Proof of Usefulness Report

Carta

Analysis completed on 2/14/2026

+694
Proof of Usefulness Score
Category Standard

Carta is a verified 'unicorn' and industry standard for cap table management with ~$442M ARR and ~35,000+ startup customers. However, the submission quality is critically low (generic inputs, incorrect market cap data of '300M' vs actual ~$3.5B+). The score reflects the massive real-world scale and utility of the platform, penalized by a significant 'Response Quality' reduction and a 'Traction/Utility' quality adjustment due to the Jan 2024 secondary market data privacy scandal.

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Score Breakdown

Real World Utility+202.5
Audience Reach Impact+190.0
Technical Innovation+120.0
Evidence Of Traction+213.8
Market Timing Relevance+85.0
Functional Completeness+5.0
Subtotal+816.3
Usefulness Multiplierx0.85
Final Score+694

Project Details

Project URL
carta.com
Description
Carta is transforming the private marketplace. We connect founders, investors, and limited partners through software purpose-built for private capital. Trusted by 65,000+ companies in 160+ countries, Carta’s platform of software and services lays the groundwork so you can build, invest, and scale with confidence. Carta’s Fund Administration platform supports 9,000+ funds and SPVs, representing nearly $185B in assets under management, with tools designed to enhance the strategic impact of fund CFOs. Carta has been included on the Fortune Best Large Workplaces in Financial Services and Insurance and Best Workplaces in the Bay Area lists, Forbes’ list of the World's Best Cloud Companies, Fast Company's Most Innovative list, Inc.'s Fastest-Growing Private Companies list, and is certified as a Great Place to Work for 2025-2026 (3 years running!). For more information, visit carta.com.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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