Color, the $41 Million App, Lost its Steam & its President/Co-Founder

The free iPhone social networking photography app named “Color” is best known for its founders receiving $41 million in funding. It takes photos and then groups your photos with photos recorded by other people in the vicinity who are also using the app. Neither Frank McPherson nor I took much of a liking to it.

Is Color Over Rated Or Do We Just Not Get It? (Frank)

Color Photo Sharing App: What Do You See If No One Else is Using it Nearby? Not Much (Todd)

After its initial buzz, the app seems to have faded from discussion and actual use. TechCrunch is now reporting that Color’s President and co-founder, Peter Pham, has left the company behind the app.

You have to wonder what happened to the $41 million in funding the startup received.

Troubled Startup Color Loses Cofounder Peter Pham

As a sidenote, I spoke with Peter Pham way back in February 2009 when he was the CEO of firm whose service I did understand: BillShrink.com. It helped people find ways to save money by choosing the right cell phone provider and plan. You can listen to that podcast in the embedded player below.

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