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Some companies are making a respectable but not particularly exciting living hosting media streams for content providers.
The other people making money are the content providers themselves.
In terms of technology, there is not much to podcasting, it's just an RSS feed and HTTP download. Thus, no opportunity to build high value technology around it.
Creating content isn't really what VCs should be funding, just as the phone companies failed whenever they tried to get into the entertainment business. My guess is the people who will figure out how to make money from podcasting, or any other Internet media technology, will be in Los Angeles, not Silicon Valley.
Hey buddy, those Aeron chairs don't buy themselves!
I'm not even sure that RSS plays much of a role. Most podcasts are just donwloaded like any old file.
i give them a year.
Molly
More should be revealed.