It doesn't seem to matter whether the economy is good or bad, the launching of innovative products on the Web continues unabated.
Take the beta launch today of BizEquity.com. BizEquity is a free online service that allows small businesses -- in this case those with less than $10 million in revenue -- to discover their estimated value and that of their competitors. It was unveiled today at DEMOfall 08.
Just for fun, we decided to take BizEquity for a spin. After quickly determining the Yankees were just over the $10 million revenue threshold, we typed in The Deal LLC. Up popped a Google map that accurately showed where The Deal is located in New York along with a valuation of $6.7 million. Not sure what the suits in the ivory tower would say about that or if they'll appreciate it being put in print. We'll take our chances.
The site was developed so businesses would have more information about their own companies, competitors or potential acquisitions or partnerships. It calculates valuations by aggregating publicly available and commonly accepted information from financial data reporting services and using its own financial modeling methodologies. More customized estimates are available for business owners who provide additional details about their business. The company stresses the valuations are estimates, providing only an "initial picture of what a small business might be worth."
BizEquity was founded by Tom Taulli (pictured), author of "The Complete M&A Handbook," and is funded by Advanta Ventures Inc., the venture arm of small business credit card provider Advanta Corp. - David Shabelman
See Sept. 8 press release from BizEquity
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Try the free business valuation tools at http://bizag.com/statistics and let us know what you think