Color.com Was Acquired For $350,000 (The Domain Name, That Is)

By now, everyone and their dog have been able to form and voice their opinions about the $41 million in early-stage funding raised by mobile photo sharing app developer Color. In the interest of feeding those that see the financing round as one of the most apparent signs of a major bubble in technology, consider this: the company spent more money acquiring the domain name color.com than most startups will raise in their lifetime.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/k-44IV6UXH4/

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