CEO Remorse? After Firing Mollie Spillman On Vacation Is Marissa Mayer Eyeing Baltimore Startup Millennial Media?

The 37 year old fireball we’ve all come to know and love, Marissa Mayer, has been hard at work in her new role as CEO of Yahoo. During that time she’s mandated free smartphones for her staffers, made meals free, hired a new CFO and even had a baby of her own with just a few weeks maternity leave. Mayer knows that Yahoo’s share holders are looking for a big change and quick. So far she seems to be delivering.

The next thing Mayer and the Yahoo team have to do is lock down solid revenue streams.

It appears that Mayer is going to attack revenue from all angles and focus on the angles that she knows the best. A new version of the Yahoo home screen recently leaked out that showed a higher profile for search. For those that didn’t know Mayer had a long tenured history at Google.

She also seems to be honing in on Yahoo’s content properties and cutting away other under performing properties.

Mayer’s also focusing heavily on mobile a place she knows well from her Google days. Yahoo held their first quarterly conference call under Mayer, Monday afternoon. During that call Mayer spoke about her plan to focus the company’s efforts on mobile. At one point in Yahoo’s long dot com history the page, with their silly tv commercials, was a destination of browsers everywhere to find just about anything in a portal design moreso than a straight search engine.

In the early days of Google, Yahoo search was actually powered by their Mountain View rival. A time Mayer knows all too well from the other side of the fence.

Mayer is hoping to make Yahoo and it’s many apps a go to destination on mobile devices. Once their mobile product line is beefed up they are going to need a better monetization strategy than they currently have in place.

Mollie Spilman,Millennial Media, Yahoo, Mayer,Marissa Mayer, Baltimore Startup,Startup,Startups,startup acquisitionTo that end, this past weekend Business Insider reported that Mayer may have her eye on Baltimore mobile ad startup giant Millennial Media.

¬†Millennial Media was created by a group of former advertising.com and Verizon Wireless employees and is led today by co-founder and CEO Paul Palmeri who was integral part of the creation of Verizon Wireless’ v-cast service. ¬†With their engagement and developer centric mobile ad strategy Millennial Media quickly rose to prominence as the second largest mobile ad company in the world, eclipsing even Apple. Google is of course at the top, and by all accounts they are not for sale.

Millennial Media went public back in March. They debuted at $13 and quickly shot up to $25 with a high on opening day of $27.90. Unlike many of the tech companies and “startups” that went public this year, Millennial Media trades on a day to day basis, very close to where they debuted at, closing yesterday at $14.25.

All around it’s a solid company and a solid acquisition candidate for Yahoo.

Of course no one at Yahoo or Millennial Media is speaking about this however Yahoo could truly benefit from having the second largest mobile ad network behind Google in their stable.

There’s also a huge connection between Yahoo and Millennial Media. Millennial Media’s Executive Vice President and Chief Marketing Officer is Mollie Spilman. You may remember Spilman’s name as the CMO from Yahoo that was fired by Mayer while she was on her vacation. Perhaps there isn’t such bad blood between Mayer after all.

Linkage:

Millennial Media

Source: SAI

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Millennial Media Stock Opens With A Bang

Millennial Media, the largest independent mobile ad platform in the world, went public this morning on the New York Stock Exchange (NYSE) under the ticker symbol MM.  Millennial had said earlier on that they expected shares to go for between $9 and $11 at their IPO. Yesterday that number was revised to $11 to $13 per share. What happened today was nothing short of amazing.

The opening trade this morning on Millennial stock was $25 it was hovering around $26 per share around 10am eastern time this morning. It was at $25.16 at noon.

CNBC’s Jim Cramer has been talking up the mobile phone space saying that it’s the way of the future. That could be what’s driving the stock for the Baltimore based ad network.

They also have a financially sound business. Millennial did over $104 million in ad placements last year and have been on a steady trajectory of growth since being founded in 2006 by former Verizon VCast honcho Paul Palmeri.

Millennial Media’s stock story this morning has been raising some eyebrows. Yahoo advertising executive, Michael Katz, tweeted this morning:

Millennial Media’s marketcap is almost bigger than the actual Mobile Ad Maket [sic]. Tell me how this makes sense.

The Motley Fool this morning called Millennial Media “The mobile advertising play you’ve been waiting for”. Fool writer Rick Aristotle Munariz speculates that Millennial’s position as the second largest mobile ad player overall, and ahead of Apple’s mobile ad unit, may be driving the success of their IPO.

source: SAI