I wonder how much color.com cost?
"Bill recently acquired the domain color.com for $350K" according to Steve Thommes in the TC comments.
i don't really know anything about domain value but i'd honestly have guessed higher.
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
#92I just tried using this app and it crashes every time I try to take a pic on a fully updated iPhone 4, after a fresh restart. I'm not sure what they're doing with that $41 million (besides buying trademarks and unoriginal domain names), but there are some really talented people doing much more with much less. I'm sure they'll fix it, but seriously guys...
The idea is interesting, but not defensible enough for them to stop a couple of hackers with $15k from besting it.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#93Any "there isn't a bubble" believers want to comment on this one...?
This is the deal which firmly cements my belief that there is a big big bubble.
Anyone with the technical skills and idea to launch a tech startup should collect the cash now. Act fast, at this rate the foolish money wont last long.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#94What has YC (and every other prominent investor) been emphasizing lately? That the team is the most important part of the deal. And that team looks rock solid, arguably more so (on paper) than google did in 1999.
True. But does that alone deserve a 100 million dollar evaluation? I dont know enough tech luminaries who can constitute a team that can command such a high price tag, on launch day none the less. What do I know? My own wife wouldnt put down $100 on me to win :)
Re: Sequoia gives photo-sharing startup more money than they gave Google
#95Any "there isn't a bubble" believers want to comment on this one...?
I've previously been in the camp that there isn't a bubble. This seems like its a valuation of 1 or 2 hundred million for a company that hasn't launched yet. It's very hard to see how this deal could make sense in a traditional way. Don't get me wrong I think this sounds like an excellent idea that could turn out to be an excellent company. It's just such a large amount of money to raise that it kind of raises the qu…
I think the VCs realize that this is the start of a bubble and soon wall street will bring loads of public money through fancy investment instruments to the game.
It is always wise to invest at the start of the bubble and withdraw your money before the euphoria peaks. Maybe they are hoping to create a bubble with these ridiculous deals.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#96Looks like they spent most of the money on the domain name. Color.com is now live..
Re: Sequoia gives photo-sharing startup more money than they gave Google
#97I just tried out the iPhone app and I'm pretty disappointed. Color seems like one of those ideas that would be pretty rad if 1 million people already used it. Because no one has the app yet, if you fire it up it's totally blank. You take a picture of yourself, post it, then the rest of the UI is whitespace. There's nothing to look at or do. It's possibly the worst first-run user experience I've ever seen. I wonder if…
Yea, similar to initial Google Wave experience.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#98I just tried out the iPhone app and I'm pretty disappointed. Color seems like one of those ideas that would be pretty rad if 1 million people already used it. Because no one has the app yet, if you fire it up it's totally blank. You take a picture of yourself, post it, then the rest of the UI is whitespace. There's nothing to look at or do. It's possibly the worst first-run user experience I've ever seen. I wonder if…
When you mix location + user generated content, you need to deploy city by city.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#99I just tried out the iPhone app and I'm pretty disappointed. Color seems like one of those ideas that would be pretty rad if 1 million people already used it. Because no one has the app yet, if you fire it up it's totally blank. You take a picture of yourself, post it, then the rest of the UI is whitespace. There's nothing to look at or do. It's possibly the worst first-run user experience I've ever seen. I wonder if…
color's cold start issue reminds me of the zune's wi-fi sharing feature, even before it got neutered by the recording industry.
Re: Sequoia gives photo-sharing startup more money than they gave Google
#100'Say you walk into a restaurant with twenty people in it. You sit down at a table with four friends, and start chatting. Then one of your friends pulls out their phone, fires up Color, and takes a snapshot of you and your buddies. That photo is now public to anyone within around 100 feet of the place it was taken. So if anyone else in the restaurant fires up Color, they’ll see the photograph listed in a stream alongs…
Not really. Let's say you walk in a club at 1AM, you get to see what the party was like before you. Also clubs are usually concentrated in the same area, so you may also see what happening in the other establishments.