YouTube Founders Buy a Startup

When the founders of YouTube invest in something it becomes news.

After all Chad Hurley and Steve Chen did manage to pry $1.76 billion out of Google way back in 2006.

Now the very rich tech duo is investing in a social media company that helps businesses track what's being said about them.

The YouTube founders bought Tap11.com to add to their new company Avos.

β€œOur vision is to create the world’s best platform for uses to save, share, and discover new content,” Hurley said in a statement. β€œWith the acquisition of Tap11, we will be able to provide consumer and enterprise users with powerful tools to publish and analyze their links’ impact in real-time.”

The move comes just two weeks after the pair bought Delicious, a social bookmarking service, from Yahoo.

The pair is describing Avos as an "information discovery service." The startup is located in San Mateo.

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