6 patents pending? Is this all a big IP bet for them & their investors? That could really set back under funded entrepreneurs working on similar solutions.
"The more you interact with someone, the more persistent that connection becomes."
Facebook already has been doing this for a couple years, but if Color sniped them on the patent by a few months then that would justify the valuation alone. Plus they have a solid team with at least a decent chance of building something themselves, which is basically just gravy if the investors have a guarantee of at least getting a 2x return by suing Facebook and a couple other companies.
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6 patents pending? Is this all a big IP bet for them & their investors? That could really set back under funded entrepreneurs working on similar solutions.
That's what I think. If you look at this quote:
"The more you interact with someone, the more persistent that connection becomes."
Facebook already has been doing this for a couple years, but if Color sniped them on the patent by a few months then that would justify the valuation alone. Plus they have a solid team with at least a decent chance of building something themselves, which is basically just gravy if the investors have a guarantee of at least getting a 2x return by suing Facebook and a couple other companies.