When you turn on Color it starts recording all of the pictures that others in your local area are taking. All of those photos _are stored in your "visual diary"_ forever!
This is a "life recorder" app. Remember this: http://www.wired.com/culture/culturereviews/magazine/17-09/p... ?
In the future you'll be making a documentary of your life just by moving through space, and I think that's a beautiful concept. Your grandkids will be able explore how you lived your day to day life as witnessed by those around you.
It's a fun concept, but after using it for a bit, I'm still trying to think of why I would care. If I can only see pictures from the neighborhood, I'm unlikely to see anything that I can't already see with my naked eyes.
The experience: a frenzy of sharing entertaining photos and having fun anytime, anywhere, with anyone.
The reality: a classier, more respectable and 'innocent' rival to Grindr.
The money: push advert pics into the localized photo streams, even making them geographically contextual, exposing them to an already captive audience, who may even react and start talking about it (the advertised product/service) on the spot.
Actually, have to admit, I really like the idea.
I wasnt aware of this aspect... I must say - I think it is brilliant if it works, as the geographically contextual adverts has so far been an uncracked nut.
Further - imagine a social groupon-like play where your pics of the ambiance and blast you and your friends are having while eating at [#ThisRestaurant] BECOME the ad and coupon to entice others to come and eat there... click on this photostream of [#ThisRestaurant], watch it then see a deal for you too coming here and having such a greeat experience for a discount coupon...
Or is it something where you go somewhere and you can see photos taken at this location 3 months ago or something? (ie, they use space but not time for proximity)
Sure, Facebook, Bebo etc. alievate that problem somewhat by having people upload their photos and sharing with their friends list, so you might eventually get to see everyone's photos. Assuming they bothered to upload and tag. But Color guarantees that everyone walks home with The Definitive Album for that event, with no extra effort required.
From a user perspective, that's a pretty big win. Just put Color on your grand-dad's phone and suddenly he gets to join the fun, without the whole registering/tagging/uploading/friending/browsing rigmarole.
*I just made that figure up obviously but I hope you get my point.
I'll take a stab at the vision. If you can get a lot of users the tools to give away key emotional & identity information freely you might just be able to take on Facebook. This might explain the valuation & choice of the mobile platform and why the pedigree of the founder (ex Apple) matters.
A consumer device to share information easier for undisclosed "X" use for "Y" clients. The key part of the vision is the generated information, location, a users connections, the verified identity of the user and money. A mobile phone is for all intensive purposes a credit card. These raw functions are made possible by the mobile device and the front and back-end software.
[0] 'Ex-Apple executive takes on Facebook with photo app', AP ~ http://www.theage.com.au/digital-life/smartphone-apps/exappl...