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September 18, 2011 08:33 pm GMT
It's no secret that there's been a major amount of controversy surrounding Color, the photo sharing app that launched earlier this year with $41 million in funding from Sequoia Capital, Bain Capital, and Silicon Valley Bank (Sequoia apparently put $25 million in). Color's debut was one of the most-hyped launches the tech world has seen over the past year, and since then the company has been plagued with executive departures, and a struggling product. Sequoia partner Doug Leone, who sits on Color's board and led the investment, sat down with us last week at TechCrunch Disrupt to talk about what he refers to as his most exciting investment in the past year (he begins talking about Color at the 4 minute mark in the video below).Leone says of Color and its founder Bill Nguyen, the startup has a "passionate founder who had a loud introduction of a product that didn't hit the market or bulls-eye," he says candidly. "But give me an entrepreneur with a lot of courage, gusto and who iterates rapidly, and I will back that person day in and day out."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mSTuKBoo6d0/
Sequoias Doug Leone: We Are Thrilled To Be Investors In Color, Stay Tuned For The Pivot
It's no secret that there's been a major amount of controversy surrounding Color, the photo sharing app that launched earlier this year with $41 million in funding from Sequoia Capital, Bain Capital, and Silicon Valley Bank (Sequoia apparently put $25 million in). Color's debut was one of the most-hyped launches the tech world has seen over the past year, and since then the company has been plagued with executive departures, and a struggling product. Sequoia partner Doug Leone, who sits on Color's board and led the investment, sat down with us last week at TechCrunch Disrupt to talk about what he refers to as his most exciting investment in the past year (he begins talking about Color at the 4 minute mark in the video below).Leone says of Color and its founder Bill Nguyen, the startup has a "passionate founder who had a loud introduction of a product that didn't hit the market or bulls-eye," he says candidly. "But give me an entrepreneur with a lot of courage, gusto and who iterates rapidly, and I will back that person day in and day out."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mSTuKBoo6d0/
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