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Phil Schraeder
CEO at GumGum
Phil Schraeder is the Chief Executive Officer of GumGum, a leading company in the field of contextual intelligence and digital advertising. He has been with GumGum since 2011, progressing through various roles including VP of Finance, COO, and President before assuming the CEO position in April 2019.125
Professional Background
- Current Role: CEO at GumGum (April 2019 - Present)
- Previous Roles at GumGum:
- President & COO (September 2016 - Present)
- COO & CFO (March 2013 - September 2016)
- VP of Finance (November 2011 - March 2013)
Schraeder's career began at KPMG as an auditor, after which he transitioned to the entertainment industry, working in finance and accounting roles at companies like RealD and New Regency Productions. He has a strong background in finance, which he leveraged to drive growth and innovation at GumGum.135
Education
Phil Schraeder holds a Bachelor's degree in Accountancy from Northern Illinois University, where he graduated Magna Cum Laude in 1999.1
Vision and Leadership
Under Schraeder's leadership, GumGum has focused on privacy-first advertising solutions that do not rely on personal data but rather on understanding consumer mindsets. He emphasizes the importance of authenticity, creativity, and inclusivity within the workplace and the broader advertising ecosystem. Schraeder is also an advocate for LGBTQ+ equality, promoting a culture where individuals can be their authentic selves.245
Personal Interests
Outside of his professional endeavors, Phil Schraeder is passionate about fashion and electronic dance music (EDM), reflecting his vibrant personality and commitment to creativity.25
Highlights
Last week was a big week for #brandsafety. https://bit.ly/3SKENLy
I appreciate and applaud the effort & impact GARM had in driving forward the standardization of brand safety for the industry.
That said, I'm not surprised to see it dissolve. As I have been saying for years: advertisers win by understanding the mindset of their consumers in a given moment by meeting them as they jump from screen to screen. How can we help them do that if we are building standards based on ill-defined, subjective brand safety classifications and antiquated technologies?
Let's be real...we as an industry continue to overblock and rely way too heavily on the same keyword-based technologies. How many of you missed the opportunity to be a part of all the attention surrounding Taylor Swift's Tortured Poets Department or Charli XCX’s Brat Summer moment due to practices like blunt keyword blocking?
Let's also not lose sight of how status-quo brand safety tactics have led editors to prioritize "algorithm-friendly" content over authentic journalism, continuing to perpetuate monetization inequity for nonmajority-owned publishers and news publications.
Ultimately, we need to get closer to understanding our consumers' mindsets. We need to understand all of the content signals in a digital environment to show our consumers that we care about what they are experiencing & feeling and add value with ads that resonate and match their mindset & mood. Brands that are authentic in their intentions, committed to innovation, and put the consumer experience first will win.
We've been made aware of an alarming trend where people are being misled about advanced contextual capabilities & noticed there's a major gap in understanding best practices in selecting contextual providers.
Transparency in tech is critical in our industry & with so many in the industry newly navigating cookieless tech, it’s even more important that we’re demanding transparency from our ad tech vendors. Brands especially need to lean into this.
As such, I sent a letter to our global clients last week detailing this trend and shared resources on how GumGum is setting the standard for contextual transparency, like our checklist of questions you should be asking your contextual provider to understand their capabilities:
- Where can I review your methodology? (Here's GumGum's: https://bit.ly/3JRCIsz)
- Does the provider own their technology or are they tapping into someone else's?
- How do they validate that their contextual approach is working?
- Is the technology audited and accredited by a third party?
- Can the technology understand the full context of a page? Beyond text and keywords, do you consider video, audio, and images for contextual classification?
You can check out additional resources you can use when evaluating contextual providers in the comments below.
Advanced contextual is key for the future of digital advertising and is critical to capturing the mindset of consumers, but not all contextual is created the same.
I hope this encourages other contextual providers to publish their methodologies and provide transparency into their tech stacks as well.
