4 ms·
Post from Gruber today about Color: http://daringfireball.net/linked/2012/10/17/color-shut-down http://daringfireball.net/linked/2012/10/17/color-shut-down > L
by clobber 14y ago
Post from Gruber today about Color: http://daringfireball.net/linked/2012/10/17/color-shut-down http://daringfireball.net/linked/2012/10/17/color-shut-down
> Like I Said, $41 Million Down the Toilet
- raganwald 14y agoTo be fair, the whole quote was: > 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. So the first half of his prediction was correct, color the product was a turd. Actually, a double-turd since their pivot seemed to change the product from manure to guano. He simply didn't predict what may be a seller's market for strategic patents and their role within it. Which is why he's a journalist and not a VC. His brain isn't devious enough (an neither is mine!).
- plinkplonk 14y agoI eagerly await Gruber's 'pivot' on his opinion about Color, if Apple - the company that can do no wrong and is really playing 11 dimensional chess (as per his blog) - really acquired it.
- megablast 14y agoGruber is plenty critical of Apple, look at his analysis of Apple maps. He justifies why they had to do it, but still agrees it is not ready.
- cookiecaper 14y agoHeh, he is not critical of Apple at all in that piece. He grudingly accepts that the new Maps wasn't ready, but spends the rest of it begging us to forgive them because big mean Google wouldn't give Apple what they wanted for cheap. :(