Proof of Usefulness Report

IoT Hub Meetup

Analysis completed on 1/24/2026

+53
Proof of Usefulness Score
You're In Business

The project represents a legitimate, established professional community ('IoT Hub Meetup') with verified traction of ~4,200 members and 85+ past events, led by industry veterans in the IoT/Industry 4.0 space. However, the submission itself was of low quality, containing demonstrably false claims (e.g., 'most people have used my product') and ambiguous financial data ('marketcap: 500000'). While the community provides genuine utility for professionals in its niche, its scale (<5,000 users) and non-technical nature (community/events vs. software product) place it in the 'Minimal Traction' calibration tier compared to scalable technology platforms.

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Score Breakdown

Real World Utility+20.00
Audience Reach Impact+8.00
Technical Innovation+3.00
Evidence Of Traction+12.00
Market Timing Relevance+7.50
Functional Completeness+0.25
Subtotal+50.75
Usefulness Multiplierx1.04
Final Score+53

Project Details

Project URL
iothubmeetup.com
Description
We are a community of 4000+ Technologists, Industry Experts, Entrepreneurs, Corporate Innovators, and Investors who want to connect to connect, learn and share how the enabling technologies for the Internet of Things and Industry 4.0 will impact our lives, jobs, communities, and industries. Connect with our community and join the virtual discussion on the IoT Hub Meetup Discord server: • Discord (http://discord.gg/azZc6Ne) (http://discord.gg/azZc6Ne) Follow us on your favorite social media platform: • Facebook (http://www.facebook.com/IoTHubMeetup) (http://www.facebook.com/IoTHubMeetup) • Instagram (@IoTHubMeetup) (http://instagram.com/IoTHubMeetup)• • LinkedIn (http://www.linkedin.com/company/iothubmeetup/) (http://www.linkedin.com/company/iothubmeetup)• • Twitter (@IoTHubMeetup) (http://twitter.com/IoTHubMeetup) • YouTube (https://bit.ly/IoTHubMeetup-Youtube) (https://bit.ly/IoTHubMeetup-Youtube) (https://bit.ly/IoTHubMeetup-Youtube)• Check out our Job and Founder Network if you're looking for help, co-founders or your next gig: • Entreprenuers/Employers (https://bit.ly/IHM-JOBNETWORK-Form): https://bit.ly/IHM-JOBNETWORK-Form • Job/Co-Founder Seekers (https://bit.ly/IHM-JOBNETWORK-Sheet): https://bit.ly/IHM-JOBNETWORK-Sheet

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