Proof of Usefulness Report

Black Nova Venture Capital

Analysis completed on 2/2/2026

+33
Proof of Usefulness Score
You're In Business

Black Nova Venture Capital is a legitimate Australian VC firm managing roughly $50M AUD across funds with a portfolio of ~34 startups. However, this submission suffers from critically poor data quality. The claims that the audience is 'everyone' and that 'most people have used my product' are objectively false for a niche B2B VC fund. While the underlying entity has verifiable utility and traction (e.g., Offer Fit exit), the submission fails to accurately represent it, resulting in a low score due to the penalization of unsupported and exaggerated claims.

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Score Breakdown

Real World Utility+17.5
Audience Reach Impact+2.0
Technical Innovation+0.75
Evidence Of Traction+5.0
Market Timing Relevance+6.0
Functional Completeness+0.25
Subtotal+31.5
Usefulness Multiplierx1.05
Final Score+33

Project Details

Project URL
http://blacknova.vc
Description
Black Nova Venture Capital believes there is significant upside to investing in startups creating exceptional solutions to common everyday problems. Problems that are a thorn in the side of progress in tech-enabled sectors such as; the future of work, governance, regulatory, security and productivity. We believe that we’re uniquely placed to leverage our experience investing in, building and scaling B2B SaaS companies. The Fund will be utilising a holistic and measured approach to review, qualify, negotiate and manage a portfolio derived from the core team’s deal flow, skills and experience, in alliance with the General Partner’s library of “always evolving” proprietary playbooks with the support of its partner organisations Black Nova Group and digital agency Experience Digital.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline