User:Misbahuz/Color Labs

Color is a social application for photos, created by Color Labs, Inc. It allows people take photos in addition to viewing other photos also taken in the vicinity. The application groups photos based on a user's friends so that s/he is more likely to see those that are more relevant.

The application is available for Android and iPhone.

History
The group started when co-founders Bill Nguyen and Peter Pham received a total of $41 million in funding. Color was named as a tribute to Apple's color logo from the Apple II. Bill Nguyen described the Apple II as having changed his life when he was seven years old. The domain name Color.com was bought in December 2010 for $350,000.

On March 24, 2011, Color launched its application "Color for Facebook" in Apple's App Store. A week after the launch, Color Labs released an update with significant changes to the iOS App interface--allowing users to see photos from events "Nearby", a "Feed" of relevant photos, and a "History" of groups that users can participate in. Words underneath each icon explaining what they did were also added. In June 2011, less than 3 months after the company officially launched, Peter Pham left Color.

When it launched, the application had around 1 million downloads. As of September 2011, the service had a little under 100,000 active users. In June 2011, less than 3 months after the company officially launched, Peter Pham left Color.

Funding

 * In 2010-2011, Color closed $25 million in funding from Sequoia Capital, $ 9 Million from Bain Capital, and $7 million in venture debt from Silicon Valley Bank. In September 2011, Doug Leone revealed that Sequoia Capital only invested three days before the scheduled launch of Color.