Their marketing is also a bit misleading. The landing page claims to award/grant $120K to each team. However, until you get near the last question of the separ

Their marketing is also a bit misleading. The landing page claims to award/grant $120K to each team. However, until you get near the last question of the separate 'FAQ' page, there is no mention of equity exchanges or convertible debt financing, nor that $100K of the prize is optional and if chosen, require the team to take ongoing financial obligations to the sponsor(s).