YouNoodle Thinks AI Can Predict Startup Success
The site opens to the public today, and they chose the NY Times to pitch their product:
Kirill Makharinsky, 21, and Bob Goodson, 27, call their software a “start-up predictor,” and they say their company, YouNoodle.com, might give an edge to venture capitalists and other investors trying to decide whether to sink money into an early-stage company.
“We don’t want to replace investors,” Mr. Goodson said. “We simply believe that industries of comparable size have utilized artificial intelligence to inform decision-making.”
“Give us some information, and we’ll give you some idea of what the company will be worth in five years,” he said.
Call me a little skeptical, but I’ve been pitched AI that will predict the results of horse races for years, and ASIC warns against them.
Having said that, this quote is not inaccurate:
Paul S. Kedrosky, a venture capitalist and the author of the Infectious Greed blog, said that his industry was indeed inefficient at picking winners; typically, 90 percent of venture investments are not home runs.
It sounds interesting, but what do you think?
- Neither
- VCs
- Both
- Artificial Intelligence
Total Votes: 1215
Started: February 18, 2008