This document discusses the future of advertising agencies. It begins by providing background on Rei Inamoto and his predictions for the future of agencies. It then outlines three key areas for agencies to focus on - structure, compensation, and process. For structure, it suggests agencies move toward more flexible structures like tech startups. For compensation, it discusses moving away from hourly billing toward other models. For process, it advocates adopting a 360-365 continuous process like some tech companies. The document concludes by stating these three factors will be important for agencies going forward.