Has anyone else read this "Startup Challenge", by Snowflake? Peruse the "official rules" page.
My read is that the "Startup Challenge", by Snowflake, is a scheme/scam devised to achieve a singular goal: Generate new and varied intellectual property quickly, and of the upmost quality, all generated for free, and the derived value only God knows, but hundreds of millions in value for perpetuity is probably a low-ball guess.
The operation is couched under the guise of a "contest".
The challenge begins with numerous "contestants" (free labor) chosen after a rigorous application process.
"Contestants" compete against one another in "challenges" (novel ip generation).
"Winners" of "challenges" win by creating what is deemed to be the "best" and/or most "creative" solution by a panel of "judges".
The panel of "judges" who choose the "winners" (those who made the valuable new IP) are venture capitalists handpicked by Snowflake.
The scheme is literally perhaps the most highly efficient, fastest producing, and most valuable wealth generator that will continue to provide value for all time, ever conceived. It is a perpetual wheel of fortune generation and all labor and intellectual tasks are perform free of any cost.
There is so much to unpack, but I'm trying hard to keep this post short.
Like in every contest, it eventually ends, and what is left standing is the "winner". In this case, in this "contest", this particular winner wins -- nothing.
The text speaks of the "winner" of the "challenge" having a sit-down dinner with Snowflake and investors. It also states that Snowflake is not paying for that dinner. And that's a light teaser from me about what's in that text.
Please, read for yourself, and let us know what you think.
Has anyone else read this "Startup Challenge", by Snowflake? Peruse the "official rules" page.
My read is that the "Startup Challenge", by Snowflake, is a scheme/scam devised to achieve a singular goal: Generate new and varied intellectual property quickly, and of the upmost quality, all generated for free, and the derived value only God knows, but hundreds of millions in value for perpetuity is probably a low-ball guess.
The operation is couched under the guise of a "contest".
The challenge begins with numerous "contestants" (free labor) chosen after a rigorous application process.
"Contestants" compete against one another in "challenges" (novel ip generation).
"Winners" of "challenges" win by creating what is deemed to be the "best" and/or most "creative" solution by a panel of "judges".
The panel of "judges" who choose the "winners" (those who made the valuable new IP) are venture capitalists handpicked by Snowflake.
The scheme is literally perhaps the most highly efficient, fastest producing, and most valuable wealth generator that will continue to provide value for all time, ever conceived. It is a perpetual wheel of fortune generation and all labor and intellectual tasks are perform free of any cost.
There is so much to unpack, but I'm trying hard to keep this post short.
Like in every contest, it eventually ends, and what is left standing is the "winner". In this case, in this "contest", this particular winner wins -- nothing.
The text speaks of the "winner" of the "challenge" having a sit-down dinner with Snowflake and investors. It also states that Snowflake is not paying for that dinner. And that's a light teaser from me about what's in that text.
Please, read for yourself, and let us know what you think.
P.S. Chamath, you seeing this?