The news has hit that photo technology Riya is not being purchased by Google before they even publicly launch as was earlier rumored. Apparently Microsoft was also in talks with Riya at some point according to Scoble.
I don’t know whether or not Riya was a company built to flip or not, nor do I know what they have planned for revenue. My guess is that they could build a good revenue model if their technology really works as advertised. Either way, Paul Kedrosky adds to my thoughts that you must build a business for the long haul with real revenue for a chance at success.