Proof of Usefulness Report

Shoobx

Analysis completed on 1/29/2026

+596
Proof of Usefulness Score
Industry Mainstay

Shoobx is a highly successful equity management platform acquired by Fidelity Investments in January 2023, validating exceptional traction and utility. However, the specific submission provided contains low-effort, unverifiable, and inaccurate claims (e.g., 'everyone' as audience, 'most people' as users). While the underlying project is of 'Much Larger Scale' and high value (serving ~700 companies and 2.5M participants via Fidelity), the score is penalized by the Quality Factors due to the poor quality of the submission evidence.

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+225.0
Audience Reach Impact+85.0
Technical Innovation+120.0
Evidence Of Traction+125.0
Market Timing Relevance+90.0
Functional Completeness+2.5
Subtotal+647.5
Usefulness Multiplierx0.92
Final Score+596

Project Details

Project URL
Description
Shoobx modernizes corporate activities for startups so entrepreneurs can focus on what matters. Resources are limited and you may not always pay attention to all the legal details of your growing company. But those oversights become costly and messy issues when your company reaches a financing or liquidity event. That’s why we’re here. We take care of corporate complexity from formation to exit.\n\nUse Shoobx to Incorporate, hire employee, grant equity, raise money, handle board and stockholder activity and more. All these activities handled in one place for all the right people.

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