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?
Is this another example of buyer beware when you invest in these kinds of companies?
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
I don't really like Color just because its just not my thing but I don't quite get why everyone here hates them so much. There's a lot of vitriol spraying all over the place around here. Is it because they're super hyped and overvalued? I hate to break it to everyone if it is but most startups we read about here are overhyped and over valued. I don't get it. Seriously, I mean I get why people don't like Color but why does it seem everyone just hates them pretty severely around here?