News for hackers. Stuff that matters.
Re:YouNoodle Startup Predictor now live to try it for yourself. by flipbrad on Thursday August 07, 2008 @07:49AM (#269542)
"Give us your sensitive data, we'll make you feel good and optimistic"

Preying on the vulnerability/need for validation of most startup founders?

Re:YouNoodle Startup Predictor now live to try it for yourself. by tlrobinson on Thursday August 07, 2008 @07:24AM (#269530)
I would be very cautious about giving a lot of this requested information (funding details, % ownership, etc) out to some random website...
Re:YouNoodle Startup Predictor now live to try it for yourself. by drusenko on Thursday August 07, 2008 @04:52PM (#269992)
Most of the information it requests is pretty generic. If you've raised a round and haven't announced it yet, then by all means, don't give it out.

However, for many startups, funding details will be public (and available via crunchbase or startupsearch) -- and generic ownership percentages can be pretty easily inferred. Asking whether investors own <10% or 10-40%, etc, isn't really saying much.

As for the rest of the information (mostly how the team relates to each other, their background, and previous work experience), I can't imagine this would be sensitive either, but if it is, by all means, don't give it out.

Re:YouNoodle Startup Predictor now live to try it for yourself. by dcurtis on Thursday August 07, 2008 @07:38AM (#269536)
It's not random. It's funded by Founders Fund, Peter Thiel, and Max Levchin.
Re:YouNoodle Startup Predictor now live to try it for yourself. by flipbrad on Thursday August 07, 2008 @07:47AM (#269540)
does that lend weight to, or subtract from, his warning?
Re:YouNoodle Startup Predictor now live to try it for yourself. by fiaz on Thursday August 07, 2008 @07:35AM (#269535)
Has anybody tried entering the details for a 1990s dot.com to see what kind of valuation you get?
Re:YouNoodle Startup Predictor now live to try it for yourself. by demandred on Thursday August 07, 2008 @07:20AM (#269527)
YN wants the data -- not sure they really care about making an (accurate) prediction. Foolhardy exercise to fill in the information.
Re:YouNoodle Startup Predictor now live to try it for yourself. by babul on Thursday August 07, 2008 @08:08AM (#269552)
On a side note, and without wanting to be negative, at times I am not really sure they care about many things apart from growing really fast and getting momentum/exposure/traction (which is understandable).

You can gauge how much they (or anyone for that matter) care by the response you get when you try and engage with them. In this respect, my past experience has not been good (no response to emails/queries/etc), but maybe that is because I am not significant to them as an individual.

When I compare this to the engaging experiences I find with many YC start-ups (http://www.socialbrowse.com springs to mind) and others (e.g. http://www.huddle.net and http://www.freshbooks.com), the difference is night and day.

Maybe this is just my experience. Still, I’d be more likely to provide sensitive information to sites I trust and that seem to ‘care’.

Re:YouNoodle Startup Predictor now live to try it for yourself. by kirill on Thursday August 07, 2008 @08:29AM (#269569)
Babul - we aim to respond to every email and query, sorry to hear your experience. Feel free to email me: [email protected] with more details and if you think we didn't cover any particular issue properly. Thanks.
Re:YouNoodle Startup Predictor now live to try it for yourself. by babul on Friday August 08, 2008 @03:25PM (#270935)
Sorry for delay in response. Just saw this. We resolved what we needed to by other means, but thank you for the offer. :)
Re:YouNoodle Startup Predictor now live to try it for yourself. by dcurtis on Thursday August 07, 2008 @07:05AM (#269517)
Considering that about 70% of startups fail, shouldn't this actually give you a negative valuation most of the time?
Re:YouNoodle Startup Predictor now live to try it for yourself. by sdpurtill on Thursday August 07, 2008 @07:38AM (#269537)
You can always sell the laptops back on eBay, right?
Re:YouNoodle Startup Predictor now live to try it for yourself. by mixmax on Thursday August 07, 2008 @07:06AM (#269519)
My unlaunched startup which I work on part-time will apparently be worth $10 million in 2011. maybe I should start working on it full time :-)
Re:YouNoodle Startup Predictor now live to try it for yourself. by c3o on Thursday August 07, 2008 @07:28AM (#269533)
Some feedback:

* The connections-drawing tool is somewhat broken: First it wouldn't show for me at all ("Loading..."), and then when I wanted to correct something, the eraser didn't remove the lines (although I think it did invalidate them, because I could draw new lines on top of the old ones)

* Entering team details is very tedious when every single question is on its own page. I got tired of clicking next, and would very nearly have quit the process there.

Re:YouNoodle Startup Predictor now live to try it for yourself. by sdpurtill on Thursday August 07, 2008 @07:55AM (#269545)
I can't figure out what's wrong with the flash not loading - several people have reported this now. Can one of you guys hack it and reply with the answer? I'll buy you a pizza (no seriously, I will)
Re:YouNoodle Startup Predictor now live to try it for yourself. by drusenko on Thursday August 07, 2008 @04:49PM (#269989)
Is just loading... on mine as well (and I gave it plenty of time). User agent is: Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.1) Gecko/2008070206 Firefox/3.0.1 FirePHP/0.1.0.3

I also have Firebug 1.2.0b4 installed.

Re:YouNoodle Startup Predictor now live to try it for yourself. by sanj on Thursday August 07, 2008 @10:11AM (#269633)
Seriously, pizza? Please!

Cash!

Re:YouNoodle Startup Predictor now live to try it for yourself. by sanj on Thursday August 07, 2008 @02:36PM (#269866)
It seems a little hypocritical to downmod me and complain about business people taking advantage of hackers.
Re:YouNoodle Startup Predictor now live to try it for yourself. by sdpurtill on Thursday August 07, 2008 @06:53AM (#269512)
I built the majority of the survey, so if you see any bugs or have feedback reply to this. Thanks!
Re:YouNoodle Startup Predictor now live to try it for yourself. by Tichy on Thursday August 07, 2008 @08:10AM (#269555)
"YouNoodle's model is based on rigorous quantitative analysis of historical data and the application of the latest relevant theory"

Brilliant generic tag line.

Re:YouNoodle Startup Predictor now live to try it for yourself. by jfornear on Thursday August 07, 2008 @01:08PM (#269777)
My startup will apparently be worth $36 million in August 2011... total BS.

The entire YouNoodle process feels like a phishing scam.

Re:YouNoodle Startup Predictor now live to try it for yourself. by cperciva on Thursday August 07, 2008 @07:01AM (#269515)
Apparently my startup (tarsnap, online backups for the truly paranoid) will be worth $3.71M in September 2009. Given that I'm a sole founder and tarsnap is pre-revenue, I can only guess that YouNoodle is giving me very high marks for (a) having a doctorate from Oxford, and (b) having started university when I was 13 years old.

Of course, I'd be happy if YouNoodle was correct in their assessment... but if someone offered to buy tarsnap for $3.71M right now -- or offered to buy any fraction of tarsnap for a corresponding fraction of that amount -- I'd have no hesitation in accepting the offer.

EDIT: Yes, I do realize that the assessed value is effective a year from now -- but I still think $3.71M would be a generous amount to pay for tarsnap. Of course, tarsnap might take off faster than I expect...

Re:YouNoodle Startup Predictor now live to try it for yourself. by prakash on Thursday August 07, 2008 @06:26PM (#270084)
I understand where you are coming from. Some of those calculations might be based on, for a lack of a better term, VC math, meaning if you are in the process of raising a series A, the VC might value your company (pre-money) at say 4 million, give you a A round of 2 million and own 50% of the company.

BTW: When are you launching?

Re:YouNoodle Startup Predictor now live to try it for yourself. by cperciva on Thursday August 07, 2008 @07:13PM (#270113)
BTW: When are you launching?

Depends how you define "launching". I haven't got the accounting code written yet, so revenue is still a month or more away -- but if you mean in the sense of "providing a service which people want", tarsnap has been up and running for three months.

Re:YouNoodle Startup Predictor now live to try it for yourself. by prakash on Friday August 08, 2008 @04:28AM (#270375)
nice. good luck.
Re:YouNoodle Startup Predictor now live to try it for yourself. by rw on Thursday August 07, 2008 @06:07PM (#270066)
"Online backups for the truly paranoid" is something I've been wanting for a while now. Good luck!
Re:YouNoodle Startup Predictor now live to try it for yourself. by babul on Thursday August 07, 2008 @08:00AM (#269550)
These tools are really only as good as the information they are provided or access, and without looking at failure rates/reasons in the model do seem fundamentally flawed to me.

As mentioned by others, the results provided do look very optimistic (at least from what I can tell based on the values it provides for things I am involved with) and with refinement once they get the datasets will probably go down significantly in most cases.

Time will be the real judge. It will be interesting is to see what they predict and what actually happens in the next years. Hopefully they will provide this information (semi-)publically, but it seems unlikely.

Re:YouNoodle Startup Predictor now live to try it for yourself. by jonmc12 on Thursday August 07, 2008 @04:10PM (#269957)
I'm surprised no one else has asked what the valuation algorithm is yet.

Anyone ambitious enough to survey a set of Younoodle inputs and outputs so we can estimate the valuation formula?

Re:YouNoodle Startup Predictor now live to try it for yourself. by hooande on Thursday August 07, 2008 @07:06AM (#269518)
YouNoodle is busy...

We're experiencing lots of activity so we can't handle your request just yet. Please click the refresh button and try again.

scaling = fail

Re:YouNoodle Startup Predictor now live to try it for yourself. by sdpurtill on Thursday August 07, 2008 @07:25AM (#269532)
Appears to be a problem with our search index, we're on it ;)
Re:YouNoodle Startup Predictor now live to try it for yourself. by plusbryan on Thursday August 07, 2008 @03:00PM (#269895)
yeah, cause with twitter, scaling is a feature!
Re:YouNoodle Startup Predictor now live to try it for yourself. by dkasper on Thursday August 07, 2008 @07:01PM (#270107)
So,this may be a minor grievance, but why is the last name field white unlike the first name and email field even though it is required?
Re:YouNoodle Startup Predictor now live to try it for yourself. by helveticaman on Thursday August 07, 2008 @12:44PM (#269753)
I feel super iffy about completing the form.
Re:YouNoodle Startup Predictor now live to try it for yourself. by thenextweb on Thursday August 07, 2008 @08:20AM (#269560)
Trying my start-up now. Does take a lot of time to fill out everything...
Re:YouNoodle Startup Predictor now live to try it for yourself. by stats101 on Thursday August 07, 2008 @07:25AM (#269531)
My startup, InsideDesi (http://www.insidedesi.com), will apparently be worth 8 mill by 2011.