YouTube co-founders part ways

Washington: YouTube co-founders Chad Hurley and Steve Chen have parted ways after working together for 15 years. The duo first worked at PayPaland then at YouTube and most recently at incubator Avos Systems, Tech Crunch reports.

While Hurley will concentrate on Avos Systems’ mobile video platform MixBit, Steve Chen will move over to Google Ventures.

Avos Systems was founded by the pair in 2011 to give them both the freedom to pursue multiple projects.

The incubator ran similarly to an Expa or betaworks in that the projects were chosen by Hurley and Chen, and stayed within a relatively closed environment.

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