Proof of Usefulness Report

Folklore Ventures

Analysis completed on 1/21/2026

+275

Proof of Usefulness Score

Gaining Momentum

The submission represents 'Folklore Ventures', a verifiable and established Australian VC firm with significant real-world utility and capital under management. However, the submission quality is extremely poor, featuring hallucinatory claims (e.g., 'most people have used my product', 'audience reach: everyone') and nonsensical data ('marketcap: null'). The score acknowledges the high intrinsic value of the entity but is heavily penalized for the invalid and low-effort submission details.

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Score Breakdown

Real World Utility+100.0

Audience Reach Impact+40.0

Technical Innovation+15.0

Evidence Of Traction+75.0

Market Timing Relevance+80.0

Functional Completeness+2.5

Subtotal+312.5

Usefulness Multiplierx0.88

Final Score+275

Project Details

Project URL

folklore.vc

Description

Folklore is a team of investors, founders, and builders committed to supporting Australian and New Zealand tech founders. We are a first cheque to forever investment firm, and we believe in the power of founder vision and the potential of teams, right from the start.

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