It's clear that the popular thing to do is rag on the first launched concept, and yet everyone still seems to be ignoring the team. I doubt Sequoia, bubble times or not, is likely to back a buzzword friendly concept if they didn't believe the team could make it into something worth a multiple or the $41M investment. I'd say it's a little early to judge whether the concept or the product will take off, but I think the team will build and iterate Color into something valuable.