Friday, 25 March 2011

Is Colors Team Worth 41M Even if Its Idea Isnt

The launch of a new mobile app called Color on Wednesday has caused a lot of buzz � not so much because of the app itself, but because of the massive sum of money the company raised before it even launched: a group of funds including Sequoia Capital gave the company $41 million, and Sequoias chunk (as Color proudly noted) is more than the fund invested in Google.


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