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Youku.com, Chinese video website, raises $40M
Like most VC investments, I suspect this one is about the people, as much as anything else. There's simply some great folks at Engine Yard, and Rails is a vibrant area that will offer all sorts of opportunities as its use continues to expand.
For those of you who are still trying to figure out just what Rails is, check out our podcast at www.LearningRails.com.