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I think Color was funded for a variety of reasons, but it has very little to do with product. It's unfortunate that Bill feels he needs to defend the startup at
by d2 16y ago
I think Color was funded for a variety of reasons, but it has very little to do with product. It's unfortunate that Bill feels he needs to defend the startup at this stage on the merits of it's product or future product - it's not a battle he can win until he has the social proof that traction provides.
For now they have cash, a great network and PR buzz that can kickstart traction.
In terms of product development, it's unfortunate they've raised so much money so early in their lifecycle. A cash surplus can really muck up the natural evolution of a product. e.g. you hire too fast and and up with a staff of 100 people all trying to justify their existence by pulling, pushing and shoving the product. No matter how strong a leader you are, it's tough to control that situation.
My prediction, and I don't feel good saying this, is that Bill and his team are going to do a lot of innovation that won't evolve into a business but will provide much inspiration for other businesses that will succeed.