In my next post I’ll cover why online video is such an exciting opportunity for company building right now and how we think about building businesses with appropriate margins nearing 50-60%. I’ll cover why most VCs have stayed away from online video networks and why I believe they’re missing an important growth trend that looks more like a scalable tech business than the “hits driven” business they all fear.

Why The Media Has Been Wrong About YouTube Networks

Mark explains this expertly. If you’re trying to understand the online video industry, read it.