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YouTube Cofounders Close Series A Funding Round On Startup AVOS

YouTube cofounders Steve Chan and Chad Hurley just closed a Series A funding round on their new startup AVOS Systems. The group made the announcement at the TNW Conference now underway in Amsterdam. The year-old company took over bookmarking site Delicious from Yahoo, launched its China clone, and is working on what looks like a magazine building site over at This funding round is led by Google Ventures and New Enterprise Associates.

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