9
Like I Said, $41 Million Down the Toilet

Ricardo Bilton, reporting for VentureBeat on the collapse of Color:

A source within the company tells us that the company’s shareholders and board last week voted to shut the company down.

Yours truly, when Color launched in March 2011:

This thing looks like a turd to me. Now, maybe I’m the idiot and the joke’s on me and Color is going to be a huge hit. But my figurative money says that the investors who funded these guys just flushed $41 million in literal money down the toilet.

Wednesday, 17 October 2012