Peter Pham, the president and a cofounder of mobile social startup Color, is no longer with the company, we’ve heard from multiple sources. The company launched publicly less than three months ago.
Color has been controversial because it raised so much venture capital – some $41 million – and had such a lousy launch reception. The service creates proximity based social networks based on who’s around you, a promising idea. But one that Color has so far failed to execute on.
In late April I criticized Color for making misstep after misstep and asked “How many do-overs does a startup get before users give up on it for good?”
This is another black mark for Color. We’ve heard mixed messages as to why Pham is leaving, but it’s never a good sign when a cofounder and executive leaves a startup just a few months after it launches.
So far, the company won’t comment about this story. And Pham hasn’t answered my phone calls.
Color is a social app for photos. You take photos and then the photos appear on the fly with other photos in your vicinity. You get to see the photos your friends are taking as well as other people within 100 feet of your photo. The app will group photos based on who your friends are so you are more likely to see photos that you are interested in. The service is available on Android or iPhone.
Currently is the Co-Founder and President of Color. Previously Peter was Entrepreneur In Residence at Trinity Ventures and former CEO of Billshrink.com and Vice President of Business Development at Photobucket.com. which was acquired in 2007 by Fox Interactive Media, a division of News Corporation for $300M. Both companies were funded by Trinity Ventures. Prior to Photobucket, Peter was in the enterprise space for over 8 years being involved in multiple startups in areas such as mid-range server computing, software as a...
Mr. Bill Nguyen is a co-founder of Color Labs, Inc. and serves as its Chief Executive Officer. Mr. Nguyen founded Seven Networks Inc. in May 2000 and served as its co-Chief Executive Officer until April 2005. Before founding SEVEN, Mr. Nguyen founded Onebox.com in 1999. He also co-founded La La Media Inc. in 2005. Apple acquired LaLa in December 2009. The service shut down in April 2010 with users getting credits on the apple itunes store. Prior to starting Onebox,...
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