Still 2 previous Garage48 hackathon teams have won investments from Seedcamp, the leading startup accelerator in Europe.
If even 1-2 teams from each event become real startups, that´s a big win. If not, people meet others and it often happens they start other projects after the event based on new ideas. Everybody wins.
Your phone would contain a radar with your distance to the flag, and to catch other players you'd tap a tag button on the app.
It was fun, and I could see the potential. There is still plenty of issues with GPS tech but they were doing some fine-tuning using wifi towers / etc.
In this case, you only looked down at your phone to view radar, otherwise you ran as normal, and that's (mostly) safe. :)
In the end I got to exercise some skills not often used, so the net gain was about neutral, but if I return for the next time, it will be with my own idea.