Most people who follow technology and business probably know about the $1,000,000 (that's one millions dollars) prize Netfilx awarded a team of folks for developing a better movie recommendation algorithm but did you know that there is another 1,000,000 prize out there waiting to be claimed?
Sunday, October 11, 2009
Since 1964 James Randi has had a cash prize for anyone who can prove the existence of paranormal activity. The reward started as $10,000 and over time has now grown to over $1,000,000 and while it has been challenged a few time it has never been awarded.
These two things, plus a conversation I had over dinner with a very well known social media author and practitioner got me thinking that we need a similar challenge in the Social Media space....why you ask?
Well, It is my belief that there hasn't been a new idea in Social Media in a few years and while that isn't necessarily a bad thing because essentially we are still in the very beginning of all of this it should be a slight concern since things that don't change and evolve tend to die off and become irrelevant.
So in an effort to kick start a movement that takes Social Media beyond the "Listen and Engage" stage I am putting up a cash prize of my own.
Send me your thoughts and ideas and lets figure out the next great discovery together...and if being a part of something cool isn't enough then do it for the money (as shown below...yes that is the whole prize for now)