Proof of Usefulness Report

The ToolShed

Analysis completed on 1/26/2026

+616
Proof of Usefulness Score
Category Standard

The ToolShed is a major New Zealand retail chain with over 30 physical locations and a 30-year operating history, demonstrating high real-world utility and traction. However, the project submission itself was of extremely low quality, containing inaccurate financial data ('50000 marketcap') and vague claims ('most people'). The final score reflects the verified high value of the business entity, penalized by the lack of effort and accuracy in the submission 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+225.0
Audience Reach Impact+150.0
Technical Innovation+45.0
Evidence Of Traction+170.0
Market Timing Relevance+56.0
Functional Completeness+2.5
Subtotal+648.5
Usefulness Multiplierx0.95
Final Score+616

Project Details

Description
The ToolShed is one of New Zealand’s leading suppliers of air tools, compressors, cordless tools, hand tools, outdoor tools, safety equipment, workshop machinery, accessories and consumables! We are stockists of DeWalt, HiKOKI, Makita, Milwaukee and Powerbuilt as well as our own directly imported, high quality range of ToolShed product.

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