YouTube Chen: AVOs layout China market

May 28, YouTube co-founder Chen (Stevechen) and Chad Herli (Chadhurley) held a media meeting in Beijing to disclose the business process and planning of their new company. It is understood that the two people after YouTube founder of the new company called AVOs Bae. Chen said, "the company name AVOs inspired by code, A and V are like parentheses <> in the code." ”

When the investor asked about the tens of millions of dollars in a-round avos that had been completed shortly before, Chen said the financing Yuni investment and Google's investment lead, and other investors included innovation workshops. "Founder AVOs has been using our own money, the purpose of financing is to not want to change the product prematurely in order to make money." "We also want more experienced people to join the board," says Cha. Give us more advice and guidance, of course, we can also use these resources and cash to build a team, expand our size to help the team grow "Cha believes that money is not the main reason for financing, he said, there is no plan for the next round of financing.

Lee has said that Chen and Chad Hurley are very rare and passionate, repetitive entrepreneurs. They play the role of engineers and designers in the early days of PayPal and learn entrepreneurship from them. Then Chen had a short time to join Facebook. Then they came out to do YouTube and become a Silicon Valley marvel. After being sold to Google, they are not like many mergers and acquisitions, leaving their jobs for a full year, and they have a sense of responsibility for the company, which is responsible for allowing YouTube to see profits. Such entrepreneurs are the dream of all VC.

Early investment, investors prefer to look at people rather than actual projects. For example, a great founder + an ordinary idea would be more appealing than an ordinary founder + a great idea. Of course, this example is two great founders + a great idea, so the reason that the innovation factory decides to invest AVOs is very simple.

Why did the company, like AVOs, which is popular with Silicon Valley's top VC, choose to accept an investment from a far-away Chinese innovation factory? Chad said it is based on their ties with Lee in Google, while Lee on the AVOs Chinese team delicious bookmark in China's formation and development played a very important role, so of course in the financing institutions will have Kai-Fu Lee's innovative factory.

"In addition, financing will help the entire company focus on product design and improve the user experience." Chad Herli added: "At the moment, our core is still gaining a wider audience." The future business model will be the main advertising revenue, we will learn from Google's model, to provide users with a mechanism, as far as possible the relevant advertising information. ”

According to Jianghong, the Chinese head of delicious bookmarks, "as far as delicious bookmarks are concerned, the version released in March is still a long way from being planned." We will launch new products in June, and other social products will be very different, one is the content of the presentation, the other is to focus on the backend, such as the improvement of the recommendation system. "In addition, Jianghong also revealed that the related products of iOS applications are still under development, will soon be launched."

AVOs products In addition to delicious also has a Chinese version of delicious bookmarks and production of magazine Discovery and generation of application Zeen. The functionality of these three products has been duplicated, Chen says, in fact, three products were meant to solve the same problem--helping users find content. Currently AVOs's delicious, delicious bookmarks and zeen are shared by a platform, and they solve a problem-helping users find the most valuable and interesting things, but using different methods. Delicious has a long history, to meet the needs of both users, to the main collection links, and delicious bookmarks and zeen, user-generated content, you can directly read the content, more attention to social elements.

As for the positioning and division of AVOs's three products, Chen said, "early in PayPal and when we started YouTube, we found a lot of energy on the platform and infrastructure, so we wanted to build a platform where all new products could be created on this platform, Just as Google launched its own infrastructure platform to launch Gmail and many other services, we hope so. ”