The author seems to contradict himself, first stating that Michael Eisner was an investor in Joost, and then going on to tell us that the problem is that media

The author seems to contradict himself, first stating that Michael Eisner was an investor in Joost, and then going on to tell us that the problem is that media VC's don't exist because all the outstanding media CEO's don't invest in startups. If anybody personifies a media CEO it's Michael Eisner.