YouNoodle Picks Winning Startups Through Artificial Intelligence, Networking
YouNoodle is a new startup that tries to automate a significant part of venture capitalists’ decision-making process. It uses artificial intelligence to predict if a startup is going to succeed in the future. They focus on factors such as the social and business networks and previous work experience of the founders which with other non-disclosed factors create the base for their Startup-predictor.
YouNoodle has created a social networking service around startups where entrepreneurs can post their startups that gain ‘followers’ (which, thanks to Twitter is the new must-have feature on any given site). It will also give out other free tools for entrepreneurs that are in the beginning stages of establishing their startups and use data from all these services to refine their algorithms.
The social network is in public beta as of today but the startup-predictor is not open to the public yet. A simple version will be free of charge.
[via NYT]
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