Sequoia gives photo-sharing startup more money than they gave Google • Hacker News Board

Re: Sequoia gives photo-sharing startup more money than they gave Google

#11

Post by aepstein » Thu, Mar 24, 2011, 12:47 AM UTC

olivercameron wrote: post #8

I wonder how much color.com cost?

"Bill recently acquired the domain color.com for $350K" according to Steve Thommes in the TC comments.

Re: Sequoia gives photo-sharing startup more money than they gave Google

#12

Post by parth16 » Thu, Mar 24, 2011, 12:48 AM UTC

aepstein wrote: post #11

olivercameron wrote: post #8

I wonder how much color.com cost?

"Bill recently acquired the domain color.com for $350K" according to Steve Thommes in the TC comments.

holy cow

Re: Sequoia gives photo-sharing startup more money than they gave Google

#13

Post by vibhavs » Thu, Mar 24, 2011, 12:50 AM UTC

nostrademons wrote: post #2

It's mobile, it's social, and it's local! They managed to hit all the buzzwords in one startup!

They forgot group buying.

Re: Sequoia gives photo-sharing startup more money than they gave Google

#14

Post by avichal » Thu, Mar 24, 2011, 12:53 AM UTC

vibhavs wrote: post #13

nostrademons wrote: post #2

It's mobile, it's social, and it's local! They managed to hit all the buzzwords in one startup!

They forgot group buying.

Actually I think they talked about that too "it eventually plans to offer businesses a self-serve platform for running deals"

Re: Sequoia gives photo-sharing startup more money than they gave Google

#15

Post by guelo » Thu, Mar 24, 2011, 12:54 AM UTC

Was anybody able to find the android app? They don't link directly to it and searching for "color" is too generic. Which, btw, is a problem with their name.

Re: Sequoia gives photo-sharing startup more money than they gave Google

#16

Post by arfrank » Thu, Mar 24, 2011, 12:55 AM UTC

A couple of things stick out from this numbers wise:

* 7 founders (~14% split evenly, unlikely though)

* 41M raised

* Staff of 27 (obviously get some equity)

Some valuation math:

(Dilution) Pre-Money Post-Money (Founder dilution from ~14.28%)

  15% 232.3M 273.3M  12.1%

  20% 164M   205M    11.4%

  25% 123M   164M    10.7%

  30% 95.6M  136.6M  9.99%

  40% 61.5M  102.5M  8.57%

  50% 41M    82M     7.14%

I realize the percentages are essentially a wild guess, but I feel its a good data point to add in.

Re: Sequoia gives photo-sharing startup more money than they gave Google

#17

Post by danest » Thu, Mar 24, 2011, 12:57 AM UTC

guelo wrote: post #15

Was anybody able to find the android app? They don't link directly to it and searching for "color" is too generic. Which, btw, is a problem with their name.

It is coming out later tonight. I tried looking for it as well.

Re: Sequoia gives photo-sharing startup more money than they gave Google

#18

Post by jarin » Thu, Mar 24, 2011, 12:57 AM UTC

avichal wrote: post #14

vibhavs wrote: post #13

Earlier quoted context omitted.

They forgot group buying.

Actually I think they talked about that too "it eventually plans to offer businesses a self-serve platform for running deals"

No wonder they invested $41 million… It's the perfect app…

Re: Sequoia gives photo-sharing startup more money than they gave Google

#19

Post by nostromo » Thu, Mar 24, 2011, 12:57 AM UTC

I'm curious how a proximity-based social network is going to keep from placing me closer to my upstairs neighbor than, say, my brother on the other coast.

Re: Sequoia gives photo-sharing startup more money than they gave Google

#20

Post by avichal » Thu, Mar 24, 2011, 12:57 AM UTC

Any "there isn't a bubble" believers want to comment on this one...?