Liz Gannes

Recent Posts by Liz Gannes

Confirmed: Co-founder Peter Pham Leaves Color

Peter Pham, co-founder and president at the social networking start-up Color, has left the company, as was first reported by TechCrunch.

Pham confirmed his departure in an email but declined to comment further.

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.

Color counted seven founders when it launched in March, with Nguyen and Pham the most prominently featured (see our video below; in the screenshot above, Nguyen is on the left and Pham on the right).

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.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work