Robert Scoble and Mike Arrington report on the no-sale of Riya to Google, with additional comments from Jeff Clavier and VC Peter Rip who says “The glitter of the rumor of instant tech wealth is the affirmation we all seek for devoting ourselves to the irrational pursuit of the Myth.”
Or, to put it another way, no deal is real til the agreement is signed and the money changes hands.
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So true! Deals actually blow up at the last minute sometimes!
Good report. I didn’t know about this.
I was still hoping Riya would be sold. So what does the no-go mean ? That means intellectual monster Google is not satisfied with Riya’s technology. I appreciate Google being very choosy about what they buy and I like that engineers are more valuable then anyone else in their company a.k.a “The Google Caste System”.
I hope Google does come up with better technology to search photos.