On March 3, the X Prize Foundation — they of the rocket plane — will have a fund-raiser at Google to announce the next phase of their entrepreneurial carnival. The event aims to scare up $50 million to operate the foundation, but it's also designed to seduce venture capitalists into funding future X Prizes. Details are murky as to how this might work, though allusions are made to chances at equity stakes in successful prize-winners in various technological fields. Some VCs and analysts are more than a little skeptical of the show, though there may in fact be an actual TV show involved with some of the categories. Oh reality television, is there nothing you can't do?

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