Proof of Usefulness Report

ModernTax

Analysis completed on 1/25/2026

+628
Proof of Usefulness Score
Category Standard

ModernTax is a verified, high-traction B2B fintech company (YC W21, ~$5.7M est. revenue, 112+ enterprise clients) providing real-time tax data APIs. However, the project submission itself is of extremely low quality, containing hyperbolic and false claims (e.g., 'most people have used my product', 'audience: everyone') and missing key data. The high score reflects the verified reality of the business's utility, innovation, and traction, significantly penalized in the 'Response Quality' and 'Audience Reach' categories due to the poor submission standards.

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Score Breakdown

Real World Utility+220
Audience Reach Impact+40
Technical Innovation+127.5
Evidence Of Traction+200
Market Timing Relevance+85
Functional Completeness+2.5
Subtotal+675
Usefulness Multiplierx0.93
Final Score+628

Project Details

Project URL
Description
If the software is eating the world, why are taxes are eating 6 billion hours of taxpayers’, business owners, and tax professionals' time? ModernTax helps businesses access consumer-permission tax records in seconds not days and democratizes the access to financial data that makes up $3T in annual revenue for the IRS.

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