I still remember when Google allegedly offered $200m for this business-less startup. I know I'm playing Monday morning QB, but to reject such offer simply demonstrates lack of economic judgement - both at the management and investor level (and a lucky strike for Google).
We tend to complain plenty about Wall Street's greed but this represents no different behaviour.
This seems backwards. If you had invested significant sweat equity and then raised $41 million then perhaps so. But in this case it's more like you took your investors hostage and live in constant fear that they will escape.
I think Google (or Facebook) would have done well with their technology and people. Color is a great feature, to paraphrase Steve Jobs. Though maybe not a $200m feature.
We tend to complain plenty about Wall Street's greed but this represents no different behaviour.