I wonder if a good standard rule for prizes is that you want a marketing budget which is at least 10-20% the size of the prize pool, for buying ads on podcasts ML researchers listen to or subreddits they read or whatever. Another idea is to incentivize people to make submissions publicly, so your contest promotes itself.
I wonder if a good standard rule for prizes is that you want a marketing budget which is at least 10-20% the size of the prize pool, for buying ads on podcasts ML researchers listen to or subreddits they read or whatever. Another idea is to incentivize people to make submissions publicly, so your contest promotes itself.