Please let me know the URL for that piece.
Sad.
We all saw how well that worked out for Slide. My guess is that Color will see a similar fate. It's unlikely you'll build a great social photo sharing application if that's not your primary focus.
For now they have cash, a great network and PR buzz that can kickstart traction.
In terms of product development, it's unfortunate they've raised so much money so early in their lifecycle. A cash surplus can really muck up the natural evolution of a product. e.g. you hire too fast and and up with a staff of 100 people all trying to justify their existence by pulling, pushing and shoving the product. No matter how strong a leader you are, it's tough to control that situation.
My prediction, and I don't feel good saying this, is that Bill and his team are going to do a lot of innovation that won't evolve into a business but will provide much inspiration for other businesses that will succeed.
I don't think many people understand how advertisers eat this stuff up. When they start throwing money around again (probably soon), you bet the big guys (like Color?) will repeat the benefits.
And who knows, maybe in some capacity it works out - I believe the Slide team at Google is responsible for the launch of Disco.
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We also collect pictures, videos, comments, and actions you take through the App (“Content”), and information on your location. When our App is active, your Device provides periodic updates to our server of your location, which allows us to show you fresh Content based upon where you are at that moment. We share your Content with others. Sharing Content publicly with others from different locations is what this App is about. If you find this objectionable, please consider not using our App or Site.
And how long after that before Apple drops Color from their App Store?
Seriously, I think people are seriously overthinking the photo sharing aspect. That's just the first thing they could think of that seemed like it would have mass appeal, but I imagine the company has little to no interest in private photos or in tracking individual users.
Here's how I see the possible future applications. You go somewhere and use your phone en route. Your phone knows approximately where you are and have been recently with a fair degree of detail. Rather than uploading that information to a server and scaring people away from using it, it listens to a stream of numbers from a server, which represent various different location and/or environmental criteria. The phone matches these with what it knows about itself based on where you've taken it, as if it were playing bingo. Every so often it gets a good match, and then uses that as a hash to look up a particular commercial message - one that has a high probability of being relevant to the owner of the phone based on where they are, where they're going, or where they have an established trail.
So you're traveling up the escalator in a shopping mall, when suddenly your phone shrugs (tm). What is it? That obscure thing you like and searched for last week is in a store 2 minutes walk away. Hardly anyone buys those, so if you go there in the next hour they'll give you 20% off; otherwise it goes back to the wholesaler.
What I find fascinating about Color, though, is that I can open the app in downtown Palo Alto and actually see photos of startups nearby, peoples' lunches, offices, whiteboards, window views, and so on. Mobile/GPS-based photography is an idea that has been tried in the past, but seemed to have never taken off due to lack of traction. Surely too early to tell, but perhaps the high publicity attracted here will actually make it possible for this one?
a 42$ million investment, I would be curious about any thoughts on how a company would make a profit from that investment. Other than selling information about it's users.
I think the gotcha would be "Oh the company is NOT selling customer information!" So that's how they are doing it. This article seems like they just uncovered some new revelation.
And if the data mining stuff is good, they don't even need you to download their trojan horse. They can just license the tech to Facebook and leverage their installed base.
EDIT: Perhaps Twitter is the best fit as a licensee - huge installed base on smart phones, and apparently can't data mine their way out of a wet paper bag, if the #dickbar fiasco is any indication.
I sent a tweet to them yesterday, but got no response. https://twitter.com/#!/tenaciousJk/status/51033367050846208
edit: group response to the below
No geo-ad platform has this low barrier to entry with this high of an incentive. Simply snap a pic and it's recorded and you're "checked in" if you will. You're doing something you want to be doing: recording your event, people you're with, etc. With 4S and Gowalla you have to want to check-in. Checking in is the app - not recording your memory by way of a picture/video. Sharing pictures is the biggest social app on the web.
"The next transformative development, a picture-sharing application. A place where you view pictures that coincide with your social life. It is the true digitalization of real life. You don't just go to a party anymore. You go to a party with a digital camera, and then your friends relive the party online. And tagging."
It's just amazing what you can do with $41mm, right?
Bruce Wayne is Nguyen and we are Lucius Fox, but in this case there is no Joker to catch.
> Then it will select the best picture and put it to the top of the photo feeds of people most interested in that image (like fans at the ballpark)
Great idea, but I don't think I've ever seen a description be so hand-wavey. You might as well put "Then some magic happens" there. Some details on how this happens (face recognition? social voting? views?) would be nice.
edit: I guess I should RTFA. It's still really high level, but later in the article Nguyen explains that they use views to measure photo quality.
On the other hand i need to say i was shocked to read what Color was about because it was so close to my start-up gold "idea" (don't ask what? :-) ). But more the time pass more i feel their project is so far of what we'd be doing.
I whish they understand that they can't succeed in this way, they can collect user's data like all those social networks does, but in exchange they need to provide something in exchange.
Seems like the goal of color is to aggregate vast amounts of real world data, like the Google of physical life.
No idea if they can actually pull this off, but thought the Longitude Prize story is cool (thank you, "Stuff You Should Know" podcast, for mentioning it earlier this year).
(Yes, you can slide the photo left to remove it, but it'd still show up in my stream!)
This is almost the opposite strategy to Yuri Milner, who is spreading his bets out over many companies. However, this strategy is no less valid. I say almost because the investors can make many (tens of) bets this size and still succeed in making money.
on the other hand, suprised I haven't seen the obvious 'paedo/stalker threat' brought up yet. it's not data mining you'd need to worry about, it's individual predatory users
That`s brilliant :) Great post john.
I think this 'data mining' revelation could just well be the 'death knell' ?
Yeah there sure is nothing there that 'marketers' could use right?