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Most ad tech companies are half a business.

Kollision Theory supplies the other half: the relationships, the deal structure and the judgment to use them. We take a position, not a fee.

The other half

Four things you cannot hire for.

Every company we work with owns part of a stack and is missing the rest. These are the parts we bring.

01 · Access

The relationships

Search feeds, exchange seats, buy-side desks and syndication partners. None of it is purchasable and none of it is hireable. It is the reason the first meeting happens.

02 · Structure

Deals that survive a bad quarter

Most partnerships are written for the good outcome. We design for the other one, so both sides can still work together after a month that goes wrong.

03 · Combination

The match nobody had on a whiteboard

The best results come from putting two businesses together that had no obvious reason to meet. When the fit is right, one plus one is never two.

04 · Judgment

Reading platform pressure

Browser policy, security vendors and feed economics move together. We read them as one signal and say plainly whether to optimize, pivot or exit.

We take a position, not a fee.

Revenue share, equity or carry. No retainers and no hourly work. If we are not exposed to the outcome, we are the wrong firm.

Variables

Three variables decide whether an impression pays.

Everything we do sits under one of them. Nothing we do sits outside them.

Bid density

Energy

Enough competing demand in the auction to clear the floor. Thin auctions clear at the floor and stay there.

Match quality

Orientation

Match rate, format, placement and moment. The same impression is worth several times more, correctly oriented.

Supply quality

Frequency

Traceable inventory, sensible ad density and real users. Clean supply decides how many chances the first two variables get.

The window

It is decided in 120 milliseconds.

Demand paths respond inside the timeout or they do not respond at all. Density is what clears above the floor, and latency is what kills density.

Auction · illustrative Running

Principles

Yield is a connection problem.

Most of what moves revenue in this business is who you know, how well they know you, and whether they trust what you tell them. We run that as infrastructure, not as networking.

Relationships

They compound

We treat partnerships the way others treat capital. They compound, they protect you in a bad month, and they open doors no pitch deck will.

Candour

Truth over performance

We report what the numbers say, including when they say stop. A reporting call is not a sales call, and we do not run it like one.

Judgment

The scarce input

As more of the auction runs on automation, human discernment becomes the edge. We spend ours on the decisions a model cannot make for you.

Selection

Choose the room carefully

The quality of a business tracks the quality of the people around it. We are selective about who we work with, and we expect you to be selective about us.

Supply chain declarations →

Bring us the half you have. We will tell you if we are the other one.

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