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> The winner and finalists may receive up to $1 million in investments from Snowflake nothing needs to be unpacked, it’s explicit. first the startups compete
by catchnear4321 3y ago
> The winner and finalists may receive up to $1 million in investments from Snowflake
nothing needs to be unpacked, it’s explicit.
first the startups compete for free, then the most successful one “gets” to receive investments.
this should reduce the risk for investors while providing lots of friendly optics for snowflake.
any assumption by a contestant that this competition is for the benefit of contestants is… an assumption made by a contestant. this release doesn’t seem to say anything about it being a good choice for contestants, just imply it heavily.
like shark tank, but less entertaining.
- windbag 3y agoPay closer attention to the exact language used throughout and the pervasive use of qualifiers like "may", etc. > the most successful one “gets” to receive investments. Not exactly. The "winner" may be given the "opportunity" to receive investment. Typing quickly so don't have the doc in front of me but can post exact wording later. Also, pay close attention to the language regarding the $4,500 "prize" granted to the "winner". It is not actual currency. It is "something" of equivalent value (which is not defined so could be ~$4,500 bushel of hay from a farm). Also, quick commentart: $400 credit for the entire program? LOL.