Color Co-Founder Peter Pham Believed To Have Stepped Down is a location photo- and video-based sharing social networking company. raised $41 million in Series A, but they failed to gain much traction since launching and raising so much. To make matters worse for the company, co-founder Peter Pham is believed to have quit. [TechCrunch]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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