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by eggbrain 4590 days ago
I hope this hackathon happens again next year. They were very generous with their grand prize, and anything you built you were able to keep.

The one thing I'd ask them to change is for the prizes to be a little better distributed this year. I'd hate to be those second place winners who perhaps _just barely_ lost to the first place winners but had a $950,000 dropoff.

Perhaps first place $500,000, second place $250,000, third place $100,000 etc.

1 comments

Their prize structure reflects rewards in winner-take-all scenarios, such as the tech industry. How much money is the second-best CRM system making compared to Salesforce?
A whole lot? I mean, I don't have exact figures but knowing a few I hardly doubt the next competitor has 95% less profit than SalesForce. Tech isn't winner take all in most cases, it's a few take all, like say 4-5...
Almost as much. Only difference is that SAP is actually making a decent profit, while Salesforce is loosing money...

http://www.forbes.com/sites/louiscolumbus/2013/04/26/2013-cr...

Is salesforce making money? Hint: you won't get right answer listening to Benioff pumping and dumping on CNBC.
the prize structure was simply so that one company could eventually say "1 million dollar hackathon". no other reason. it's more reasonable to even it. every other company does that in the tech hackathons.