Growth5 Blog

Sunday, February 22, 2009

Links: Sunday, February 22, 2009

Venture Capital

1. YouNoodle is an online platform for startups, early-stage ventures and the world's top entrepreneurship clubs and competitions. They follow 27,000 startups and provide a score for each based on traction, activity and buzz.

Are traction, activity and buzz enough to predict the success of a startup? We shall see.

Startup Predictor
is "the first in a series of decision-making tools YouNoodle plans to introduce for the startup industry. The YouNoodle development team studied thousands of current and past startups, using both publicly available and proprietary data, to determine patterns of predictive factors for early-stage companies' success."

This tool attempts to predict what a startup will be worth in three years. Sight unseen we could all probably predict what most of them will be worth in three years, but that wouldn't be much fun would it?

2. World of Good raises $1.1 million for socially conscious shopping. The company promotes small artisans in developing countries that are certified as meeting environmental and ethical standards.

Innovation

3. An iPhone app called WhatTheFont allows you to upload an image displaying a font then uses a database to return various possible matches. For the non-iPhoners out there, you can use the MyFonts site for the same purpose. Early reviews are promising.

4. Fast Company ranks the Top 10 Most Innovative Companies in Web 2.0. The top 3: Google, Facebook, Digg....#10 Kayak.

Entrepreneurs

5. So, You Want to Be an Entrepreneur. An excellent article from the WSJ that asks ten questions to see if you have what it takes. If I had to pick just two of them to ask a potential entrepreneur, they would be:

#5. Are you comfortable making decisions on the fly with no playbook? and
#9. Are you a self-starter?

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