YouNoodle Is A Terrible Idea
altgate.com
YouNoodle Is A Terrible Idea
1–10 of 25 posts
Re: YouNoodle Is A Terrible Idea
#2I am naturally skeptical of unknown people asking for details that belong in the business plan. If you're a potential investor, I don't mind sending you the plan, and without an NDA, but for random sites to ask for such details just seems wrong. Moreover, I think that any business owner who gives in to such requests is either desperate or stupid.
I applied to thefunded.com at some point, and they asked for those kinds of details too. I'm not quite sure what they offer in return for all this confidential information, and actually, the fact that they ask for it and that their members have all given it kind of rules them out as a community worth belonging to, imho - full of "entrepreneurs" who are either desperate or stupid.
Would love for someone to contradict me and let me know what I've missed out on by not sending our business plan to be reviewed by unknown parties at thefunded.com.
Re: YouNoodle Is A Terrible Idea
#3I am naturally skeptical of unknown people asking for details that belong in the business plan. If you're a potential investor, I don't mind sending you the plan, and without an NDA, but for random sites to ask for such details just seems wrong. Moreover, I think that any business owner who gives in to such requests is either desperate or stupid. I applied to thefunded.com at some point, and they asked for those kind…
In the same spirit, someone should take one of those iPhone "Magic 8-ball" apps and have the app upload a sound recording from the moment the iPhone is tipped around for an answer. Then you could go to a site and listen to an internet radio stream of all the questions people are asking and using the iPhone to scry about.
Re: YouNoodle Is A Terrible Idea
#4I am naturally skeptical of unknown people asking for details that belong in the business plan. If you're a potential investor, I don't mind sending you the plan, and without an NDA, but for random sites to ask for such details just seems wrong. Moreover, I think that any business owner who gives in to such requests is either desperate or stupid. I applied to thefunded.com at some point, and they asked for those kind…
The giveaway is that some of the questions would be impossible to use in valuating a company. For example, how do you know the founders? And describe your product in words...
Re: YouNoodle Is A Terrible Idea
#5I am naturally skeptical of unknown people asking for details that belong in the business plan. If you're a potential investor, I don't mind sending you the plan, and without an NDA, but for random sites to ask for such details just seems wrong. Moreover, I think that any business owner who gives in to such requests is either desperate or stupid. I applied to thefunded.com at some point, and they asked for those kind…
The giveaway is that some of the questions would be impossible to use in valuating a company. For example, how do you know the founders? And describe your product in words...
"how do you know the founders" Is a very valid question. They are trying to measure your chances of success If you don't get along with the people you have to work with your chances are greatly reduced.
If your co-founder is a child hood friend chances are you know them very well. If you just met them at the WWDC a couple months back chances are they might be an ass.
Re: YouNoodle Is A Terrible Idea
#6Earlier quoted context omitted.
The giveaway is that some of the questions would be impossible to use in valuating a company. For example, how do you know the founders? And describe your product in words...
"how do you know the founders" Is a very valid question. They are trying to measure your chances of success If you don't get along with the people you have to work with your chances are greatly reduced. If your co-founder is a child hood friend chances are you know them very well. If you just met them at the WWDC a couple months back chances are they might be an ass.
obviously their historical data implies that as long as some people have known each for more than two years the exact number is irrelevant. So it probably doesnt matter if you ve known someone since childhood. This conclusion is derived from the options they give.
Re: YouNoodle Is A Terrible Idea
#7YouNoodle failed to use BCC when announcing the site to their beta signup list (I was curious...). There were about 120 other people on the email some of whom immediately started Replying to All. Ugh.
Thankfully, I used my gmail account.
Re: YouNoodle Is A Terrible Idea
#8Earlier quoted context omitted.
The giveaway is that some of the questions would be impossible to use in valuating a company. For example, how do you know the founders? And describe your product in words...
"how do you know the founders" Is a very valid question. They are trying to measure your chances of success If you don't get along with the people you have to work with your chances are greatly reduced. If your co-founder is a child hood friend chances are you know them very well. If you just met them at the WWDC a couple months back chances are they might be an ass.
The way they actually phrase the question is, "How do you know about this startup?" (I.e., not how do the co-founders know each other.)
Re: YouNoodle Is A Terrible Idea
#9YouNoodle failed to use BCC when announcing the site to their beta signup list (I was curious...). There were about 120 other people on the email some of whom immediately started Replying to All. Ugh. Thankfully, I used my gmail account.
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Re: YouNoodle Is A Terrible Idea
#10I think that if it were this easy to predict the success of a startup, VCs would have figured this out a long time ago. Applying for funding would involve filling out a simple form of variables to be plugged into a magical equation.
I don't think that this site accounts for the high probability of FAIL inherent in any startup. Probably just assumes that the company will continue along the growth path of previous SUCCESSFUL startups that were included in their historic data.