Proof of Usefulness Report

Lucid Software

Analysis completed on 2/8/2026

+718
Proof of Usefulness Score
Category Standard

Lucid Software is a verified market leader in visual collaboration (Lucidchart, Lucidspark) with a valuation of ~$3 billion and over 70 million users worldwide. The project demonstrates exceptional real-world utility, massive audience reach (99% of Fortune 500), and proven traction. However, the submission itself ('SwiftSpirit') was of poor quality, containing inaccurate data (e.g., 7,500 employees vs. actual ~1,300, confusing market cap for revenue) and lazy descriptions ('most people have used my product'). The score reflects the undeniable success of the underlying business, heavily penalized by the low quality of the specific submission application.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+237.5
Audience Reach Impact+190.0
Technical Innovation+120.0
Evidence Of Traction+237.5
Market Timing Relevance+85.0
Functional Completeness+5.0
Subtotal+875
Usefulness Multiplierx0.82
Final Score+718

Project Details

Project URL
lucid.co
Description
Lucid is a visual collaboration suite that helps teams see and build the future. Virtual whiteboarding, intelligent diagramming, and cloud visualization empower organizations to take plans from initial ideas to successful delivery. Together, they are utilized in over 180 countries by millions of users. Ninety-six percent of the Fortune 500 use Lucidchart, and customers include Google, GE, NBC Universal, and T-Mobile. Lucid’s partners include industry leaders such as Google, Atlassian, Amazon Web Services, Salesforce, and Microsoft. Since the Utah-based company’s founding in 2010, it has received numerous awards for its business and workplace culture. Since day one, the Lucid team has been scrappy, innovative, and wildly successful. The company holds true to its core values, including teamwork over ego, innovation in everything we do, individual empowerment, initiative, ownership, and passion and excellence in every area. For more information, visit lucid.co.

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