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Publicis has done something painfully rare in agency land.
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WPP is the world’s most expensive lesson in why agency roll-ups eventually turn into archaeology.
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Big agencies are not having a bad year.
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Toolkit
Ask an Operating Partner: 15 Questions to Ask Before You Bring One In (2026)
Operating partners have gone from a nice-to-have to a line item LPs ask about. But "bring in an operator" is easy to say and expensive to get wrong: the wrong hire, the wrong remit, or the wrong reporting line can burn a year of a hold
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Bending Spoons might be the most private equity company in tech.
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Private equity isn’t evil. It just has the terribly unfashionable habit of needing to make money.
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PE has a trillion dollar constipation problem.
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