The Spotrunner saga remains allegations, for now, but this does raise two main points:
1- Investors are suffering from such Google envy if they really think that everything in the burgeoning advertising ecosystem can be reduced to an algorithm-driven marketplace. That will never happen with TV.
2- There needs to be a market for founders to slowly cash out shares… though if what WPP alleges is true, I don’t think the Spotrunners founders should have benefited from. I mean, revenues of $10M on $111M of funding? Come on.