Apparently spent on a seriously cool-looking office in Palo Alto across from the Creamery. I walked by the other day; they hadn't moved in yet but there was a "we're hiring" sign posted on the door.
They moved in months ago and have been working out of that office for a while. They actually have the three adjacent offices across the street from the Creamery. The one that's visible to the street is where they eat lunch and hold events. If you walk north along the block you can see two more doors with projectors displaying pictures that people have posted to Color.