The Social Times has received a valuation of $15.9 million, 3 years from now, according to a new tool that was launched today called YouNoodle. Is this tool completely accurate? Not really but I can always dream can’t I? The new tool which has received a fair amount of publicity today, enables internet startups to determine their valuation 3 years from now as well as how likely success will be.
I have yet to find a company that hasn’t received a great valuation, let me know if yours receives a low valuation. I went through and included that I had two previous failed startups. I’m not sure whether or not this provided a positive impact on the company’s estimate, but I filled out everything pretty accurately. At this point though, determining a valuation of a random business seems kind of like a crap shot.
It appears that the site also leverages data from social networks to determine the likelihood of future success of your company. Perhaps my contacts on LinkedIn helped me out for the $15 million valuation? However the system works, this tool is definitely inspirational for the every day entrepreneur looking to build their business. I definitely would have been disappointed had the startup predictor determine that my company would be worthless!
Try out the startup predictor yourself and let us know the valuations that it comes up with for your company. Read more about the YouNoodle on Techcrunch and Venturebeat.
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They don't ask for any financials except if you're pre-revenue or not. Very web 2.0 of them!
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