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0 pointsheretohelp13y ago0 comments

The situation with Color was uniquely transparent that it was ridiculous.

This wasn't some "oh the business idea seemed good, but the team just couldn't get their act together", or, "turned out they attacked the market opportunity from the wrong angle and didn't pivot in time"...

No, this was:

"GEOLOCATION MOBILE SOCIAL INSTAGRAM PICTURES CONCERTS!"

Don't even try to worm out of this and pretend there was any reason to take Color seriously.

$40mm? My ass.

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jpk13y ago

I mean, I'm not defending Color. It was a terrible app and an even more terrible business. Sequoia invested in the team because they liked them. They gave a bag of money to people they thought could make good use of it, and it didn't pan out.

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