Proof of Usefulness Report

OpenStore

Analysis completed on 2/8/2026

+536
Proof of Usefulness Score
Industry Mainstay

OpenStore is a verified e-commerce aggregator with significant scale (2M+ customers, ~50 brands), but it is currently facing severe financial distress, with reports indicating a valuation collapse from $970M to ~$50M. The submission reflects this confusion (listing 'marketcap' in revenue) and is of low quality, but the underlying assets and utility remain substantial compared to smaller projects.

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+213
Audience Reach Impact+180
Technical Innovation+90
Evidence Of Traction+163
Market Timing Relevance+20
Functional Completeness+5
Subtotal+671
Usefulness Multiplierx0.80
Final Score+536

Project Details

Project URL
Description
OpenStore is on a mission to inspire entrepreneurs and shoppers to find something new. We give entrepreneurs the simplest way to sell their e-commerce businesses and receive liquidity. We’ve paid millions of dollars to entrepreneurs all over the country, freeing them up to start new companies, spend time with family, or take a well-deserved break. We manage the largest number of Shopify brands with over 100,000 products across apparel, beauty, home goods, and electronics. Our team of e-commerce experts and engineers uses our proprietary technology and tooling, and advantages from our size, to grow our brands and reach more customers. Two million people have purchased OpenStore products, and soon, we’ll launch a consumer shopping app, helping people discover products in an all-new way.

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