The San Francisco Web site YouNoodle , which spotlights and supports networking for young businesses, is launching a tool they claim can predict how much money a new business will make. The Startup Predictor is available beginning today, and developers say start-ups can evaluate their earning potential by going online and answering a few questions. The Predictor will give the business a score out of 1,000 and a cash valuation based on three years of training.
TechCrunch is openly skeptical of this new tool, citing the fact that the Predictor was announced while still in development, but blogger Michael Arrington is open to the idea that it could be useful. VentureBeat mentions the site uses social network theory to get the job done, alongside a lengthy survey.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
