Home AdExchanger Talks Can TV Be A Performance Channel?

Can TV Be A Performance Channel?

SHARE:
Arjun Kapur, managing director & founder, Forecast Labs

Television advertising has the reputation of mainly being a vehicle for branding.

But that’s a misconception, says Arjun Kapur, managing partner and founder of Comcast’s Forecast Labs, speaking on this week’s episode of AdExchanger Talks.

Branding and performance are a continuum, and TV has the potential to drive outcomes as much as any digital channel.

“Every interaction with a company is a point of branding, and every interaction with a company is a point of potential conversion,” says Kapur, who previously led marketing initiatives at TheLadders, Squarespace, Shutterstock and HelloFresh before joining Comcast and launching Forecast Labs in 2019.

Forecast is a venture group housed within Comcast NBCUniversal that helps consumer-facing startups generate revenue using a cost-per-acquisition-based TV advertising model.

Rather than writing a big fat check to a founder – who in turn writes numerous big fat checks to the large social platforms, where customer acquisition costs are on the rise – Forecast partners with startups on growth plans that center on TV media, including direct response.

The companies in its investment portfolio include Instacart, Acorns, women’s telehealth platform Nurx, meal delivery service Tovala, fintech and mortgage lender Neat Loans and eco-friendly cleaning products company Blueland.

Forecast earns its equity, Kapur says, and only gets a stake in businesses if it’s able to prove that the customers it attracts are incremental.

“Instead of giving [startups] money and then sitting back and hoping they actually did well … we flipped the model,” he says. “We’re not giving them the money; we’re giving them the customers and then taking equity in return.”

Also in this episode: How the stormy economic environment is affecting Forecast’s investment priorities, measuring the value of TV advertising, evolving beyond the DTC social media marketing-focused growth playbook and that time Kapur’s basset hound, Hunter, almost got to meet Will Ferrell.

Must Read

DOJ v. Google: During Opening Arguments, The DOJ And Google Battle Over An AdX Divestiture

Court is back in session. And the fate of  the open internet is in the balance.

Chris Mufarrige, director, Bureau of Consumer Protection, FTC

FTC Consumer Protection Chief: No Easy Answers On Privacy, ‘Only Trade-Offs’

Privacy isn’t black-and-white, says the FTC’s Chris Mufarrige, promising evidence-driven consumer protection cases under the Trump administration.

How Encryption Keys Could Resolve The TID Furor

Rather than sharing universal TIDs that any DSP or curator can access, Raptive says publishers should instead share encrypted TIDs with an encryption key provided only to trusted demand-side partners.

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters

Clear Channel Brings Mid-Flight Measurement To Its OOH Network

Clear Channel will provide advertisers weekly, mid-flight reports on outcomes driven by its inventory in order to bring OOH measurement closer to the speed of digital.

FTC Commissioner Mark Meador speaking at the NAD's annual conference in Washington, DC on Sept. 16, 2025. (Photo: Brian O'Doherty)

FTC Commissioner Mark Meador: ‘No Human Society Can Long Survive Without Consumer Trust’

Keeping American kids safe in what FTC Commissioner Mark Meador calls “an increasingly complex and fast-paced technological environment” is a top priority for the agency.

Comic: "Deal ID, please."

Amazon Expands Its Programmatic Integration With SiriusXM

On Tuesday, Amazon DSP announced an expanded integration with satellite radio company SiriusXM.