"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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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.