Don't tell me (or pg, or anyone else) that Comet is a cool new technology which will transform the web -- show us something which you can do with it. Lots of people say "hey, I'm cool", but few of them actually are -- until you show us something which your cool new technology can do for us, you fall into the category of unsupported hype.
We were ultimately not given funding, probably because our proposal seemed to be "Look at this cool new technology that will transform the web. We're experts on it." rather than "Here is exactly what we want to make and precisely how we'll make money."
I obviously can't read pg's mind, but I strongly suspect the issue was more that you hadn't convinced him that Comet was useful rather than due to your lack of concrete business model.