The TechCrunch20 conference has been going so well that Mike, Heather, and I have decided to awards a huge $50,000 prize to the best company to present. This will of course be decided by our amazing expert panel which includes a bunch of tech legends.

I’m really proud of what we’ve done in such a short period of time with the event and I really hope this becomes a huge event every year where entrepreneurs can demo new companies WITHOUT having to pay for their time on stage. I’ve always had a huge problem with conference payola, and to shift the model to not only paid, but add prize money in the first year is a dream come true.

If you haven’t bought a ticket yet I highly recommend registering for the event soon because a) this is going to sell out and b) the discount period ends on July 15th.

Mike’s post here. Conference website: http://www.techcrunch20.com/