Confirmed: Co-founder Peter Pham Leaves Color
Color co-founder and CEO Bill Nguyen said of Pham, “I wish him the absolute best. He’s really good at deals. For a company that’s on the verge of being able to use distribution to scale he’s going to be amazing.”
Nguyen said Pham and Color had parted ways more than a month ago.
The launch was widely seen as a bust, in part due to the Color app’s inscrutable interface and problematic lack of content when used in isolation. Negative perceptions were especially compounded by the fact that Color had raised $41 million before even releasing a product.
Tonight, Nguyen downplayed any broader problems, and said Color has continued to hire and has new launches on the horizon.