Is there prize money given with olympic medals?

There’s no pay from the IOC (International Olympic Committee) when they win a medal. But many countries Olympic committees pay their athletes for winning medals. Among them, The U.S., Russia, Canada, China & Italy and many more countries. $20K-$50K per gold medal is typical in bigger countries. The smaller countries actually tend to pay more, …

How Linkedin gets 20x more money per user than Facebook

Forbes has LinkedIn CEO Jeff Weiner on the cover—but the professional social network’s business model is the real hero of the story. Here are some of the amazing statistics Forbes’ George Anders reports: LinkedIn users spend an average of 18 minutes a month on the site. Facebook users spend 6.4 hours a month. But LinkedIn gets $1.30 in revenue …

A different kind gold rush – scientists pay for meteorites, $1,000 a gram

In the Gold Rush town of Rescue, Brenda Salveson, a wife and mother of two, read a local news article about the meteorites. The area scattered with them, about three miles wide and 10 miles long, included Henningsen Lotus Park, where she walks her dog every morning. She noted what to look for: a rock …

Talk is cheap…so make a Long Bet (for charity) to prove your prediction

Pronouncements about the future come easy. Even when made with an air of authority, they’re usually just cheap talk, rarely revisited. Only the tiny fraction that have proven correct tend to be remembered, when their authors want to take credit. But what if there were some cash at stake? The Long Bets Foundation, a new …

The Future of the Queue

For the 5th Ignite DC, Steve submitted a proposal. It was accepted and he was asked to present at the event. Below are the full text of the proposal and a video of the talk. – Proposal Have you been to an Apple store lately and noticed that nobody is queuing? Their are no cash registers, …