Yu-kai Chou

So there’s this well-funded site called Younoodle.com which is a site that rates startups and what not. We got a 3 year valuation of $128M. Not too bad but we could probably do better. I would be pretty excited to test it out every 6 months and see if their estimation changes. This is how Techcrunch describes it:

“The company, which is funded by The Founders Fund, Max Levchin and Peter Thiel, uses detailed data about startups and a proprietary algorithm to make a guess on the likelihood of success of a startup. They even go so far as to estimate the value of the company three years out.

The key factors in determining likelihood of success are the team, financial factors, the concept and advisors. Details on the education, entrepreneurial experience and other information founder and key employee. The tool wants to know everything. For the founders, their age, education, previous startups (and how they did), and their long term relationship to the other founders. For the concept, YouNoodle gathers information on the business idea (probably extracting keywords for analysis), where it’s located, and lots of other data.”