Steve Chen, a co-founder of video streaming site YouTube, is set to join Google Ventures, the corporate venturing unit of YouTube’s parent company Google, as an entrepreneur-in-residence, TechCrunch reported on Friday.
Chen did not disclose what he will be working on at Google Ventures, but implied it will likely be in the media space.
“There’s only so much that I know about, and some of those things are media and the way we distribute media,” Chen told TechCrunch. “But it’s a very different time from when we started YouTube, before the iPhone and the cloud were so in play.”
Chen’s business partner Chad Hurley will has instead elected to concentrate on MixBit, a mobile video startup that emerged from Avos, the internet company they jointly launched in 2011. Chen and Hurley had previously worked together at PayPal and then at YouTube.
Chen’s move was disclosed shortly after Google announced the appointment of Wael Ghonim, Anish Acharya and Chikai Ohazama as entrepreneurs-in-residence.
– Photo of Steve Chen courtesy of Google Ventures