A computer predicted the success of Etsy, Spotify, and other major startups 8 years ago — and it's just generated a new list

 

July 30, 2017

Shashi Reddy, World Economic Forum

In 2009, Ira Sager of Businessweek magazine set a challenge for Quid AI's CEO Bob Goodson: programme a computer to pick 50 unheard of companies that are set to rock the world

The domain of picking "start-up winners" was — and largely still is — dominated by a belief held by the venture capital (VC) industry that machines do not play a role in the identification of winners.

Ironically, the VC world, having fuelled the creation of computing, is one of the last areas of business to introduce computing to decision-making.

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... Full Article.

Eccrine Co-founder and CSO Expands Applications for Sweat Technology

Eccrine Systems Mentioned Among 50 Most Promising Startups You've Never Heard Of