Google Tried To Buy Color For $200 Million. Color Said No.

Disclaimer: This article is taken from the site techchrunch. Found the title very interesting, so thought I should post it in my blog.

If that headline looks familiar to you, you’re probably remembering our story about Google offering to buy Path for $100+ million from earlier this year. Path turned that deal down.About the same time, multiple sources have confirmed, Google was also making a run for Color, the mobile social network founded by Bill Nguyen. This was well before Color launched, and Google was looking at the company’s potential as well as the team. Google offered $200 million for the company, according to our sources.Color turned down the deal, say our sources. They then raised $41 million in debt and equity capital from Bain, Sequoia Capital and Silicon Valley Bank. That round valued the company at $167 million.

Should Color have taken the Google deal? Absolutely yes. The company has stumbled since launching, has failed to live up to its own hype and has lost founder Peter Pham and Chief Product Officer DJ Patil.That said, it’s always nice to have the benefit of hindsight. At the time that Google was trying to acquire Color, the company had a killer team, a strong, bold vision and top-tier investors willing to pile money into the startup. Entrepreneurs don’t start companies to sell them before they even launch.


About Bhavani Anantapur Bache

I'm an enthusiastic and self-motivated Software Engineer with a passion for building cutting-edge innovative products related to Embedded Systems. In a career spanning over 6 years in Software/Hardware technologies, I got involved the leading an entire software development life-cycle of projects from understanding the requirements and scope, product design, writing code, writing automation tests, documentation, debugging and fixing issues to release of the product to the customer. Such experience contributed towards my advanced proficiency in C++ and object-oriented programming. I liked working on Linux operating system, Linux shell scripting, writing Makefiles and Python. I enjoy solving complex problems and actively participate in programming challenges. I have a passion for innovation with a proven track record of publications in the international journals and conferences, in the areas of Signal Processing, Data Mining, and Machine learning. Currently, I'm working on building novel solutions using signal processing, data mining and machine learning methodologies. I aspire to build new products that would leverage my unique background in software, hardware, and machine learning and that would make a significant impact on the end user.
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1 Response to Google Tried To Buy Color For $200 Million. Color Said No.

  1. crities says:

    I agree, it was kind of stupid to turn down the deal. I mean google would have made it to an instant success.

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