Disclaimer: What I share here is personal opinion and analysis and does not necessarily reflect my employer's position or opinion. I was not going to share any of this publicly.. until yesterday.

Update 01 Sept 2012: If you're interested in following this story further, please check out my site WhatIs3DayStartup.com where I cover this situation in more detail.

I go to a lot of hackathons. No seriously, a LOT of hackathons. So far this year, I've mentored and/or organized Trojan Hacks in LA, API Hackday Austin, Code across America, DrupalCon Denver, Austin Startup Weekend, HackMU, Lean Startup Machine, php|tek, Random Hacks of Kindness, Sphero World Tour, DC Startup Weekend eGovernment, and next week API Hackday Dallas.