Most video sites will be “roadkill”

By Michael Estrin

If you’re having trouble keeping track of all the new video sites, you may not have to worry. At the NewTeeVee Live Conference, Dennis Miller of Spark Capital predicted that most video sites wouldn’t last very long, according to a Financial Times blog post.

“There’s too much money chasing too few ideas,” Miller said. “There is already roadkill and there will be massive roadkill ahead.”

George Zachary of Charles River Ventures was even more pessimistic.

“I think it’s a humongous mistake to invest in content,” Zachary said.

For Zachary, the solution is to aggregate and distribute existing content, something he praised Bebo for doing. Earlier this month, the social network announced Open Media, which allows broadcasters like CBS and the BBC to distribute content across its network.

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