Two of YouTube’s founders are wading back into familiar territory.

On Thursday, Avos Systems, a startup led by YouTube founders Chad Hurley and Steve Chen, launched a smartphone app called MixBit to shoot and edit online videos — features shared by services such as Vine and Video on Instagram. The service also lets people reuse clips shot by other MixBit users to plug into Web videos of their own.

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via AllThingsD » Mobile http://allthingsd.com/20130808/youtube-founders-next-act-mixbit/