Two of Color’s photo-sharing competitors, Instagram and PicPlz, exemplify the lean start-up ethos. They started with $500,000 and $350,000, respectively, and teams of just a few people. As they have introduced successful products and attracted users, they have slowly raised more money and hired engineers. Color, meanwhile, spent $350,000 to buy the Web address color.com, [...]

Startup Lessons Learned Startup business experience, shared by Eric Ries co-founder of IMVU. (tags: blog business blogs tips marketing people management startup daily businessmodel lessons startups entrepreneurship revenue articles metrics start start-up …)