This is not an inconsequential amount of cash, for sure. Especially at 18! Congrats! And a great write-up to boot. Just awesome. All that said an honest question: why would a company like Google not pay insane amounts of money for these kinds of bug finds? What would they pay their own people to find them? Seems like RCE on App Engine should be worth 100K+ and then some on top for giggles just because they can. Obvio…
My understanding of the pricing is that it's designed to make ethical behavior profitable enough that fewer people are tempted to sell the exploits on the black market, not necessarily to out-compete the black market entirely. I think this person's find is a great example - it's a resume-booster, a great experience, a very nice cash infusion, and helps, instead of hindering, their job prospects with future employers.