Proof of Usefulness Report

FreshBooks

Analysis completed on 2/10/2026

+604
Proof of Usefulness Score
Category Standard

FreshBooks is a well-established, market-leading accounting platform (Unicorn status, >$100M revenue) with immense real-world utility and reach. However, the project submission itself was of extremely low quality, containing hyperbolic claims (e.g., 'most people have used my product', 'audience reach: everyone') and vague technical details ('Computer Software'). The score reflects the massive verified reality of the FreshBooks business entity (comparable to the 'Much larger scale' calibration tier), significantly penalized by the 'Response Quality' and specific Quality Factors due to the lack of effort and verifiable data in the specific submission text.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+152.0
Technical Innovation+45.0
Evidence Of Traction+166.3
Market Timing Relevance+80.0
Functional Completeness+2.5
Subtotal+670.8
Usefulness Multiplierx0.90
Final Score+604

Project Details

Project URL
freshbooks.com
Description
FreshBooks is accounting software built for small business owners and accountants, proudly serving customers in more than 160 countries. We simplify invoicing, payments, and bookkeeping so business owners can focus on what they do best. We put our customers at the heart of everything we do. We are dedicated to helping businesses grow—whether they’re freelancers, entrepreneurs, or established teams—by equipping them with easy-to-use accounting and admin solutions that save them valuable time, enhance their workflows, and accelerate their cash flow. Accountants and bookkeepers rely on FreshBooks for accurate, efficient, collaborative tools that elevate services to their small-business clients and support practice growth. Join our team! We’re a Canada-based, equal-opportunity employer. At FreshBooks, your ideas make a real impact, and your growth is actively supported.

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