Commentary

Twitter Investor: Pity The Ad Agency

Hey, all you mad men and women, Dennis Miller feels your pain. “It’s a really hard time to be in the ad agency business,” says the General Partner at Spark Capital (an investor in Twitter, by the way.)

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.”

“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.”

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.”

And, by the way, what’s Twitter worth? “Whatever it is (worth) today,” says Miller, “it’s going to be worth more tomorrow.”

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