Proof of Usefulness Report

ModernLoop

Analysis completed on 1/25/2026

+645
Proof of Usefulness Score
Category Standard

ModernLoop is a high-potential Series A company backed by Accel, addressing a critical pain point in recruiting operations. Verified customers include unicorns like Instacart, Ramp, and Benchling, demonstrating significant market traction and utility. However, the specific form submission contained low-quality, lazy, or inaccurate data (e.g., 'audienceReach: everyone', 'technologies: consumer-goods', 'Evidence: most people have used my product'), which contradicts the verifiable success found in the project description and external search. The score reflects the company's strong real-world fundamentals, heavily penalized by the poor quality of the specific submission fields.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+75.0
Technical Innovation+112.5
Evidence Of Traction+161.0
Market Timing Relevance+80.0
Functional Completeness+5.0
Subtotal+658.5
Usefulness Multiplierx0.98
Final Score+645

Project Details

Project URL
Description
ModernLoop helps companies automate and streamline recruiting operations to deliver the best hiring experience. In 2022, the Department of Labor estimates a global talent shortage of 40 million workers, which is expected to grow to over 85 million by 2030. For companies to win the war for talent, they need to provide a best-in-class candidate experience to recruit top talent, and our product aims at doing just that!\n\nOur founders, Lydia Han (CEO) and Chris Triolo (CTO) founded ModernLoop in December of 2020 after they saw the challenges recruiting teams had when coordinating virtual interviews. Recruiting teams are coordinating hundreds of interviews across various teams, departments, and time zones, all while working to ensure an excellent hiring experience in a dynamic and fast-paced labor market. After spending 15+ years at companies such as Facebook, Brex, Slack, and Salesforce, they understood what it took for recruiting teams to grow their organizations successfully!\n\nLydia and Chris have built ModernLoop to serve companies of all industries and sizes to help recruiting teams interview candidates quicker, easier, and more efficiently! By creating a platform that caters to an excellent hiring experience, we’ve partnered with recruiting teams at companies like Benchling, Ramp, and Chainalysis to scale their teams and are continuing to partner with more companies to improve their team’s recruiting process.\n

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