Proof of Usefulness Report

Proximity Space

Analysis completed on 2/16/2026

+218
Proof of Usefulness Score
Gaining Momentum

Proximity Space is a verified, established SaaS company (founded ~2015) providing management software and insurance ('Proximity Protect') for coworking spaces. While the project has legitimate real-world utility and a confirmed team of ~13-15 employees (Great Place to Work certified), the submission data is highly unreliable. The user claims 750 employees, a $75M market cap, and that 'most people' have used it—claims that are factually false and contradicted by public records. The score reflects the solid underlying business utility but is significantly penalized for the dishonest and low-quality submission.

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Score Breakdown

Real World Utility85.0 (Weighted Scale)
Audience Reach Impact12.0 (Weighted Scale)
Technical Innovation36.0 (Weighted Scale)
Evidence Of Traction44.0 (Weighted Scale)
Market Timing Relevance32.0 (Weighted Scale)
Functional Completeness1.0 (Weighted Scale)
Subtotal+210
Usefulness Multiplierx1.04
Final Score+218

Project Details

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