Because everyone’s and everything’s so new, “There’s no institutional knowledge,†he says, and there’s “so much pressure for everyone to be in these new worlds.â€
“This advertising and media business is so screwed up right now,†added Spark’s Miller. “There’s so much paranoia … It’s better to be in arbitrage now.â€
On a perhaps brighter note, says Miller, “We’re we’re very bullish that the money will follow the eyeballs, and we’re just in the first inning right now.â€
And, by the way, what’s Twitter worth? “Whatever it is (worth) today,†says Miller, “it’s going to be worth more tomorrow.â€