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The startup review community is pretty rife and rampant given their subject’s particular fecundity. None however, have looked to AI to make predictions about the fate of other startups, that is none until YouNoodle. Started by two former Oxford students, YouNoodle seeks to enrich the venture capital sector by using formulas and other relevant data to foresee how much a company will be worth in three years. Besides the startup predictor, there are startup profiles, events and even competitions. You can register with YouNoodle to get the latest news on hot new startups and to promote your own startup and build up your network. The startup predictor will be released freely, however a more complex and powerful version for investors will come with a price tag. Of course, the success of YouNoodle’s predictions relies on its own success. If they’ve managed to successfully predict their own rise, then perhaps they really are above the rest.
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“YouNoodle is a place to discover and support the hottest early-stage companies and university innovation. We provide business competition, events, and mailing list features for real-world startup communities.”
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| Why it might be a killer | |||
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This is an interesting proposal. If YouNoodle really can automate the prediction process, they’d pretty much out do the venture capital market. Or at the least, they’d become a highly sought asset.
The AI factor would rule out estimates and gut feelings, ultimately making for a good index. All in all, quite fascinating.
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| Some questions | |||
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How does their algorithm work? Do these people have a solid background in investment, and not just in programming and design? Given the fact that venture capitalists aren’t given to making the right picks, will their predictor be able to do any better? And if so, why not come up with a startup based on their predictions and bank on those instead of selling them to others?
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1 comments
| Category: Web 2.0 | tags:
predictions AI startups venture capitalists business younoodle
