Media

YouTube cofounders part ways, will spin off Mixbit

NOTE: GrowthBeat -- VentureBeat's provocative new marketing-tech event -- is a week away! We've gathered the best and brightest to explore the data, apps, and science of successful marketing. Get the full scoop here, and grab your tickets while they last.

YouTube cofounders Chad Hurley and Steve Chen are splitting up after many years of working closely together, reports TechCrunch.

The move comes after Hurley and Chen’s product incubator-focused company Avos Systems made some cuts and rearrangements to its employee roster back in February. At the time, our sources were saying that the Avos-produced streaming video service Mixbit was suffering the bulk of layoffs and would soon be shut down — a claim Hurley denied.

Today the pair announced that Avos would shift into a company focused mostly on Mixbit rather than trying to grow many different products within the company. As for Mixbit, the service focuses on letting you collaborate via mobile devices on short video clips that can quickly be edited and shared with friends.

Hurley will remain at Avos to lead Mixbit, but Chen will be moving on to become the latest partner at Google Ventures.

The split seems like the most logical next step based on Avos’ poor track record of services and products that failed to generate interest from consumers. For example, the company shuttered its digital magazine app Zeen back in November, and prior to that it saw dismal success with a relaunched version of iconic social bookmarking service Delicious before finally selling it off to another company.

But Mixbit might be the one service out of Avos that could eventually become a hit — especially because streaming video is an area Hurley knows well. And now he and the rest of the Avos team have plenty of time to focus on making it better.

 

More information:

AVOS is a new Internet company, led by the founders of YouTube, Chad Hurley and Steve Chen. AVOS recently acquired Delicious.com, the leading bookmarking service. Previously, they co-founded YouTube, the world’s largest video site in... read more »

Mixbit is a video-sharing service, which is created by Steve Chen and Chad Hurley. It was started on 8 of August 2013. This website gives user a chance to create dynamic shared videos. It competes with Vine of Twitter and Instagram on ... read more »

Powered by VBProfiles

1 comments