XPRIZE

Companies should run XPRIZE-style bounties to get tools built for them

Shaan pitches that companies post a fixed bounty (e.g. Twitch offering $10M for the best live-streaming tool) instead of building in-house. Like the XPRIZE, where a $30M prize drew $100M of total investment from competing teams, the sponsor pays only a fraction of the value created and gets parallel teams racing to a spec.

“And why not just upfront say, hey, we'll give out $10 million to the team that could build the best live streaming tool that does A, B, C, and D. And you know, you have a year to do it.”

Steal thisPost a guaranteed bounty for a clearly-specced build and let multiple outside teams race to it instead of building in-house.