Record-breaking startup Color to sell engineers to Apple, cease operations

Serial
entrepreneur Bill Nguyen’s latest fanfare, which attracted fanfare and millions
in seed money even before its opening, reportedly is being sold to Apple at a bargain-basement
price. Nguyen, who co-founded the company with Peter Phan, no longer has day-to-day
oversight of the photo-sharing company. Read the
story by Peter Delevett in the San Jose Mercury News.

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