There’s a saying that states: fear is temporary, greed is permanent.  Well, you can add, greed is global, too.

Apparently, after losing their shirts and fleecing their own investors in the North American video market (quick, name me on more successful exit in the space other than YouTube - too late, the elevator’s moved on), VCs are now losing their shirts - and making me lose my lunch - in China, too.

Wow.  No comment.  The idea is: take a successful idea and export it to another market, not take a crappy idea and export it.

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