Investors Provide Millions to Risky Start-Ups (Published 2011)Bill Nguyen, the founder of Color, a company whose highly anticipated app landed with a thud.Credit...Jim Wilson/The New York Times PALO ALTO, Calif. — What if you threw a $41 million party and nobody came? A start-up company called Color knows how that feels. In March, Color unveiled its photo-sharing cellphone application — and revealed that it had raised $41 million from investors before the ap
