Proof of Usefulness Report

Canvas Ventures

Analysis completed on 2/14/2026

+112
Proof of Usefulness Score
Gaining Momentum

The submission presents a major discrepancy: the project name 'IronForge' does not match the description and URL, which describe 'Canvas Ventures', a verified and established VC firm. While the entity (Canvas Ventures) is high-value with verifiable assets ($835M+ AUM) and Midas List leadership, the submission quality is extremely poor, containing inaccurate metrics (e.g., 'everyone' audience, nonsensical revenue/marketcap claims). The score reflects the high real-world traction of the actual entity, heavily penalized by the confused and low-effort submission.

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Score Breakdown

Real World Utility+22.50
Audience Reach Impact+13.60
Technical Innovation+3.00
Evidence Of Traction+35.63
Market Timing Relevance+9.00
Functional Completeness+0.25
Subtotal+83.98
Usefulness Multiplierx1.14
Final Score+96

Project Details

Project URL
canvas.vc
Description
Canvas Prime is an early-stage venture firm focusing on AI transforming digital health and fintech. The firm is led by Managing Director Rebecca Lynn, who has been on the Midas List five times. Canvas Prime invests in companies at the inflection point of growth, at the Series A and B, and partners leverage their go-to-market expertise to help them founders reach the next stage and beyond. For more information, visit us at www.canvas.vc

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