DPC News

WEF | Business | Healthcare | “A computer was asked to predict which start-ups would be successful. The results were astonishing”

21 Jul 2017 | By Shashi Reddy Chief of Staff, Quid

Nearly eight years later, the magazine revisited the list to see how “Goodson plus the machine” had performed. The results surprised even Goodson: Evernote, Spotify, Etsy, Zynga, Palantir, Cloudera, OPOWER – the list goes on. The list featured not only names widely known to the public and leaders of industries, but also high performers such as Ibibo, which had eight employees in 2009 when selected and now has $2 billion annual sales as the top hotel booking site in India. Twenty percent of the companies chosen had reached billion-dollar valuations. To contextualize these results, Bloomberg Businessweek turned to one of the leading “fund of funds” in the US, which has been investing in VC funds since the 1980s and has one of the richest data sets available on actual company performance and for benchmarking VC portfolio performance.

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SOURCE: https://www.weforum.org/agenda/2017/07/computer-ai-machine-learning-predict-the-success-of-startups/

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