When Color Labs launched their highly anticipated photo-sharing app Color in 2011, it was one of the fervently hyped startups in the venture capital world. Co-Founder & CEO Bill Nguyen was equipped with everything you could ask for to launch his app: extremely deep pockets, an all-star executive team and the backing of some very influential and wealthy people. But even with all of that, Color crashed and burned before it could even get off the ground. Find out how it all went so wrong on Episode 18 of The Great Fail.
Episode Sources:
Color Failed. What Happens To Its $41 Million?
What Happened to the Color App?
Top 10 Failed Apps: Mistakes and How to Build a Successful App
Color lawsuit confirms sale to Apple, accuses founder of intimidation and abuse
Former Color Labs employee suing the company and CEO Bill Nguyen
Color Labs And Bill Nguyen Sued By Ex-Employee Alleging Retaliation, Emotional Distress
Sources: Apple Paid $7 Million For Color Labs
Bill Nguyen: The Boy In The Bubble
Special Guest:
Ty McMahan
Writer, Journalist, Media
Ty has spent the bulk of his career as a journalist, including five years covering tech startups and venture capital for The Wall Street Journal. After leaving the newsroom, he ran content efforts at both a tech startup and a venture capital firm.