Proof of Usefulness Report

Step Venture

Analysis completed on 2/27/2026

+10
Proof of Usefulness Score
You're In Business

The submission appears to be a botched, spam, or placeholder entry. While the description and URL correctly identify 'Step Venture' (a legitimate Italian VC firm), the project name 'IronStorm' is unrelated (likely a video game or random placeholder). Crucially, the traction claims ('most people have used my product') are demonstrably false, and the revenue metric ('marketcap: 50000') is nonsensical for a VC firm managing millions in assets. The submission contains conflicting, unverified, and likely automated data.

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+40
Audience Reach Impact+10
Technical Innovation+10
Evidence Of Traction+0
Market Timing Relevance+30
Functional Completeness+10
Subtotal+8.5
Usefulness Multiplierx1.15
Final Score+10

Project Details

Project URL
Description
We are a team of experienced early-stage investors, with extensive background as founders and entrepreneurs, a strong international experience and multiple successful exits. We like scalable business models with large markets and ambitious founders and teams that we believe are able to grow significant companies. Our focus is mostly on Technology, with a preference on Fintech/Insurtech, B2B SAAS, AI/Smart Data, 5G/IOT in their seed or pre series-A rounds. We strive to operate in a sustainable way and insist that the founders we partner with share our approach to the environment and society. If you are an entrepreneur building a new company in the digital sector in Italy, feel free to send your pitch: https://stp.vc/pitch

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