Color Will Shut Down on December 31st
1–10 of 66 posts
Re: Color Will Shut Down on December 31st
#2In 1.5 years, $41 M gone. This company was full of so much drama. It's a shame that really good investors had to deal with a lot of grime.
Re: Color Will Shut Down on December 31st
#3In 1.5 years, $41 M gone. This company was full of so much drama. It's a shame that really good investors had to deal with a lot of grime.
Where did all that money go? How many employee did the company have?
Re: Color Will Shut Down on December 31st
#4In 1.5 years, $41 M gone. This company was full of so much drama. It's a shame that really good investors had to deal with a lot of grime.
Will we ever know how much Apple paid for Color?
Re: Color Will Shut Down on December 31st
#5No official comment or story yet?
Re: Color Will Shut Down on December 31st
#6In 1.5 years, $41 M gone. This company was full of so much drama. It's a shame that really good investors had to deal with a lot of grime.
Giving a company a large amount of money and watching it spent poorly does not make "really good investors".
Re: Color Will Shut Down on December 31st
#7In 1.5 years, $41 M gone. This company was full of so much drama. It's a shame that really good investors had to deal with a lot of grime.
Investors in startups are making bets. If they deserve the huge payouts they get when they bet correctly, then they don't deserve pity when their bets go wrong.
In this particular case, Bill Nguyen had a whole bunch of red flags, including exiting shortly before his previous companies failed. I, for one, am not happy that investors continue to give such large amounts of money to such obvious carpetbaggers. The Bill Nguyen's of the world thrive because they are allowed to.
Re: Color Will Shut Down on December 31st
#8The missed a trick here they should have said that they were closing down on 21 December 2012. Then no one would be sure....
Re: Color Will Shut Down on December 31st
#9The missed a trick here they should have said that they were closing down on 21 December 2012. Then no one would be sure....
The Mayans would be sure.
But really, who didn't see this coming after the first launch went sour? I read the indictment yesterday and there's some pretty hairy stuff in there, but one has to wonder.
I think most people will think twice before climbing into bed with Bill Nguyen again.
Re: Color Will Shut Down on December 31st
#10In 1.5 years, $41 M gone. This company was full of so much drama. It's a shame that really good investors had to deal with a lot of grime.
Where did all that money go? How many employee did the company have?
I would also love to know this. Where did the money go? In an era where infrastructure cost is cheap, the big expense should be labor. But seriously, $41m?