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Unfortunately, not giving up and willing yourself to success isn't enough to overcome an nonexistent business model.
If anything makes me think we're in a bubble, it's companies like Color and the people who pump money into them.
Still, Color is gash and an embarrassment to the whole industry, and its death would not be mourned by many.
Unfortunately, not giving up and willing yourself to success isn't enough to overcome an nonexistent business model.
Earlier quoted context omitted.
> saying something stupid What kind of stupid thing could you say? The company is either dissolving or it is not. Seems pretty easy to figure out.
In any normal population of sufficient size you're going to have some screwball outliers.
Unfortunately, not giving up and willing yourself to success isn't enough to overcome an nonexistent business model.
Unfortunately, not giving up and willing yourself to success isn't enough to overcome an nonexistent business model.
Why waste time on frivolities like a "business model" when you can dupe investors out of $40M and spend it on a lavish office and developing a lame photo-sharing app that could have been done with $100K? If anything makes me think we're in a bubble, it's companies like Color and the people who pump money into them.
I'm still trying to figure out how a company who has $41 million in funding and over 400K users can't seem to come up with a business plan that generates revenue. Is this another example of buyer beware when you invest in these kinds of companies?
400K users? total registered users? surely that can't be active users.
Edit: In reply to the grandparent, because of the huge amount of money Color raised, they would need to make something like ten thousand dollars per user at their current user numbers to meet expectations. Since that's obviously impossible, it makes sense for them to avoid revenue entirely until their user numbers hit eight digits at least.
[1] http://www.appdata.com/apps/facebook/200067376723055-color