Proof of Usefulness Report

Time By Ping

Analysis completed on 1/31/2026

+659
Proof of Usefulness Score
Category Standard

The project 'Time By Ping' (rebranded to Laurel in 2023) is a highly successful Series C company with over $100M in funding and confirmed 300% YoY growth. It automates timekeeping for enterprise professional services (Law, Accounting), addressing a massive market inefficiency. While the submission data itself was of poor quality (e.g., claiming 'everyone' as the audience and providing lazy traction claims), external verification confirms exceptional real-world utility, strong market timing, and significant adoption by top-tier firms. The score reflects the high value of the underlying business, adjusted down slightly for the poor quality of the submission inputs.

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Score Breakdown

Real World Utility+225
Audience Reach Impact+120
Technical Innovation+120
Evidence Of Traction+180
Market Timing Relevance+85
Functional Completeness+2.5
Subtotal+732.5
Usefulness Multiplierx0.9
Final Score+659

Project Details

Project URL
Description
AI company automating time and billing for professional services, beginning with enterprise law firms.\n\nYou can reach us at careers@timebyping.com

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