Proof of Usefulness Report

Novy

Analysis completed on 2/3/2026

+43
Proof of Usefulness Score
You're In Business

Novy Ventures is a verifiable, legitimate venture studio in Iowa (founded 2023) focusing on healthcare software, with experienced leadership (ex-NewBoCo) and active pilot programs as of 2026. However, the submission itself is of critically low quality, containing demonstrably false placeholders (e.g., 'most people have used my product', 'everyone') and lacking specific data. The score reflects the valid underlying business model and market timing, heavily penalized for the lack of credible evidence provided in the input.

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+20.0
Audience Reach Impact+4.0
Technical Innovation+6.0
Evidence Of Traction+7.5
Market Timing Relevance+8.0
Functional Completeness+0.25
Subtotal+45.75
Usefulness Multiplierx0.95
Final Score+43

Project Details

Description
Founded in 2023 with the mission to turn good ideas into great companies, Novy provides capital, guidance, and executive talent to innovative software startups within the healthcare industry.

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