By Cody Lee on Jan 18, 2013
This is probably one of the more interesting Steve Jobs-Apple anecdotes I’ve heard in a while. It comes from Aubrey Johnson, a former Color employee, who gives us a behind-the-scenes look at Apple’s acquisitions of two startups: Lala and Color.
Apple purchased Lala, a streaming music company, back in late 2009, and it just completed its buyout of Color. And outside of the fact that both startups were founded by Bill Nguyen, not much else was really known about the two deals. Until now… Read More
By Cody Lee on Nov 19, 2012
Last month, it was reported that Apple was looking to purchase Color Labs, a struggling Palo Alto-based social startup that allows users to share photos and videos. The story was initially filed away as a rumor, as Apple never commented on it. But the acquisition was confirmed today in a lawsuit filing…
By Christian Zibreg on Oct 18, 2012
You may have heard that Color Labs, a Palo Alto-based startup that raised $41 million on the concept of a media sharing app called Color, has collapsed as its shareholders and board last week voted to shut the company down. There’s a chance you also felt excited about the prospect of Apple acquiring Color Labs for “high double-digits” millions and breathing new life into the company, per Ken Yeung and Matthew Panzarino of The Next Web.
Looks like the authors got it wrong because what Apple has really paid a couple million bucks for is its handful of engineers because the company itself is worthless. A new report by a blog owned by well-informed The Wall Street Journal has it that Apple is reportedly paying something to the tune of $2 to $5 million for Color Labs’s engineering team comprised of about 20 people… Read More
By Cody Lee on Oct 18, 2012
It seems like Apple’s on a bit of a shopping spree this week. Hot on the heels of yesterday’s revelation that the company acquired web app firm Particle, comes another scoop about an acquisition.
A new report is out tonight claiming that Apple is about to buyout Color Labs, a Palo Alto-based social startup that allows users to share photos and videos through its Android and iOS apps… Read More