Proof of Usefulness Report

Techspace

Analysis completed on 1/31/2026

+425
Proof of Usefulness Score
Certified Problem Solver

Techspace is a verified, established co-working provider with significant real-world assets (7 locations in London/Berlin) and high revenue potential (likely $10M+). However, the submission itself is of very poor quality, containing outdated data (2016 financials), false claims ('everyone' audience, 'most people have used my product'), and irrelevant tags. While the business entity is successful and scales beyond the 'HackerNoon' calibration point in revenue, the lack of software innovation and the low-effort submission heavily penalize the score, keeping it at the lower end of the 'Large Scale' bracket.

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Score Breakdown

Real World Utility+212.5
Audience Reach Impact+80.0
Technical Innovation+15.0
Evidence Of Traction+112.5
Market Timing Relevance+60.0
Functional Completeness+2.5
Subtotal+482.5
Usefulness Multiplierx0.88
Final Score+425

Project Details

Project URL
techspace.co
Description
Techspace exists to empower fast growth technology companies. We provide frictionless and enriched workplace environments for our members, and are committed to the principles of community and innovation which underpin all aspects of our business.\n\nThe Techspace community now encompasses over 1,000 people across 5 buildings in East London, and is continuing to grow exponentially, with further locations opening in London, and expansion to Berlin over 2017. \n\nThe Techspace community is curated through a selection process which grades aspiring members according to their level of technology and innovation, funding stage and calibre of investors, and ethics \u0026 integrity of the business sector and its co-founders. Techspace also encourages and incentivises its existing members to recommend other tech businesses who will fit our qualifying criteria.

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