I think that people are hating on Color because of a combination of two different things: 1. They've got a buggy 1.0 application with no users. 2. They've got

I think that people are hating on Color because of a combination of two different things: 1. They've got a buggy 1.0 application with no users. 2. They've got $41 million dollars in VC money. Either by itself might be understandable, but the combination is worrisome. For example, it's one thing if some angel investors invest $500K or $2 million in strong team with a half-baked idea. That's enough money to allow some hiring and a few experiments. Or coming from the other side, I can understand why investors might put $41 million into a promising social network with dedicated users and strong growth. But $41 million for a company which hasn't demonstrated product-market fit, and is still working the bugs out of their 1.0 release? I'm not sure what Sequoia thinks they see in this deal.