When you earn your keep vetting startups, it can come as a shock to hear someone say that the startup landscape isn’t as fully formed as it should be. The volume of companies sprouting up these days feels overwhelming at times. But my conversation with YouNoodle CEO Bob Goodson this morning put a new spin on the startup ecosystem. YouNoodle’s assertion is that, while there are plenty of ideas and companies floating around, there aren’t nearly enough being funded. That the entire entrepreneurial process could benefit from more efficiency, created in some part by computers.
YouNoodle launched last week to plenty of blog discussion, with everyone caught up in the idea of predicting the future. Goodson says that’s not exactly what the company is aiming for. (That’s a fine line to walk, though, in the hot field of prediction markets. When you claim the ability to valuate a startup three years in the future, you can’t blame journalists for going where they did.) Read the rest of this entry »
