Tech Investors Feel an Aura of Hope, a Touch of Dread(nytimes.com)

Tech Investors Feel an Aura of Hope, a Touch of Dread

http://www.nytimes.com/2011/06/20/technology/20color.html?pagewanted=all

3 comments

Even though I don't agree with raising $41 million for a "concept", you've got to give them credit where credit is due. Admitting all of your failures in a NYTimes article is a very brave thing to do.

I think Color is a lesson for any entrepreneur, just because you can raise a lot of money doesn't mean that your product will be successful. You really need to work on it and test it with real people to see if it's viable.

drink15년 전

Mr. Nguyen said the company had taken the criticism to heart and charted a new course. He fired Color’s president, Peter Pham, and its engineers are building a new version of the app to be released later this summer.

I'm guessing Peter and Bill aren't exactly best friends right now.

fondue15년 전

Where is the money coming from to fuel these ventures? The last bubble seemed fueled by real estate.