Confirmed: Co-founder Peter Pham Leaves Color – AllThingsD. 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. Tonight, Nguyen downplayed any broader problems, and said Color has continued to hire and has new launches on the horizon. Troubled Startup Color Loses Cofounder Peter Pham. Peter Pham, the president and a cofounder of mobile social startup Color, is no longer with the company, we’ve heard from multiple sources.
The company launched publicly less than three months ago. Color has been controversial because it raised so much venture capital – some $41 million – and had such a lousy launch reception. The service creates proximity based social networks based on who’s around you, a promising idea. But one that Color has so far failed to execute on. In late April I criticized Color for making misstep after misstep and asked “How many do-overs does a startup get before users give up on it for good?” This is another black mark for Color. So far, the company won’t comment about this story. Mirroring Facebook’s Culture in a New Corporate Campus.
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