In the recent Venture Beat article ‘Venture capital picks up the moneyball strategy‘, they discuss a growing trend in moving towards a more quantitative analysis basis of venture capital investment decision making. The article does go someway to discuss some shortfalls in this strategy and presents one opposing voice.
Within the article is referenced the Startup Genome Project, which is the voluntary insertion of internet startup venture details into a database in order to be provided with benchmarks for the venture. I think this is a great idea and will be investigating it further. There is a Startup Genome Report which has been compiled by faculty-members at Stanford and Berkeley Universities (yes it is all U.S. based and whether it is U.S. limited or translates directly the Australian context is part of my further investigation).
To get the Startup Genome Report.