avos

YouTube co-founders' AVOS Systems scores Series A funding

AVOS Systems, the Internet venture started by YouTube co-founders Chad Hurley and Steve Chen, has closed a Series A venture capital financing round with some help from old friends.

Google Ventures led the Series A round, along with New Enterprise Associates, according to AVOS. Madrone Capital and China-based Innovation Works also participated in the financing. AVOS did not divulge how much it raised in the round.

Hurley and Chen made a name for themselves in the Web community back in 2006 when they sold YouTube to Google for $1.65 billion. In their new role as leaders of AVOS, they've bought social-bookmarking site Delicious from Yahoo. … Read more

YouTube founders readying 'Zeen' magazine platform

It looks like YouTube founders Chad Hurley and Steve Chen have a new service called "Zeen" -- designed to let users "discover and create beautiful magazines" -- coming soon.

Blog Fusible spotted a teaser page for the site earlier today, at zeen.com. The page features a box that lets visitors reserve a username; links to Zeen's Twitter and Facebook pages; and links to a page of job listings and a privacy policy. The jobs page lives at AVOS.com -- AVOS, of course, being Hurley and Chen's company, and the company that bought Delicious off of Yahoo a little less than a year ago.… Read more

YouTube founders buy Delicious off Yahoo

Social-bookmarking service Delicious has been purchased by AVOS, the company started by YouTube co-founders Chad Hurley and Steve Chen. Yahoo said in a statement that it will continue to run the Delicious service until about July. User information will then be handed over to AVOS.

The new owners say they'll continue to run the site as it is. On a frequently asked questions page on Delicious, Yahoo says "there may be a time of adjustment as AVOS relaunches Delicious, but the company's intention is to add new features and grow the service overall."

"We're … Read more