Proof of Usefulness Report

EquityList

Analysis completed on 1/20/2026

+93
Proof of Usefulness Score
You're In Business

EquityList is a legitimate, verified B2B SaaS platform spun out of AngelList India, serving ~260 companies with ~$350k estimated revenue and $2.2M in seed funding. While the project itself demonstrates high real-world utility and solid early traction in a relevant market, the submission text provided ('WhisperKeeper', 'most people have used my product') was of extremely low quality and contained inaccuracies. The score reflects the strong underlying business fundamentals and verified external traction, weighed against the niche scale (low absolute user count compared to mass-market benchmarks) and the poor quality of the submission inputs.

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Score Breakdown

Real World Utility+27.0
Audience Reach Impact+8.0
Technical Innovation+9.75
Evidence Of Traction+24.0
Market Timing Relevance+8.5
Functional Completeness+0.5
Subtotal+77.75
Usefulness Multiplierx1.2
Final Score+93

Project Details

Project URL
Description
EquityList is building a full-stack equity management platform for startups across India, Singapore, and US. 200+ companies manage their cap table, ESOP/SAR, data rooms and more!

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