Proof of Usefulness Report

Netcapital

Analysis completed on 1/26/2026

+318
Proof of Usefulness Score
Certified Problem Solver

Netcapital is a verifiable, publicly traded (NASDAQ: NCPL) equity crowdfunding platform, which provides significant 'Real-World Utility' and regulatory legitimacy. However, the project submission contains major inaccuracies (claiming 500+ employees vs. actual ~25; launch date 2008 vs. actual ~2014; revenue as 'marketcap'). Financially, the company is in distress with revenue declining ~90% YoY (Fiscal 2024) and operating losses. While the platform functions and has processed millions in capital, the combination of declining business health and a low-quality, hyperbolic submission ('most people have used my product') significantly suppresses the score relative to a thriving entity. The score reflects established infrastructure weighed down by poor current performance and submission integrity.

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Score Breakdown

Real World Utility+150.0
Audience Reach Impact+50.0
Technical Innovation+60.0
Evidence Of Traction+87.5
Market Timing Relevance+40.0
Functional Completeness+10.0
Subtotal+397.5
Usefulness Multiplierx0.80
Final Score+318

Project Details

Project URL
Description
Netcapital is a new way for friends, family, and customers to invest in companies—and for companies to raise money by building communities.

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