Proof of Usefulness Report

First Dollar

Analysis completed on 1/21/2026

+328

Proof of Usefulness Score

Certified Problem Solver

First Dollar is a legitimate, high-traction health infrastructure company (Series A, $14M+ funding) providing 'software-defined benefits' (HSAs, FSAs). However, the project submission itself was of extremely low quality (user 'MysticShade', false claims of 'everyone' as audience, lazy descriptions). The score reflects the high real-world utility and verified traction of the actual company, heavily penalized by the low quality factors of the submission data.

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Score Breakdown

Real World Utility+115.0

Audience Reach Impact+75.0

Technical Innovation+63.75

Evidence Of Traction+56.25

Market Timing Relevance+45.0

Functional Completeness+1.25

Subtotal+356.25

Usefulness Multiplierx0.92

Final Score+328

Project Details

Project URL

firstdollar.com

Description

First Dollar is the health wallet for member-first plans. We power software-defined benefits that people love to use. First Dollar is founded by Jason Bornhorst and Colin Anawaty, who previously sold a care management platform to athenahealth.

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