YouNoodle.com is a something of a social networking platform for entrepreneurs, and they’ve developed an algorithm that predicts what a startup company will be worth 3 years down the road. Curious how a computer program could estimate the value of something so volatile and with so many factors, I gave it a shot.
First, YouNoodle asked a short series of questions about me: age, education, work experience, etc. These were very specific, down to what college I attended and what my major was. Then, they wanted to know about the business: how long it’s been running, revenue, growth, etc. No business plan, no SWOT analysis, just a quick questionnaire. And then they spit out a number.
$1.95 million.
According to YouNoodle’s startup valuation tool, my company will be worth almost $2 million in 2011. And who am I to say that’s outrageously high? They’re the ones with the fancy predictor algorithm.
So I think I’m going to start entertaining some buyout offers. Any takers?
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Tags: Entrepreneurship, inspiration
Hey Nick…
Thanks for the great tip! 2 million… I bet with a little insight we could easily get that to 4-6 mil.
Best,
Marcelle
Hey, don’t forgot your poor SEO consultant when you sell! Maybe toss a few percentage points my way… ;)