Quick Poll: The fate of Color
Will Color flunk spectacularly?
Will Color flunk spectacularly?
I'm not very impressed with their PR posture or product so far, but I know enough about business to not count anyone out this early, especially those with a track record and money.
This poll reeks of hate and jealousy. Please stop it.
I am just looking at the idea and it looks overly complex to be instantly usable. Experimental if you will, solving a problem that does not exists, and more fit for an academic research rather than a business venture. That's not even considering the amount of funding.
Just ignore the 41 mil, and do tell me based on what they have described to the public so far if you see them having a respectable userbase within a year? I very much doubt it, and only then, considering the amount of funding it would constitute a spectacular failure.
So, no, no hate whatsoever. It just doesn't make any sense (with an exception of a theory that this is a setup for VCs to extract their money from Facebook by making it acquire Color later on - that is ingeniously clever).
Even if they have a 90%+ chance of flopping, the investment in them could be justified. If a VC sees the potential for them a market size like Google or Facebook and a small chance that they could capture it, tossing in $43 million makes sense.
So I think Color will most likely not be a success, but that doesn't mean the investment was a mistake.
I believe there is certainly a level of innovation in social connections that will make Facebook look like Lycos and Altavista. Color probably doesn't have it, but they managed to convince Sequoia that the might, and you have to take those gambles.
One can only hope. People here have been suggesting that we're beating a dead horse at this point, but when I open the App Store (German version of course, not that they give me a choice) I see a lot of positive reviews. "Great idea!", "Neat App" they say. People are still not getting it.
However, there is probably little new insight about the app and the concept itself. For me this review says it all: http://news.ycombinator.com/item?id=2375027
I finally tried out the app today, otherwise I wouldn't have commented. It's awful.
They're calling it a 'moving social network', but it seems to be more about collecting photos/videos attached to specific locations. The 'social' aspect is a partial byproduct - almost feels like a buzzword thrown in to give you some justification for taking pictures - "take pics with your friends!".
But really this seems to be a stab at making large-scale data collection 'fun'. However 'fun' it may be, the focus is still on data collection.
"Sharing Content publicly with others from different locations is what this App is about. If you find this objectionable, please consider not using our App or Site."
How much of the info they collect will they make truly public?
Imagine being able to see/hear/watch activity that went on at any location at any point in history from multiple points of view. Color.com could end up being the wikipedia of realtime-location-based-multimedia-sensorfied data.
Sure, Color might be awesome for companies that buy the data collected through the app, but as a plain user, what's the point of the app?
It's the Rebecca Black of iPhone apps.
edit: yep
It's an interview piece.
The implicit social network concept of Color fails even the simplest of tests. I can say that I've never been in a situation, out with my friends, where we were all snapping away at our environment. At worst 2 or 3 people out of a dozen took a couple pictures of the group, then just emailed them out from their phones in 3 or 4 more steps.
Does anyone have any stats/history about companies that have in the past gotten the "big valuation/major PR" during their initial launch/funding and ended up actually becoming a $billion dollar business? I feel like the pattern is usually the opposite -- Google started as a grad school project and was funded with $100k (before Sequoia put in $25M). Facebook started a few years ago without a ton of fanfare and $500k, etc.
I feel like everyone is predicting failure because usually when companies and investors so loudly proclaim brilliance/future success in such a public way, we're used to seeing failure in the end (Cuil)...
Curious to hear any examples folks might have....
These are smart and well-connected founders and investors who know what they're doing.
Will it achieve absolutely nothing of note? Very unlikely.
Will it justify the investment? Much harder to tell.
Apples and oranges, I know, but it reminds me of Kindle owners polluting Amazon book reviews based on cost/availability of the Kindle version.
Fact is, Sequoia isn't a fly-by-night operation. No doubt they're investing in the idea, the team and the (non-public) direction it's going. I wouldn't be so quick to declare failure.
Spontaneous geo connections, which seems to be the idea (like most other people, I don't quite "get it" yet), is an interesting idea. It reminds me a little of Twitter, actually.
Still, it does make me worry when a company makes a big splash with what seems to be poor execution (the app). Time will tell.
In the current environment I hesitate to predict failure of any kind, particularly with that much runway. Chances are that the worst outcome is going to be a breakeven to moderate exit due to a Facebook or Google talent acquisition. After all, it's social, it's mobile, it's local... pack in those buzzwords!
For people who don't "get it" (like me), ask yourself this: did you "get" Twitter when it first started? I know I didn't. If you're honest enough to say you didn't (because I bet virtually everyone didn't) then take pause before declaring failure.
I still haven't figured out Evernote. I mean I get the idea, but I haven't been able to get any use out of it that I wouldn't get from Pinboard, but the fact that Evernote is pretty successful just lets me know that I don't have to personally "get it" for it to work.
Which is why I'm not counting Color out just yet.
They, dare I say it, may have to pivot.
In order to succeed, such soo revolutionary app need to live undercover for a while and find the "right product" first.
Now no one can tell if it will fail now or not, but the first impression so far from the tech people seems to be not good.
—I agree with Gruber in other news.
Unless they change radically, which I dont think they will, they are going to die.
After that $350k domain purchase they're only left with the measly sum of $40,650,000.
If this app is really so outrageously bad, then it seems odd to devote several of the top stories on HN to it; perhaps leave that to Reddit. ;)
Certainly that is not HN's place or purpose. HN's purpose is to provide high-quality Hacker News. Its readership gets to decide what that is.
(Sidenote: A side effect of that is, yes, a force that can influence the fate of one project or another.)
It's even worse if your product depends on network effects; poison the well early on, and you reduce the chances of going viral later even if the issues are fixed. It seems a safe bet that whatever chance Google Buzz had died with the initial privacy controversies.