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Re:Corporate Hackathons: The Fine Line Between Engaging and ... by olivier1664 on Monday January 21, 2013 @01:20AM (#5090208)
The "1:30 chance of winning $25k" means you work at around $1k per month as self managed develloper (in the US). It's just cheap.

It can be a goood deals for CS students that have some 3 weeks mandatory project to do for school.

Re:Corporate Hackathons: The Fine Line Between Engaging and ... by jalpino on Monday January 21, 2013 @08:38AM (#5091387)
Where do you get the $1k/month from?

Finalists are granted access to the API on Feb 11, 2013 and are required to submit their entries by March 1, 2013. Assuming that they also notify you as a finalist on Feb 11 and not before, that gives you 3 weeks to build and submit your prototype.

$25k / 3 weeks == $8,333.34 USD per week. That's a pretty good payout for anyone in my opinion.

Re:Corporate Hackathons: The Fine Line Between Engaging and ... by unreal37 on Thursday January 31, 2013 @12:45PM (#5146158)
Also, assuming that you're not spending 40 hours a week at this for all 3 weeks (120 hours). A working prototype can be made in 10-15 hours. Also the amount of time you spend on it is up to you.

So 1:30 shot at $50K, for a 15 hour investment? Up to you to decide.