Proof of Usefulness Report

Tracecost

Analysis completed on 1/31/2026

+83
Proof of Usefulness Score
You're In Business

The submission references 'Tracecost' (tracecost.com), a legitimate and venture-backed construction management software company that raised ~$2.5M (backed by OfBusiness). However, the submission data contains severe inaccuracies, including the wrong project name ('SwiftBlade', likely a copy-paste error), generic/false audience claims ('everyone'), and unprofessional traction statements ('most people have used my product'). The evaluation ignores the erroneous 'SwiftBlade' name and scores the actual Tracecost project based on verified external data (significant B2B traction, funding, and functional apps), while penalizing the 'Response Quality' metric.

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Score Breakdown

Real World Utility+22.5
Audience Reach Impact+13.0
Technical Innovation+11.25
Evidence Of Traction+22.5
Market Timing Relevance+8.0
Functional Completeness+1.0
Subtotal+78.25
Usefulness Multiplierx1.06
Final Score+83

Project Details

Project URL
Description
At its core, Tracecost® is about solving a problem and reducing error by reliably offloading manual work done by a human to a machine. The goal is to reduce time-consumed, repetitive and routine work, and to maximize the repeatability and predictability of results.\n\nWe believe that this solution is indispensable for the construction industry. Workflow fragmentation in large projects frequently leads to workers spending more time searching for, and aggregating information than working.\n\nTracecost® helps get updates from the team, produce key reports, raise triggers and alerts when problems are detected. We can now\nunobtrusively collect metadata and look at how team members do their jobs. A lot of predictions can be made by analysing the habits, the communication, the focus, the time spent on task, and other attributes of the person responsible for doing the work.\n\nToday, managing large projects involves multiple rounds of stakeholder feedback, quality control tests, and input from multiple members of the project team. In fact, communication is one of the trickiest areas for a project manager to master. While software already exists to correct\ngrammar, Tracecost® includes specialized algorithms to help identify potentially problematic phrases, and improve accuracy and truthfulness for stakeholder communication.

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