You have a day job. But you're on the look out for something to spend a bit of time on in your spare time.
You have a chance to spend a few hours putting together a prototype of something and winning $50,000 for your efforts. Even runners up could get $10,000. It doesn't require a full-time commitment to do. So the risk/reward ratio (a few hours vs $50K) is there for you to do this.
Let's say you have a clever idea and spend 10 hours during your spare time putting a prototype together.
Is 10 hours of your time worth a decent shot at $10K or $50K? That's $5,000 an hour or $1,000 an hour. And assume you are up against 10-15 other clever people, so rank your odds of that accordingly.
You have a day job. But you're on the look out for something to spend a bit of time on in your spare time.
You have a chance to spend a few hours putting together a prototype of something and winning $50,000 for your efforts. Even runners up could get $10,000. It doesn't require a full-time commitment to do. So the risk/reward ratio (a few hours vs $50K) is there for you to do this.
Let's say you have a clever idea and spend 10 hours during your spare time putting a prototype together.
Is 10 hours of your time worth a decent shot at $10K or $50K? That's $5,000 an hour or $1,000 an hour. And assume you are up against 10-15 other clever people, so rank your odds of that accordingly.
That's the question. Only you can answer.