Are YouNoodle’s Startup Valuations Worth Anything?

Because SitePoint is home to the Marketplace, one of the web’s leading places to buy and sell web sites, startup valuation is something that we’re very interested in. Today, a new valuation tool launched called the YouNoodle Startup Predictor that gives predicted startup valuations three years out. How do they do it? And are the valuations worth anything? YouNoodle’s main business, according to the About page, is providing a platform that helps entrepreneurship clubs to “manage business competitions, events, mailing lists and community development.” YouNoodle has deployed their tools to clubs at over 50 universities. The site is also building a social network for entrepreneurs, and their first public tool is the much-hyped “Startup Predictor,” which predicts startup values 3 years into the future. “This is the first time... [read full story]