# US 2021/0081965 A1 · Indexing entities based on performance metrics

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- Number: US 2021/0081965 A1
- Document ID: US20210081965A1
- Status: Published application
- Kind: A1
- Application number: 17/024,495
- Filed: 2020-09-17
- Published: 2021-03-18
- Earliest claimed: 2019-09-18
- Assignees: Iterate Studio, Inc.
- Applicants: Iterate Studio, Inc.
- Inventors: John Selvadurai
- Web page: https://patentgrep.com/patent/US20210081965A1

## CPC

- G06Q 30/0201: Market modelling; Market analysis; Collecting market data
- G06N 20/00: Machine learning
- G06Q 10/0635: Risk analysis of enterprise or organisation activities
- G06Q 10/06375: {Prediction of business process outcome or impact based on a proposed change}
- G06Q 10/06393: {Score-carding, benchmarking or key performance indicator [KPI] analysis}
- G06Q 10/06398: {Performance of employee with respect to a job function}
- G06Q 10/105: Human resources
- G06Q 40/06: Asset management; Financial planning or analysis
- G06Q 40/12: Accounting
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06N: COMPUTING ARRANGEMENTS BASED ON SPECIFIC COMPUTATIONAL MODELS

## Abstract

A method of comparing performance of a first entity and a second entity uses performance indexing based on comparable performance metrics. A first entity performance rate and a first growth ability for the first entity are determined based on a first plurality of entity characteristics for the first entity. The first performance rate and the first growth ability are weighted based of the first plurality of entity characteristics and a first entity index value is determined based on the weighted first performance rate and first growth ability. A comparison between the first entity and the second entity is generated using the first entity index value and a second entity index value for the second entity.

## Claims

### Claim 1

A method of comparing performance of a first entity and a second entity using performance indexing based on comparable performance metrics, comprising:
retrieving, by a processor, a first plurality of entity characteristics for the first entity;
determining, by the processor, a first entity performance rate for the first entity and estimating, by the processor, a first growth ability for the first entity based on the first plurality of entity characteristics;
weighting, by the processor, the first performance rate and the first growth ability based on one or more entity characteristics of the first plurality of entity characteristics;
determining, by the processor, a first entity index value based on the weighted first performance rate and first growth ability;
storing, in a database associated with the processor, the first entity index value and associated entity information; and
generating, by the processor, a comparison between the first entity and the second entity using the first entity index value for the first entity and a second entity index value for the second entity.

### Claim 2 (depends on 1)

The method of claim 1, wherein the first performance rate and the first growth ability are weighted based on an entity type of the first entity.

### Claim 3 (depends on 2)

The method of claim 2, wherein the second entity index value is generated based on a weighting of a second performance rate of the second entity and a second growth ability of the second entity, wherein the second performance rate and the second growth ability are weighted based on an entity type of the second entity.

### Claim 4 (depends on 3)

The method of claim 3, wherein the first entity type is different from the second entity type and wherein the first performance rate and the first growth ability are weighted differently than the second performance rate and the second growth ability.

### Claim 5 (depends on 2)

The method of claim 2, wherein determining the first performance rate comprises determining the ratio of total revenue generated from total funding over time when the first entity is a startup company.

### Claim 6 (depends on 2)

The method of claim 2, wherein determining the first performance rate comprises determining the ratio of net income to working capital when the first entity is an enterprise.

### Claim 7 (depends on 1)

The method of claim 1, wherein estimating growth ability comprises determining the ratio of revenue to number of employees.

### Claim 8 (depends on 1)

The method of claim 1, wherein weighting the performance rate comprises executing, by the processor, a logarithmic function on a performance influencing factor.

### Claim 9 (depends on 7)

The method of claim 7, wherein the first entity is a startup company, the performance influencing factor is the first entity's latest round of funding, and the logarithmic function is to the base 100.

### Claim 10 (depends on 7)

The method of claim 7, wherein the first entity is an enterprise, the performance influencing factor is the entity's equity capital, and the logarithmic function is to the base 10.

### Claim 11 (depends on 1)

The method of claim 1, wherein the first entity index value and the second entity index value are stored in an entity index value list, the entity index value list comprising a plurality of entity index values for diverse companies, wherein the diverse companies' performance abilities are comparable based on the respective entity index value.

### Claim 12

A method of connecting compatible entities based on a single indexing system, comprising:
retrieving, by a processor, one or more entity characteristics and an entity index value for an entity;
comparing, by the processor, the one or more entity characteristics and entity index value to stored entity characteristics and associated stored entity index values to determine one or more compatible entities, wherein the entity index value and stored entity index values are indicative of entity performance ability and incorporated in the same indexing system;
determining, by the processor, one or more compatible entities based on the comparison, wherein compatible entities have at least one compatible entity characteristic and similar performance abilities indicated by comparable entity index values within the indexing system; and
transmitting, to a user device, compatible entity data based on the determination.

### Claim 13 (depends on 12)

The method of claim 12, wherein the entity index value is a predicted entity index value for a future time.

### Claim 14 (depends on 12)

The method of claim 12, wherein the one or more entity characteristics include a risk assessment, and wherein compatible entities have compatible risk assessments.

### Claim 15 (depends on 12)

The method of claim 12, wherein the stored entity characteristics include performance of management teams.

### Claim 16

An entity indexing system for indexing diverse entities based on comparable health metrics, comprising:
a database storing entity information and associated entity index values, wherein the associated entity index values are comparable indicators of entity health;
a processing device; and
a computer readable medium containing programming instructions that, when executed, cause the processing device to:
receive entity information for an entity;
determine performance rate based on financial data associated with the entity information;
estimate growth ability based on the financial data and operational data associated with the entity information;
weight the performance rate and growth ability based on respective performance influencing factors and growth influencing factors associated with the entity information;
determine an entity index value for the entity based on the weighted performance rate and growth ability; and
store, in the database, the entity index value associated with the entity information for the entity.

### Claim 17 (depends on 16)

The entity indexing system of claim 16, wherein the performance rate and growth ability are weighted to account for the entity's operating time.

### Claim 18 (depends on 16)

The entity indexing system of claim 16, wherein the performance rate and growth ability are weighted based on the entity's size.

### Claim 19 (depends on 16)

The entity indexing system of claim 16, wherein the entity index value is determined using a machine learning model.

### Claim 20 (depends on 16)

The entity indexing system of claim 16, wherein the programming instructions further cause the processing device to generate a prediction of at least one future entity index value.