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There were a lot of grammar mistakes, and some of the words were wrongly structured like in some places astronauts was written as astronauts, and more of the problem like these are solved now. |
Clarevoyance (talk | contribs) m →History: changing to US spelling for consistency |
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Topcoder was founded in 2001 by Jack Hughes, Chairman and Founder of the Tallan company.<ref name=":0" /><ref name="HuffPost-foudning" /><ref name=":1" /> The name was spelt as TopCoder before 2013. Originally, Topcoder ran regular competitive programming challenges, known as Single Round Matches or "SRMs". Each SRM was a timed 1.5-hour algorithm competition, in which contestants competed against each other to solve the same set of problems. The target audience was secondary and university or college students. Cash prizes ranging from $5,000 to $10,000 per match were secured from corporate sponsors and awarded to tournament winners to generate interest from the student community.<ref name=":0" />
As the community of designers, developers, data scientists and competitive programmers involved in Topcoder grew, the company started to offer software development services to 3rd party clients, contracting individual community members to work on specific tasks; though most of the revenue still came from consulting services provided to clients by Topcoder employees.<ref name=":0" /><ref name=":1" /> From 2006 onwards, Topcoder also held design competitions, thus offering design services to their clients.<ref name=":0" /> In 2006 Topcoder also started to
In an attempt to optimize expenses, in 2007-08 Topcoder introduced new competition tracks, and delegated more work from its employees to the community. By 2009 the size of Topcoder's staff had been reduced to 16 project managers servicing ~35 clients, while the community did most of the actual work via crowd-sourcing. Topcoder representatives claim that at this point their community had about 170k registered members, and the company's annual revenue was approximately $19m.<ref name=":0" /><ref name=":1" /><ref name=":5">{{Cite news|url=https://www.infoworld.com/article/2653445/applications/topcoder-eyeing-smb-market.html|title=TopCoder eyeing SMB market|last=Kanaracus|first=Chris|date=October 15, 2008|work=InfoWorld|access-date=April 4, 2018|archive-url=|archive-date=|dead-url=}}</ref>
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