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Main Authors: Jafari, Seyed Mohammad Ali, Dehkordi, Ali Mobini, Chitsaz, Ehsan, Yaghoobzadeh, Yadollah
Format: Preprint
Published: 2025
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Online Access:https://arxiv.org/abs/2508.05491
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author Jafari, Seyed Mohammad Ali
Dehkordi, Ali Mobini
Chitsaz, Ehsan
Yaghoobzadeh, Yadollah
author_facet Jafari, Seyed Mohammad Ali
Dehkordi, Ali Mobini
Chitsaz, Ehsan
Yaghoobzadeh, Yadollah
contents The integration of Artificial Intelligence (AI) into startup evaluation represents a significant technological shift, yet the academic research underpinning this transition remains methodologically fragmented. Existing studies often employ ad-hoc approaches, leading to a body of work with inconsistent definitions of success, atheoretical features, and a lack of rigorous validation. This fragmentation severely limits the comparability, reliability, and practical utility of current predictive models. To address this critical gap, this paper presents a comprehensive systematic literature review of 57 empirical studies. We deconstruct the current state-of-the-art by systematically mapping the features, algorithms, data sources, and evaluation practices that define the AI-driven startup prediction landscape. Our synthesis reveals a field defined by a central paradox: a strong convergence on a common toolkit -- venture databases and tree-based ensembles -- but a stark divergence in methodological rigor. We identify four foundational weaknesses: a fragmented definition of "success," a divide between theory-informed and data-driven feature engineering, a chasm between common and best-practice model validation, and a nascent approach to data ethics and explainability. In response to these findings, our primary contribution is the proposal of the Systematic AI-driven Startup Evaluation (SAISE) Framework. This novel, five-stage prescriptive roadmap is designed to guide researchers from ad-hoc prediction toward principled evaluation. By mandating a coherent, end-to-end methodology that emphasizes stage-aware problem definition, theory-informed data synthesis, principled feature engineering, rigorous validation, and risk-aware interpretation, the SAISE framework provides a new standard for conducting more comparable, robust, and practically relevant research in this rapidly maturing domain
format Preprint
id arxiv_https___arxiv_org_abs_2508_05491
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Deconstructing the Crystal Ball: From Ad-Hoc Prediction to Principled Startup Evaluation with the SAISE Framework
Jafari, Seyed Mohammad Ali
Dehkordi, Ali Mobini
Chitsaz, Ehsan
Yaghoobzadeh, Yadollah
Computational Engineering, Finance, and Science
General Economics
Economics
The integration of Artificial Intelligence (AI) into startup evaluation represents a significant technological shift, yet the academic research underpinning this transition remains methodologically fragmented. Existing studies often employ ad-hoc approaches, leading to a body of work with inconsistent definitions of success, atheoretical features, and a lack of rigorous validation. This fragmentation severely limits the comparability, reliability, and practical utility of current predictive models. To address this critical gap, this paper presents a comprehensive systematic literature review of 57 empirical studies. We deconstruct the current state-of-the-art by systematically mapping the features, algorithms, data sources, and evaluation practices that define the AI-driven startup prediction landscape. Our synthesis reveals a field defined by a central paradox: a strong convergence on a common toolkit -- venture databases and tree-based ensembles -- but a stark divergence in methodological rigor. We identify four foundational weaknesses: a fragmented definition of "success," a divide between theory-informed and data-driven feature engineering, a chasm between common and best-practice model validation, and a nascent approach to data ethics and explainability. In response to these findings, our primary contribution is the proposal of the Systematic AI-driven Startup Evaluation (SAISE) Framework. This novel, five-stage prescriptive roadmap is designed to guide researchers from ad-hoc prediction toward principled evaluation. By mandating a coherent, end-to-end methodology that emphasizes stage-aware problem definition, theory-informed data synthesis, principled feature engineering, rigorous validation, and risk-aware interpretation, the SAISE framework provides a new standard for conducting more comparable, robust, and practically relevant research in this rapidly maturing domain
title Deconstructing the Crystal Ball: From Ad-Hoc Prediction to Principled Startup Evaluation with the SAISE Framework
topic Computational Engineering, Finance, and Science
General Economics
Economics
url https://arxiv.org/abs/2508.05491