Proof of Usefulness Report

FiscalNote

Analysis completed on 1/21/2026

+653
Proof of Usefulness Score
Category Standard

FiscalNote is a highly established public company (NYSE: NOTE) with verified annual revenue exceeding $120M and over 4,000 enterprise clients, indicating exceptional 'Proof of Usefulness' in the regulatory intelligence sector. However, the submission quality was poor, containing hyperbolic claims (e.g., audience is 'everyone', 'most people have used my product') and data entry errors (listing market cap in the revenue field). While the entity's real-world scale warrants a high score (significantly above the calibration baseline), the final result is dampened by negative market sentiment (declining stock/growth) and the low effort of the submission.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+136.0
Technical Innovation+120.0
Evidence Of Traction+180.0
Market Timing Relevance+60.0
Functional Completeness+5.0
Subtotal+726
Usefulness Multiplierx0.90
Final Score+653

Project Details

Project URL
fiscalnote.com
Description
FiscalNote is a technology-powered global software data and media company that uses powerful machine learning to provide clients with the right policy information and insights, and at the right time so that they can better navigate market risk and uncertainty and maximize new opportunities.\n\nAs the premier hub of domestic and global information for more than 5,000 clients worldwide, FiscalNote’s tools, analysis, news, and award-winning journalism delivers context, clarity, and a competitive edge in a rapidly changing world.\n\nTo learn more about FiscalNote and its family of brands visit fiscalnote.com.\n\nFiscalNote has raised more than $230 million from prominent investors such as S\u0026P Global, The Economist Group, NEA, Mark Cuban, Jerry Yang, Steve Case, etc.

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