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Web startups are made out of two things: people and code. The people make the code, and the code makes the people rich. Code is like a poem; it has to follow certain structural requirements, and yet out of that structure can come art. But code is art that does something. It is the assembly of something brand new from nothing but an idea.This is the story of a wonderful idea. Something that had ne

From Yahoo! News: Botox may soon become an NHS-approved remedy for chronic migraine in England and Wales, following a recommendation by the health watchdog.

About a year ago, YouTube cofounders Steve Chen and Chad Hurley bought bookmarking service Delicious from Yahoo, and used it as the basis to form a new company called Avos Systems.We haven't heard much from them since. Until today, when Avos announced its first round of outside funding. (PDF here.)The company isn't saying how much it raised, but it got a group of pretty big names on board, includ

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Steve Chen, co-founder of YouTube, the popular video sharing website, announced at TechCrunch Disrupt Beijing 2011 that he will soon bring the world's biggest bookmark service, Delicious.com, to the Chinese market.Chen appeared at the star-studded conference on Oct 31 to make the announcement as the founder of startup AVOS Systems, a new Internet company he established with Chad Hurley, YouTube's

YouTube founders Chad Hurley and Steve Chen have bought Tap 11, a social media analytics firm.The purchase comes less than three weeks after the duo bought the social bookmarking service Delicious from Yahoo.Just how much Hurley and Chen bought either company for hasn't been disclosed, but both become properties of AVOS, the pair's San Mateo start-up that is building an "information discovery ser

Yahoo has announced that it's selling the social-bookmarking service Delicious to YouTube's cofounders, Chad Hurley and Steve Chen, who plan to make it part of a new startup called AVOS. Delicious was one of the first startups to tap into social media and user-generated content, but it has languished for the past couple of years. Hurley and Chen say they're going to support and improve Delicious,

Chad Hurley and Steve Chen, the brains behind YouTube, have acquired the social bookmarking site Delicious from Yahoo, a Yahoo spokeswoman confirmed.Delicious will become a part of Hurley and Chen’s new Internet company, AVOS, starting in July 2011. The company has been looking for someone to buy the service since December.Yahoo and AVOS promised that the transition will be seamless. Starting tod