Tech Investors Feel an Aura of Hope, a Touch of Dread

Even though I don't agree with raising $41 million for a "concept", you've got to give them credit where credit is due. Admitting all of your failures in a NYTimes article is a very brave thing to do.

I think Color is a lesson for any entrepreneur, just because you can raise a lot of money doesn't mean that your product will be successful. You really need to work on it and test it with real people to see if it's viable.

Mr. Nguyen said the company had taken the criticism to heart and charted a new course. He fired Color’s president, Peter Pham, and its engineers are building a new version of the app to be released later this summer.

I'm guessing Peter and Bill aren't exactly best friends right now.

Where is the money coming from to fuel these ventures? The last bubble seemed fueled by real estate.