Proof of Usefulness Report

VenueArc

Analysis completed on 2/1/2026

+232
Proof of Usefulness Score
Gaining Momentum

VenueArc is a legitimate B2B venue management solution built on Microsoft Azure, with verifiable enterprise clients such as San Diego Theatres. However, the project submission itself was of extremely low quality, containing patently false claims (e.g., 'audience reach: everyone', 'traction: most people have used my product'). The evaluation relies heavily on external verification of the product's actual market position—a niche but functional SaaS tool—rather than the provided input. The score reflects a functioning business with 'Small but promising' traction, penalized significantly for the unreliable 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+17.5
Audience Reach Impact+2.0
Technical Innovation+6.0
Evidence Of Traction+6.0
Market Timing Relevance+5.0
Functional Completeness+0.25
Subtotal+36.75
Usefulness Multiplierx0.95
Final Score+232

Project Details

Project URL
Description
VenueArcis in the Events Tech Industry

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