Color Pivots; Bill Nguyen Fired Peter Pham
nytimes.com
nytimes.com
It turns out it never was.
It seems they're kind of a twitter for photos with ad hoc local area wireless photo sharing. What problem does this solve?
When I take a snapshot, why would I want to share it with anyone who happens to be in range? What makes this so appealing? I can't see any appeal, but perhaps that's just me.
How do they make money? It seems they'll be going for some variant of permission marketing, based on accrued data of user interests. But how does the user benefit?
They just need to find a killer use case that motivates early adopters to use it. For example, it could be used at colleges to form networks around classes, sports events, parties. This app would be very useful during disasters, but you can't build a business around that. ;-)
The boss says: "Hell no, why would I fire you when I just paid $500k to educate you!"
"Photos might not even be a part of Color in the future, he said".
Sounds like a pivot to me.
Color is a damn good proposition and ironically a company that shouldn't pivot and the founder should be stubborn and force his idea down peoples throats. I really really like their end goal idea, and feel like they could get there with a lot of very clever execution.
They just need to find a "disease vector" (photosharing? music sharing? sexting?) to get people to use their location technology and make themselves available for tracking and advertising.