At NewTeeVee Live, a panel of venture capitalists that have backed online video startups like Veoh and Heavy.com talked about funding for the nascent market. Depending on who was talking, the outlook for VC investments varied from treacherous to less treacherous.
Entertainment-lawyer-turned-VC Dennis Miller of Spark Capital warned that there are already investors who are becoming “roadkill” and there will be more roadkill ahead. George Zachary of Charles River Ventures generally agreed that there aren’t a lot of Google-like opportunities in video now that will pay mega-dividends to early investors. Instead, Zachary thinks the money isn’t in the content but in the social networks that are built around content.
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