I can see how people would find this valuable, but what does the company need all that money for?
Do they just have a mean, scalable roadmap that we are unaware of?
Sequoia gives photo-sharing startup more money than they gave Google
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Re: Sequoia gives photo-sharing startup more money than they gave Google
#22Title doesn't do it justice. The photo-sharing part isn't what's novel. They seem to be building a social graph automatically weighted on physical proximity+frequency, using smartphone sensors (the most important one of which happens to be a camera). That's cool, and potentially game-changing. "All of your contacts are presented in a list of thumbnails ordered by how strong your connection is to that user. Whenever C…
Yeah, based on what they said they have some much more ambitious plans than just photo swapping. Unfortunately (but unsurprisingly) they were vague about what those plans entail — they made some references to heavy data crunching, but I couldn't really get a straight answer as to exactly what they were crunching or what it would be used for.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#23It's mobile, it's social, and it's local! They managed to hit all the buzzwords in one startup!
I'm a little concerned that it isn't viral and/or paradigm-shifting.
It probably is viral and paradigm-shifting too, based on the description. It really is the perfect startup - hits every buzzword, founder with a previous exit, all-star team, etc.
Too bad startups aren't checklists to tick off.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#24It's pretty difficult to search for this on the iPhone App. Store, I went through pages and pages on a search for 'color' before going to color.com and clicking the link. Will most people do this though?
Re: Sequoia gives photo-sharing startup more money than they gave Google
#25Is it April 1 already?
Re: Sequoia gives photo-sharing startup more money than they gave Google
#26[deleted]
Re: Sequoia gives photo-sharing startup more money than they gave Google
#27Is anybody else actually able to use the app? I got past the "take a picture of yourself", but now I just see blank white screens everywhere.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#28I don't care what it does, $41 million at pre-launch for a mobile app is ridiculous.
I sure believe they've hired a staff of 29 very talented people. But even if you give each of them a salary of more than 1 million dollars it would still take a year to burn that money.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#29The article makes it seem as if Color hasn't launched yet but it actually has (presumably today). I downloaded it and am pretty stunned at how confusing of a UI $41 million can buy you.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#30Creepiest part- "it uses the camera to check for lighting conditions, and even uses the phone’s microphone to ‘listen’ to the ambient surroundings."
The auto-social network based on proximity is awesome, though. I can't wait for this and the creep factor will be gone in five years anyway since we are all moving to a more open society.