Proof of Usefulness Report

Foursquare

Analysis completed on 2/10/2026

+671
Proof of Usefulness Score
Category Standard

Foursquare is a verified industry leader in geospatial technology with massive B2B utility and reach (powering Uber, Twitter, etc.). However, the submission quality is exceptionally poor, containing vague claims ('most people have used my product'), informal data, and likely inaccurate financial/team metrics (e.g., $75M market cap is significantly below historical valuations). The high score reflects the undeniable real-world value and scale of the actual platform, heavily penalized by a low Response Quality score and a randomization factor accounting for the data inconsistencies.

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Score Breakdown

Real World Utility+270.0
Audience Reach Impact+180.0
Technical Innovation+120.0
Evidence Of Traction+190.0
Market Timing Relevance+75.0
Functional Completeness+3.75
Subtotal+838.75
Usefulness Multiplierx0.8
Final Score+671

Project Details

Project URL
Description
Foursquare is the industry leader in all things geospatial—from foundational building blocks to turnkey solutions. Think of us as the location layer of your tech stack. The world’s most recognizable enterprises rely on Foursquare to solve difficult geospatial problems and leverage the power of location intelligence. For marketers, our Attribution, Audience, and Proximity products help you drive the campaign impact that matters. Leading brands trust Foursquare to enhance audience targeting, optimize campaigns, and accurately measure real-world outcomes like store visits and sales. For data analysts, our Studio and Places products provide access to 100M+ high-quality points of interest, along with tools to analyze and visualize geospatial data at scale. For developers, our Movement SDK and Places APIs make it easy to build powerful location-based apps and experiences that drive customer engagement and revenue. Foursquare has offices in New York City, San Francisco, Seattle, Chicago, Serbia, and Singapore. Foursquare is proud to be funded by The Raine Group, Simon Ventures, Naver, Union Square Ventures, Andreessen Horowitz, DFJ Growth, Morgan Stanley Alternative Investment Partners, and more. Learn more at location.foursquare.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