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YouNoodle: Better Startup Valuation Through Algorithms?

August 11, 2008 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

On Tuesday, Michael Arrington from http://www.TechCrunch.com had a fascinating post about his experience playing around with a startup called http://www.YouNoodle.com , which tries to do for start-up funding what credit scoring did for personal lending.

Before the 1950s, lending depended on the wisdom and judgment of loan officers. Then, a company called Fair Isaac developed a way to use four simple variables to develop a credit score that reliably predicted the risk of lending to an individual. Using the approach could allow any individual to meet, if not exceed, the accuracy of a loan officer, whose judgment might be clouded by extraneous factors.

Posted by Scott Anthony

Full Story: http://discussionleader.hbsp.com/anthony/2008/08/younoodle_innovation_through_a.html

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