More accurate prediction of meeting tech plans by focussing on product development..
The Ship-It System intentionally excludes general business operations and market potential, leveraging founders’ and investors’ existing expertise.
Thanks to that focus, and a sophisticated and extensible mathematical model, the approach provides a clear, instant indicator of a technology firm’s development capabilities and growth potential.
Assess Product Development Fundamentals
Some Business Plan data is needed for the assessment step, plus responses to up to 50 categorical questions. These go far deeper than usual general business scoring systems but are easy for founders to answer and assessors to verify.
Use an abstract model, statistics and Bayesian Inference
The model is extensible so as new any measures arise to improve the assessment the structure remains intact. Similarly Bayesian Inference caters for additional statistics being applied.
Convert resulting probabilities of reaching plan to a Rating
Translating the success probability into the familiar ratings – AAA to D – is a trivial calculation. In addition to the rating is a level of assessment from auto-assessment to full audit.
See the Rating for what it is – a measure of confidence in development commitments
The rating serves as a confidence measure in a firm’s development plan and potential, with AAA ratings aiming to identify the high-potential ventures.