Meet the Indian Who Dared to Refuse Google's Multi-Million Acquisition Offer


Devaiah, then teamed up with his friend Abhinav Asthana and took a vision to build the next General Electric, a huge enterprise with R&D labs cooking up the next versions of technological future. The duo was fascinated with the concept of Teleporting and planned their business in that particular direction. The idea was to experience any kind of environment sitting anywhere through augmented reality. One could sit in his living room and experience Paris. This vision gave birth to the company “TeliportMe”.

They developed their first product called Phototour which was a collection of 3 billion geotagged images from the Internet. Since, it had privacy issues, the next step was an Android app called 360. This application lets users take 360-degree panoramas. It was actually a public-sourced Google Street View.

Refusing Google’s Offer

Impressed by the TeliportMe’s vision and concept, Google made an acquisition offer. It was a great milestone for Devaiah, but he decided to turn it down in pursuit of achieving more such milestones in the future. No, this was not a decision to make, considering that the company had less than a thousand dollars left in its bank account. This decision also ensured that TeliportMe would now compete with Google.

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