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The FounderSeal ladder

💼 Outside money: which proof counts in the FounderSeal

10 rungs. Each one starts pending and only counts once its proof is audited. Together, this family adds at most 16 points to the evidence block, so reaching the top takes proof from several families.

💼 First MV investment

+10 pts

Investment closed with an investor from the platform (any amount)

Proof asked for: Reference of the agreement

👪 Friends and family round closed

+4 pts

People close to you put money in with paperwork: a capital increase or a convertible note. With paperwork, not a handshake.

Proof asked for: Deed of the capital increase or the loan agreement, without amounts

😇 Business angel investment

+8 pts

A professional private investor has come in. They did their own analysis and decided with their own money.

Proof asked for: Deed of the capital increase or the investment agreement, without amounts

🌰 Seed round closed

+10 pts

A round with several investors and due diligence behind it. Somebody really looked at your numbers before signing.

Proof asked for: Deed of the capital increase, without amounts

🎩 An institutional fund on the cap table

+10 pts

A venture fund with its own investors has put you in their portfolio. Their committee approved the deal.

Proof asked for: Deed or certificate of the cap table, without amounts

📑 Venture debt granted

+8 pts

Debt granted on your metrics rather than your guarantees. Whoever gave it analysed that you can pay it back.

Proof asked for: Financing agreement, naming the lender, without amounts

🙋 Crowdfunding campaign successfully closed

+6 pts

A campaign that hit its target, rewards or equity. Many strangers decided at the same time.

Proof asked for: Link to the campaign showing the target and the result

💹 Revenue-based financing

+6 pts

Somebody advances you money against a share of what you bill. To grant it they look at your real revenue.

Proof asked for: Financing agreement, naming the provider, without amounts

🖊️ Term sheet signed

+6 pts

An investment offer with terms, signed by both sides. Not money in the bank yet, and already a decision.

Proof asked for: The signed term sheet, with its date and without amounts

💎 Valuation above one million

+8 pts

A real transaction — not your own estimate — has put the company above one million euros.

Proof asked for: Deed of the transaction that set the valuation

The other families

🚀 There is a product👥 Someone uses it💶 Someone pays🔁 The money repeats📣 It grows on its own🔬 Technical validation🏛️ Regulatory validation🏢 Company and team🛡️ Hard to copy

Start with the first rung

On the free plan you can send one rung a month to audit. The FounderSeal is informative: it describes what has been checked, it never recommends investing.

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