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goafrit
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Good idea for innovation
goafrit   11/6/2013 10:09:45 AM
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>> "The Early Stage Challenge," where 12 rising tech stars will compete for a single $100,000 award 

This is certainly novel. But for a really good GPU startup, $100k may not move needle for them to close designs and move to this event. $1M might have stimulated more interests. If software or apps, yes, $100k is a lot of money to entice people to come. For a design IC firm especially for GPU, this award may be low. Yet, who knows, some grad students with nice ideas could try - that depends if they can qualify as they may need only companies in this competition.

junko.yoshida
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Re: Good idea for innovation
junko.yoshida   11/6/2013 10:12:16 AM
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Yes, I agree, goafrit. Is it a marketing gimmick? Sure it is. But it is a damn good one, nonetheless, in my opinion.

Caleb Kraft
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Re: Good idea for innovation
Caleb Kraft   11/6/2013 10:17:14 AM
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Plus, people really want this because it is slightly easier to go get that 1M funding if you can brag about how you won Nvidia's popularity contest.

junko.yoshida
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Re: Good idea for innovation
junko.yoshida   11/6/2013 10:47:41 AM
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Goafrit, in fact, the whole point of giving out "only" $100,000 is probably because NVidia doesn't want to feed the company's next GPU chip competitor, isn't it.  But I guess that would be missing the point. A better scenario for NVidia is to find a start-up that is onto something...like developing more innovative ways to exploit their GPU technology. 

vvc0
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Well, if VC's are the Judges
vvc0   11/6/2013 3:05:35 PM
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Unless all the "contestants" are uniformly bad, having a set of VC experts as judges seems to almost guarantee the top contenders will find more than the grand prize after the contest.

goafrit
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Re: Well, if VC's are the Judges
goafrit   11/27/2013 9:06:36 AM
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I agree with you on that. Most times, it is not the prize money that matters but the buzz and reputation that come by winning. That is why many still run for public city offices even when they can afford to pay all the combined city officers.



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