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    You have to pay the content pidorvers in the begining. No content consumer is going to pay you money if you have no content. So in the early stages, you will just have to pay out money to the pidorvers for views of the webinar. This stage may last an arbitrary length of time because adoption of your service is in question. Furthermore, once you start charging, the adoption at some rate is also in question. So you got some fairly unknown length of time during which you have no revenue coming in, but expenses going out. Not to mention that running a server that would stream webinars (hopefully in large quantity) to the world will cost you a small fortune in bandwidth. Hence, you will need some fairly decent VC funding in several funding stages to get going.

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