LAUNCH Conference Tops $1M In Prizes

The LAUNCH Conference, the technology startup launch conference organized by Mahalo CEO Jason Calacanis, has just surpassed $1 million in prizes, Calacanis said Tuesday afternoon. The conference--which has been stacking up prizes all month--said that angel investor and entrepreneur Bill Lee has committed to invest $100,000 as part of the conference, bringing the total prizes to $1,039,000 in prizes and investments for companies presenting at the event. LAUNCH is an alternative startup launch event which Calacanis founded, after parting ways with TechCrunch founder Michael Arrington over TechCrunch50. The conference runs Wednesday and Thursday in San Francisco. Calacanis heads up web search site Mahalo, as well as running video podcasting enterprise This Week In, and is also an angel investor.