140 Proof

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140 Proof, Inc.
IndustryAdvertising
FoundedSan Francisco, California, United States (July 2009 (2009-07))
Founder(s)
  • Jon Elvekrog
  • John Manoogian III

140 Proof is an advertising company that uses social data from many sources to target relevant ads based on consumers' interests as indicated by their social activity across networks.[1][2]

History

140 Proof was launched in 2009 by Jon Elvekrog and John Manoogian III.[3][4] The company partners with a large number of apps and social networks to use people's public social network activities to target relevant ads with the blended interest graph.[5][6]

140 Proof began as an app-based network: its name is a reference to the 140-character limit on Twitter.[7] 140 Proof does not serve ads on the Twitter website itself; instead its API is used by third-party apps to display targeted ads appearing on apps, social sites and mobile networks.[8][9] Additionally, the service allows advertisers to run campaigns on blogging platforms like WordPress and Tumblr.[10]

Brands advertising via 140 Proof’s API include Victoria’s Secret, UPS, Nike, AT&T, Microsoft, General Motors and Levi’s.[11][12] While its largest market is the United States, 140 Proof also serves customers internationally.[13]

In 2012 the company launched a platform to help big media brands monetize their content. The platform allows media brands to offer their advertisers social ads and access to their audience in settings beyond their home website. Additionally, media brands can use 140 Proof’s targeted advertising algorithms to reach people with interests similar to their existing audience.[7][14]

During the 2012 U.S. elections, 140 Proof provided social advertising to political campaigns.[3][15][16] Campaigns could custom-build target audiences for their ads, or choose from 140 Proof’s pre-built voter personas, which included “Swing Voters” and “Tea-Partiers”.[3] The ad service worked best for customers campaigning at the state level or higher, because its targeting technology is more effective with larger audiences.[3][16]

In 2014 the company was granted a patent for targeting users based on persona data. 140 Proof's patented method includes the steps of receiving an advertisement request from a third-party environment with associated content, identifying a content stream that includes a reference to the third-party content, identifying a persona based on the user associated with the identified content stream and serving an advertisement to the third-party environment based on the identified persona.[17]

In August, 2016, 140 Proof was acquired by AcuityAds for up to $20 million in cash.[18]

Mobile advertisements

140 Proof’s ads appear in mobile apps, mobile social reader apps, and mobile networks.[19][20] Ads are targeted to specific audiences based on public interest graph data.[19]

In 2012, 140 Proof began offering video on any app running 140 Proof ads.[21] Its first video ad campaign was for Chevrolet during the Super Bowl. The ads generated 50 million impressions in 2 days and resulted in 120,000 downloads of Chevy’s “Chevy Game Time” app.[22] Like its text ads, the videos show up in users’ social streams on apps that run 140 Proof ads. Users can watch, rate and share the video without leaving the page.[21]

The blended interest graph

Public social activity from the interest graph is the primary data source 140 Proof uses to make its ads more relevant. Apps using 140 Proof give the company a user ID list stripped of names, along with the public information in that user’s profile. 140 Proof’s algorithms assemble ‘personas’ of users based on keywords in users’ posts and who users are following.[23] By combining information on several of a user’s stated interests, interest graphs allow 140 Proof to infer further about the user’s interests.[24]

Brands can then choose personas toward which they can target their ads. For example, an advertiser might want to reach just sports fans, or either sports fans or mothers, or only sports fans who are also mothers.[25]

References

  1. Huspeni, Andrea. "Have a Burning Business Question? Ask the Expert: Jon Elvekrog". http://www.entrepreneur.com/article/234486.
  2. Constable, Simon. "Social Media's Ad-Revenue Revolution". http://live.wsj.com/video/social-media-ad-revenue-revolution/57EC1656-F602-4108-B498-8F840CFD9B01.html#!57EC1656-F602-4108-B498-8F840CFD9B01.
  3. 3.0 3.1 3.2 3.3 Merino, Faith (March 15, 2012). "140 Proof debuts social ad service for politicians". Vator. http://vator.tv/news/2012-03-15-140-proof-debuts-social-ad-service-for-politicians.
  4. "140 Proof | CrunchBase Profile". CrunchBase. http://www.crunchbase.com/company/140-proof.
  5. Moses, Lucia. "People Aren't Always Honest About Their Locations". http://www.adweek.com/news/advertising-branding/people-arent-always-honest-about-their-locations-156316.
  6. Constable, Simon. "Social Media's Ad-Revenue Revolution". http://live.wsj.com/video/social-media-ad-revenue-revolution/57EC1656-F602-4108-B498-8F840CFD9B01.html#!57EC1656-F602-4108-B498-8F840CFD9B01.
  7. 7.0 7.1 Hall, Steve. "140 Proof Launches Social Ad Platform for Premium Media Brands". http://www.adrants.com/2012/12/140-proof-launches-social-ad-platform.php.
  8. Ha, Anthony. "Social Ad Network 140 Proof Launches Partner Platform, Signs Up Jumptap". https://techcrunch.com/2012/05/24/140-proof-partner-platfor/.
  9. AdExchanger Staff. "Company Targeting Twitter And The Social Stream Says Founder Manoogian". http://www.adexchanger.com/ad-networks/location-based/.
  10. Ha, Anthony. "140 Proof Brings Its Interest-Targeted Ads To Tumblr And Other Blogging Platforms". https://techcrunch.com/2013/01/24/140-proof-tumblr-ads/.
  11. Ha, Anthony. "140 Proof Introduces Video To Its Social Ad Network". https://techcrunch.com/2012/02/22/140-proof-video-ads/.
  12. Huspeni, Andrea. "Have a Burning Business Question? Ask the Expert: Jon Elvekrog". http://inspired.entrepreneur.com/article/234486.
  13. Staff. "140 Proof". http://www.mmaglobal.com/members/140-proof.
  14. Editorial Staff. "140 Proof Platform Monetizes Social Audiences for Premium Brands". http://www.marketingvox.com/140-proof-platform-monetizes-social-audiences-for-premium-brands-051807/.
  15. Otlacan, Otilia (March 27, 2012). "Interview: John Manoogian III, Co-founder and CTO of 140 Proof, Reveals How Political Campaigns Can Leverage Social Media". Ad Operations Online. http://www.adoperationsonline.com/2012/03/27/interview-john-manoogian-iii-co-founder-and-cto-of-140-proof-reveals-how-political-campaigns-can-leverage-social-media/.
  16. 16.0 16.1 Moire, Jennifer (March 15, 2012). "INFOGRAPHIC: Facebook's $142 Million Political Ad Market, According To 140 Proof". All Facebook. http://allfacebook.com/facebook-ads-politics-infographic_b81902.
  17. Cohen, David. "140 Proof Granted Patent for 'Targeting Users Based on Persona Data'". http://allfacebook.com/140-proof-patent_b134176.
  18. Ha, Anthony. "AcuityAds acquires social ad targeter 140 Proof for $20M". https://techcrunch.com/2016/08/11/acuityads-acquires-140-proof/.
  19. 19.0 19.1 Rao, Leena (March 2, 2010). "HootSuite Rolls Out Android App; Partners With 140 Proof To Serve Ads On Mobile Clients". TechCrunch. https://techcrunch.com/2010/03/02/hootsuite-rolls-out-android-app-partners-with-140-proof-to-serve-ads-on-mobile-clients/.
  20. Rao, Leena (January 20, 2010). "140 Proof Distills Ad Network For Twitter". TechCrunch. The Washington Post. https://www.washingtonpost.com/wp-dyn/content/article/2010/01/20/AR2010012004134.html.
  21. 21.0 21.1 Ha, Anthony (February 22, 2012). "140 Proof Introduces Video To Its Social Ad Network". TechCrunch. https://techcrunch.com/2012/02/22/140-proof-video-ads/.
  22. Script error: No such module "Citation/CS1".
  23. Rao, Leena (January 20, 2012). "140 Proof Distills Ad Network For Twitter". TechCrunch. https://techcrunch.com/2010/01/20/140-proof-rolls-out-ad-network-for-twitter-clients/.
  24. Script error: No such module "Citation/CS1".
  25. Elvekrog, Jon (May 16, 2012). "Followers Are Audiences: Targeting the Biggest Audiences on Twitter". iMedia Connection. http://blogs.imediaconnection.com/blog/2012/05/16/followers-are-audiences-targeting-the-biggest-audiences-on-twitter/.

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