Posts Tagged ‘sequoia’

Capturing the Second Largest Tree in the World in a Single Image

For a recent National Geographic story on giant sequoia trees, photographer Michael “Nick” Nichols was tasked with capturing a photograph showing the sheer size of one of the largest trees in the world. The video above offers a short but interesting glimpse into how Nichols and his team went about doing so.
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Apple Reportedly Acquires Photo Sharing App Color

Well, that’s quite a turn of events. Yesterday we reported that photo sharing app Color had denied rumors that the service would soon be shutting down. Based on the app’s lack of users, we said that Color would need to find some traction — and find it soon — for the $41 million invested in it to pay off. Turns out they won’t be needing a miracle after all, because they’ve reportedly already found one: the app will reportedly be acquired by Apple.
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Instagram Set to Raise $50M from Sequoia Capital at a $500M Valuation

Instagram is set to raise a massive Series B round of venture financing and, according to AllThingsD, the round will be led by preeminent VC firm Sequoia Capital — the same firm that funded the likes of Apple, Google, YouTube, PayPal, Oracle, and Yahoo!. The company will reportedly be raising $50 million on a $500 million valuation, which is a hefty price point for a 17-month-old company with a headcount of 13. The service boasted 30 million iPhone users prior to its Android launch earlier this week, after which they received 1 million new signups in less than 24 hours. Now all it need to do is figure out a way to turn its popularity into dollar bills…

(via AllThingsD)


Image credit: Instagram founders @Kevin @mikeyk by Robert Scoble

Is Color the Webvan of Photo Sharing?

In March 2011 we reported that an iPhone photo sharing app called Color had raised a whopping $41 million in funding before it had even launched. Sequoia Capital, one of the most prominent VC firms in Silicon Valley, invested more money in Color than they had originally invested in Google. Now, just three short months later, Color is still struggling to find users while its less-funded competitors are leaving it in the dust.
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