Color Labs β $41M for an Untested Photo App β #5 in Top 10 Most Failed Startup Ideas | Top10Grid
#5
Color Labs β $41M for an Untested Photo App
Raised $41 million before launch for a social photo-sharing app in 2011 that nobody understood or used, burning through the funding in 18 months and selling its patents to Apple for pennies on the dollar.
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