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really depends on what you are talking about.
it can be as little as $0 investment using free software and free hosting.
to $1,000+ depends really.
It is quite vague, but it depends on what kind of software you'll need to run and how much horsepower and bandwidth will be needed.
video? lots of power and lots of bandwidth.
audio? some power and lots of bandwidth
photos? some power and some bandwidth.
text? a little power and some badnwidth.
I host a number of sites on dreamhost, I have close to 1TB of harddrive space and 12TB of bandwidth every month. I never come close to using it all.
after hosting is the kind of software you'll need to run the site you want. Maybe there is a free open source script. Maybe one you buy off the shelf. It really depends on what you are trying to do.
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