The Next Chapter: Relevancy and Reinvention - Bruce Buchanan, CEO and Co-Founder, Rokt [S9:E7]

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Previously titled “The Next Chapter: Relevancy and Reinvention - Bruce Buchanan, CEO and Co-Founder, Rokt [s9:E7]” — renamed by the publisher on Aug 6, 2026

Scaling Up: Lessons From The World's Best CEOs and Founders 52 min 1 speaker 8 chapters transcribed 13 days ago
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What was Rokt’s growth story and original mission when Bruce first joined the conversation?

Ed Cowan 0:04
I'm Ed Cowan and this is Scaling Up.
Bruce Buchanan 0:14
We talk about our DNA internally as builder DNA and if you want to make a difference to the world you're in, you get up every day in a very different motivation. We move at pace and therefore learning at pace is important and therefore you've got to accept failure. And failure is the greatest unlock of learning velocity you can get.
Unknown 0:33
This podcast aims to educate and inspire by telling the stories of great growth companies as told by their CEOs and founders. TDM is an Australian-based investment firm that invests globally in fast-growing public and private companies. For more insights, visit our website, TDM GrowthPartners.com.
Ed Cowan 0:55
We last sat down with Bruce Buchanan in late twenty nineteen. At the time, Rocked was in hypergrowth mode, having just raced through the US hundred million dollar revenue mark. And the business was laser focused on the transaction moment, unlocking its potential for merchants, advertisers, and consumers alike. In the six years since, ROC's revenue has grown more than eightfold. The company is now strongly profitable and has been built on its original insight, the power of relevancy. Bruce and his team have transitioned the business to now be a full suite of AI-powered products. Each new capability has deepened e-commerce partner stickiness, expanded both sides of the network, and delivered greater returns for merchants and advertisers.
Ed Cowan 1:41
This episode dives into ROC's next chapter of growth and the role it is playing as a neutral, trusted intermediatory for first party data, how the business is positioned. To become an intelligence layer for e-commerce in a world that is seeing real-time technological change, with the rise and capability of AI agents. Just as importantly, we'll discuss what the last six years have revealed about ROC's culture and how Bruce has leaned into the hard decisions needed to scale the business for the long term. Without doubt, this period has cemented Bruce as one of Australia's great entrepreneurs and leaders. And yet, the story is still being written. Here is my latest conversation with Bruce Buchanan, co-founder and CEO of Rocked.
Ed Cowan 2:28
Bruce, welcome back to scaling up. Very excited for part two of what was a great conversation almost six years ago. It's crazy to think we we covered some ground in that previous conversation from the founding story. To the mission of Rockt. The insight from your time leading Jet Star about the opportunity about merchants and advertisers at the transaction moment. That was late twenty nineteen and I remember it vividly, mainly because soon after that the world changed dramatically. And this may feel somewhat irrelevant to a listener sitting here in twenty twenty five, but I bring it up because to me it showcases so much about Rocked as an example of the culture and the leadership of the business. You can imagine for a business that, you know, had a large part of its revenue derived from
Ed Cowan 3:13
live ticketing or travel, you know, that disappeared overnight with lockdown. So, you know, in my mind it was a moment of existential threat, but you managed to emerge the other side resilient. and in fact dominant. It's easy obviously talking about it in hindsight, it was a a terrible time for many, but I I do think it's worth getting a glimpse as to your own psychology at the time. That enabled you to emerge so strongly.
Bruce Buchanan 3:36
Yeah, well thanks. Ed, it's great to be back and reflecting on the last six years. It's been a a journey and a half. I think In twenty nineteen, you know, we're just getting close to a hundred million dollars in revenue. And we were vertically, as you said, heavily concentrated on a few early verticals that we've done quite well in entertainment, travel. And we'd recently at the start of twenty nineteen acquired a business called Offologic and gone into B to B. And started to expand in retail off the back of that. And so we had some early shoots in retail. And then I remember we had our global kickoff, which we always do in January and o overseas, and we got back in uh at the end of January and literally, you know, a couple of months later the world completely changed.

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