Venture capitalists live to see innovative technology, game changing business models and passionate teams. I got the trifecta with Ojos Inc. They showed me "the best thing I've seen" in the last 5 years.
Munjal Shah, Burak Gokturk and Azhar Khan, have developed something really unique and game changing (visit www.riya.com to get the full flavor). What Google did to text, they do to images. They recognize faces within images and index them accordingly. Once indexed, images searchable. Once searchable they are monetizable. It's that simple. With 100B digital pictures taken per year, and 4Mpixel cameraphones coming out, this is a big big idea.
I see a bright future for them and wish them the best of luck.
More on my interaction with Riya here.