just adding my .02 cents. spend it or throw it away. I think the big purse is a great attention getter. But getting people to shell out $300 for an entry fee in a untested comp and organization might be tough. Why not cut the entry down around $100. Yes the purse might be lower but you will probably get twice the competiors and twice the action for the spectators because money will still be on the line.
I think its going to be tough to get the average joe that wants to start trying these type of events to come out and drop $300 unless they know they have a good shot at winning. Have a lower entry fee, put on a great event, everyone has fun, money is won, and everyone comes back the next year.
im in no way bashing your race. I would like to run it, im just trying to help you guys out.