Read Battelle’s insight into why this 41 million dollars may be money well spent on accouna that “augmented reality” stuff i’m so big on…
I read with interest about Color, a new social photo app that was much in the news today. The main angle of coverage was the size of the pre-revenue company’s funding – $41 million from Sequoia and Bain. Hell, the company isn’t just pre-revenue, it’s pre-product….at least for now. Tomorrow the actual product launches.
Now, let me back up and remind readers of my oft-repeated 2010 maxim: Location is the most important signal to erupt from the Internet since search.
OK, that said, what Colors does is offer up a visual public timeline of any given location, in real time. Every single image captured at any given location is instantly “placed” at that location, forever, and is served up as an artifact of that location to anyone using the Colors application.
Put your brain to that idea for a second, and you realize this is one of those ideas that is both A/ Ridiculously huge and B/ Ridiculously obvious in retrospect. And pretty much every idea that passes those two tests only has to pass a third to Be Really Big. That third test? Execution.
In short, if Color is used by a statistically significant percentage of folks, nearly every location that matters on earth will soon be draped in an ever-growing tapestry of visual cloth, one that no doubt will also garner commentary, narrative structure, social graph meaning, and plasticity of interpretation. Imagine if Color – and the fundaments which allow its existence – had existed for the past 100 years. Imagine what Color might have revealed during the Kennedy assassination, or the recent uprisings in North Africa and the Middle East, or hell, the Rodney King beating?