Last week I was in Palo Alto, drenched by torrential rains but happy to catchup with serial entrepreneur Bill Nguyen and hear about his remarkable new startup Color, which today launched its iPhone and Android based mobile app.
Color has raised $41 million from a stellar group of investors. This is a huge amount of capital for a seed/Series A round and it shows how much confidence there is in Mr Nguyen and his team.
But this is no ordinary startup. Mr Nguyen is a serial entrepreneur, his most recent venture was LaLa, the cloud-based music service that he sold to Apple for about $80 million.