Google offered to buy his company, which he turned down

Vineet Devaiah, founder of a technology company which is set to offer tough competition to the controversial ‘Google Street View’ project is ‘Coorg Person of the Year, 2012’.

In fact Google had offered to buy out his company TeliportMe, but the Cornell educated CEO of the Palo Alto California-based start-up refused the offer, though Vineet had many a sleepless nights before turning down the once in a lifetime chance because “once you have said no, you cannot go back and ask them again.”

According to well-known technology website techcrunch.com, the Google buyout offer was in the range of $15-20 million, though Vineet is not prepared to comment on the amount.

He was selected ‘Coorg Person of the Year’ in a poll conducted by www.coorgtourisminfo.com, Kodagu’s first news portal, promoted by senior journalist P T Bopanna, said a release from the jouranlist.

Vineet, 26, son of Theetira Subramani and Latha, hailing from Kutta in Kodagu district of Karnataka State, has developed an Android application which focusses on creating virtual tours using 360 degree panoramas. Users can not only capture high-resolution 360 views, but can also share their images on Facebook and Twitter.

New application

Vineet likens his new application TeliportMe to Google Street View. “It is what TeliportMe will be in the next 5 to 6 years. The only difference between the two companies is that Google is paying billions of dollars to create it and we are getting it done for free… It’s kind of Wikipedia or crowd source imagery by people,” he noted.

Among the others who were nominated for this year’s ‘Coorg Person of the Year 2012’, include Commonwealth Games badminton gold medalist Machimanda Ashwini Ponnappa and noted environmentalist Col C P Muthanna, who has been waging a relentless battle to save the Western Ghats from the forest mafia in Kodagu. said the release.

source: http://www.DeccanHerald.com / Home> District / Mysore, DHNS / December 30th, 2012