So i have been taking a look at younoodle lately, I find it very interesting, one of the things i like about it is that i am able to see a lot of start-up/entrepreneurs all at one place which i think is pretty cool, for those of you that have never heard of the company or what they do, put it this way.
Younoodle is a platform that provides a network for small businesses, mostly start-ups i would say, it uses mathematical models to predict the success of a new business based on information about its concept, finances, founders and advisers. The results include an estimate of the company's expected value after three years.
The company got some serious and solid investors on board such as Max Levchin from slide.com and PayPal co-founder peter Thiel.
In August 2008, YouNoodle predicted that its own value in 2010 would be $96 million
Although the site has got mixed response from the press, Michael Arrington had a bit to say about it.
Is it really possible for a website to be able to predict a start-up’s future? Don’t we already have LinkedIn for entrepreneurs or should i professionals/business owners?
I guess they will have to prove to everyone that they can predict the success of a start-up.
They got some pretty cool people involved in younoodle such as Bob Goodson, Kirill Makharinsky and Rebeca Hwang.
I am very optimistic about the success of the company, although i am still very curious on how the predictions will work accurately or at least 90% or how they will be able to convince the right people that it is possible.