AI Enhances Startup Pitching

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Technology

Experts raise red flags regarding new AI startup evaluation tool

Summary

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74% Informative

Crunchbase has announced a new AI tool that could change the ways that venture capitalists evaluate startups.

Crunchbase claims that its new AI engine can forecast startup events at a 95% accuracy rate.

But some experts advise investors to approach it with caution, saying it is extremely difficult to predict future business events with so much accuracy.

Even those who don't see the 95% figure as being inaccurate, note that it poses limitations for evaluating startups.

The Crunchbase model likely won't be able to assess the magnitude of a startup’s success, CEO of High Alpha Innovation says.

“It will be great at determining if a company is getting close to raising another funding round” he states.

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