Vietnamese Duo Bill Nguyen and Peter Pham Raise $41 Mil for Social App Color

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 Vietnamese entrepreneurs officially have a new hero: Bill Nguyen. Last time we wrote about Bill, he sold his online music application Lala.com to Apple. Bill is back. This time, he teamed up with another Influential Vietnamese Peter Pham for a $41 million dollar venture called Color.

Color is a smartphone app that lets you share photos and create albums with people around you. There’s no following or friending, just spontaneous sharing wherever you are. You know, the way it used to be before Facebook and Twitter. Bill and Peter have set a milestone for the young Vietnamese American community.

It is too soon to say if Color will fail or succeed, but the road to this point is a success in its own right.