i3D Protocol: How we Score startups for Success!

Problem

When starting their companies, there is a reason that founders usually have to

• commit everything they personally have,
• rely on family & friends
• tap into Angel investors (who often do it for the fun of it), and
• rely on grant funding.

The above is a typical life cycle of funding before hitting the Crowdfunding platforms or VC’s for pre and Seed Capital.

Investors in Alpha or Early Startups rely on poor data and/or gutfeel. They rely on what they think of the idea, if they like the founders, how they think the market will accept their product, and so on and so on….

Call it what you like, but as is evidenced by the huge number of failures of startups the above methods are HIT & MISS

Solution

In the i3D Protocol (Intelligent Distributed Due Diligence) we have spent thousands of hours pouring over data on causes of failure and factors for success. Without a doubt, there are methods that point to a more scientific and accurate way of identifying probably successes from the millions of startups that are founded each year.

With the i3D Protocol we have proposed and developed a three score methodology to help de-risk the decision an investor must make:

1️⃣ AI Based Algorithm that immediately calculates a Technical Score based on key data uploaded. While this is still in early development phases the current advances in Large Language Models now means that we can ASK the right Questions and Contextualize the responses to obtain robust semantic reporting. As this model learns from datasets and human input it grows in its integrity. Here’s an example of a score:

2️⃣ A quick but Deep Dive into a project by an Inner Swarm of Experts where they follow a structured Question Set with Consensus being achieved through anonymous feedback on factors identified. As the protocol develops, these experts develop reputations as their scores achieve network consensus. Currently the protocol ‘invites’ experts through its newsletter, and they are rewarded once the analysis is completed. In time this process will achieve full automation.

3️⃣ The i3D Rapid mobile app which allows a much greater Outer Swarm of experts to Start Scoring & provide very fast sentiment feedback on an elevator pitch made by the Founders. A reward structure is in place to automatically reward the expert for their contribution. Here’s a glance of some of the features of the app:

Result

The final Result is a wieghted Score & Ranking of the project against other projects giving an investor the opportunity to review the 3 different scores, analyse commentary, review documents supplied by the founders, identify red flags, see opportunity, etc. Here’s one on the i3D Protocol which had feedback from:

• 22 Inner Swarm
• 60 Outer Swarm

What’s Next?

Our team is working hard on

• growing the network
• creating a standardised uploading platform for Founders/Investors/VC to submit projects
• Finalising reward mechanism using blockchain and token technologies
• turning our AI Algorithm into a more robust predicator of the future.

This powerful combination of AI, algorithms, and Crowd Consensus go a long way identifying potential hidden in the noisy world of startup investing.