[gs8]

I guess the VCs think that if Color can get their patents the worst case scenario will be that Color can become a patent troll.

The $41mil shouldn't even be a topic right now because the VCs that funded them are some very experienced betters in the game. If they made this bet they must have seen something. Honestly I don't see anything of value right now, but then again I'm not into sharing photo's with strangers thing.

I also think they are not a social company like Twitter/Flickr but are hoping to generate enough data using their mobile apps to be able to identify various locations without gps and sell that data, sort of like that one company which maps out locations using WiFi access point names.

As for this new bubble debate and Color's $41mil, no matter what the situation you will always have a few people saying the market is good and a few people saying that the market is too weak/strong. It's like the glass half/full debate that can never go away.

[ahi]

It has patent troll written all over it. Right now it seems like they don't have much more than an idea for a product and an idea for a business plan. Even if their photo-sharing thing doesn't work, it's inevitable that others will be looking to build social networks from cell phone data.