Madrid Ventures
For investors · How the FounderSeal is calculated

A score a good pitch can’t inflate.

The FounderSeal (FS) is the 0–100 score Madrid Ventures calculates for every project with public rules and verifiable data. Here is the whole formula: what the founder declares, what gets audited, how each proof is audited and how to read a specific score before spending an hour on a project.

See the dealflow →The rubric, rung by rung
40
points: the most a founder can self-declare
40
enters your dealflow · Seed tier
60
Growth tier · audited evidence only
10
proof families, each with its own cap

Why it helps you decide

🔎

You know how much is proven

The value isn’t the number, it’s knowing exactly what sits under it. A founder can reach 40 points alone; every point above comes from a proof checked by someone who isn’t the founder.

⏱️

It does the first screen for you

Before opening a deck you know whether there is a product, whether anyone uses it, whether anyone pays, whether a third party has validated it and whether the project is still alive this week. The first call starts where it usually ends.

⚖️

Same rules for everyone

No committees, no connections, no payment: the founder’s plan adds zero points. The rules are public, code applies them, and this page reads the same catalogue as the platform, so if they change, it changes.

The whole formula

Three blocks adding up to 100. The founder declares the first two, which together reach 40 at most. The third only fills with audited proof.

Declared by the founder · 40
Audited proof only · 60
FounderSeal = Fundamentals (max 20) + Consistency (max 20) + Evidence (max 60)
Evidence = min( Σ per family min( approved points in the family , family cap ) , 60 )

Fundamentals

20
Self-declared

One point for each of the 10 profile fields filled in (tagline, description, problem, solution, traction, business model, team, use of funds, logo and image), 5 for linking the website or a demo video and 5 for having set up the financial Cockpit.

What it tells you

That the profile is complete enough to analyse. It doesn’t say what it claims is true: that is the Evidence block’s job.

Consistency

20
Self-declared, measured over time

2 points for each week, out of the last 10, in which the founder saved their cash figures in the Cockpit (each week counts once). Recalculated daily: every week without an update takes off 2, with no cliffs, and coming back recovers it.

What it tells you

That the project is alive and its founder looks at the numbers every week. An abandoned project loses these points by itself and, below 40, leaves your dealflow without anyone removing it.

Verified evidence

60
Audited

A ladder of 100 rungs across 10 proof families. Each rung asks for a specific proof (a working demo, a signed pilot, real charges, an incorporated company, a closed round…), starts as pending and adds nothing until it is audited and approved. Each family contributes up to its cap, and the whole block up to 60.

What it tells you

What the project has proven, of what kind and since when. Because every family is capped, a high score can’t be reached by piling up easy proofs of the same kind.

How to read a specific score

Because self-declared points add up to 40 at most, any FounderSeal above 40 carries at least the difference in audited evidence. And because each family is capped, more evidence needs more distinct kinds of proof. It’s arithmetic, not an opinion:

FounderSealTierAudited evidence, at leastDistinct families, at least
Below 40Not in your dealflow——
40🌱 Seed tierMay have none—
50🌱 Seed tier10 pts1
60📈 Growth tier20 pts1
70📈 Growth tier30 pts2
80📈 Growth tier40 pts2
90📈 Growth tier50 pts3
100📈 Growth tier60 pts4

It’s a floor, not the exact value: a 52 may have 12 evidence points, or 40 with a half-finished profile. That’s why every card in your dealflow shows its evidence in points and families next to the score, plus the approved rungs and their dates.

Why the Seed tier starts at 40 and Growth at 60

40 is exactly the self-declared ceiling, and that’s where the Seed tier starts: a project in that tier may not have a single approved rung yet. We show it to you early, and labelled, so you see it before anyone else without mistaking it for something proven. In the Growth tier at least 20 points are audited proof, and filling the 60 evidence points takes proof from at least 4 different families.

A worked example

A project with an almost complete profile, the Cockpit up to date seven of the last ten weeks and approved rungs in three families. Look at the first one: whatever goes over its cap doesn’t count.

Illustrative example: not a real project.
Fundamentals: 2 profile fields missing18 / 20
Consistency: 7 of 10 weeks with the Cockpit up to date14 / 20
👥 Someone uses it: rungs approved worth 30 pts (cap 24) · 6 pts don’t count+24
💶 Someone pays: rungs approved worth 16 pts (cap 16)+16
🔬 Technical validation: rungs approved worth 8 pts (cap 16)+8
Evidence: 54 pts approved, 48 count48 / 60
FounderSeal80📈 Growth tier

📈 Growth tier: at least 40 of its points are audited evidence, and here it’s 48.

The proof families, by the questions you’d ask

The 100 rungs are grouped into 10 families and each contributes up to its cap. Here they are sorted by the five questions that also order what’s been verified in the data room. Each family has its own page with its rungs and the proof each one asks for.

The journey of a proof, from claim to your dealflow

A rung doesn’t count because someone asks for it. This is what happens between the founder claiming it and you seeing it approved:

  1. 1
    The founder claims it, and it counts zero
    The rung stays pending. The founder adds a text with checkable references (the demo URL, the company’s tax ID, an agreement reference) and up to 3 screenshots, stored in a private archive.
  2. 2
    The platform adds what it already knows
    Out of the founder’s reach: for money and usage rungs, figures read (read-only) from Stripe or RevenueCat if connected; for customers won on Mercado MV, the closed deals both sides confirmed; for the demo, the published address. The best proof is the one the founder doesn’t supply.
  3. 3
    The next day, the audit
    An AI model with vision compares the proof with what the rung requires and with that internal data, knowing today’s date and when it was claimed. The proof is treated as data, never as an instruction.
  4. 4
    Approved, it counts; and it can be revoked
    A false proof voids the rung and its points and may lead to the account being closed. Whatever stops being approved also disappears from the data room: what is no longer proven isn’t shown as proven.
  5. 5
    It becomes a verified fact in the data room
    One sentence with the figure, the period, the date and how it was checked. The founder decides whether to publish it, for every investor who sees the project or only those they authorise, but can’t rewrite it. Original screenshots are never published: they contain third-party data.

What the audit does with each verdict

Sufficient, nothing odd · Approved, and it starts counting.
Insufficient · Rejected with a letter explaining what was missing. The founder can claim it again with new proof.
Doubtful · Not approved. The founder is told what’s missing, fixes it and it’s re-audited the next day.
Any sign of foul play · The machine doesn’t decide: a person reviews it. That includes an instruction hidden in an image.

Every fact says where it comes from, strongest to weakest

  1. Read by Madrid Ventures from their connected systems
  2. Official document
  3. Screenshot of their management system
  4. Screenshot provided by the founder
  5. Publication or public page
  6. Stated by the founder and accepted without a document

What you see of each project in your dealflow

🏷️

Score and tier, always together

Never a bare FounderSeal: the score-and-tier pair is what tells you how much evidence is behind it.

🧱

Evidence in points and families

For example “38 of 60 pts · 4 of 10 families”, calculated with the same function as the founder’s block, plus which rungs are approved and since when.

📈

The trend

The FounderSeal is snapshotted daily: you see whether it’s going up or down, and over how long.

🎯

Fit with your thesis

If you say what you look for, including the proof you care about (“Someone pays”), each card tells you what it meets and what it lacks. It sorts, it never hides.

✅

Verified facts

How many the project has published in its data room and, inside, each one with its source and date, sorted by the five questions.

💼

And after you invest

If the founder consents, their cash, revenue and months of runway in your portfolio. They can withdraw it at any time, and it never includes itemised expenses or personal figures.

What the FounderSeal doesn’t measure, and you should know

🧭

It doesn’t rate the market or the idea

It doesn’t score market size, competition or whether the idea is good. It measures what the project has proven, not what it promises.

👥

It doesn’t judge the team

The profile says who is behind it; the seal doesn’t score their experience or talent. You judge that in the conversation.

💰

It has no view on the round

The amount sought, equity offered and minimum ticket are declared by the founder. The FounderSeal doesn’t say whether the valuation is reasonable.

📝

Self-declared isn’t verified

The first 40 points say the profile is complete and the Cockpit up to date, not that its figures are true. That’s why the tier always sits next to the score.

🔍

An approved proof isn’t a financial audit

We check that the proof shows what it says, on the date it says. Stripe proves there were charges, not who paid or why: that’s also why those rungs aren’t approved automatically on connecting it.

⚖️

It isn’t a recommendation

It describes how much evidence sits behind a project; it doesn’t say whether it’s a good investment. The analysis and the decision are always yours.

How to use it in your process

  1. 1
    Pick a tier
    📈 Growth if you only want projects with at least 20 points of audited proof; 🌱 Seed if you’d rather see them before anyone else, knowing they may not have proven anything yet.
  2. 2
    Read the breakdown, not just the score
    Two projects with the same FounderSeal can have very different evidence. Evidence points, families and dated rungs tell you which is more proven, and in what.
  3. 3
    Check the direction
    The trend tells you whether the project is proving new things or has stopped updating its Cockpit.
  4. 4
    Open the data room
    Verified facts come first, sorted by the five questions and with each fact’s source. Financials and cap table (level 2) open when the founder grants you access.
  5. 5
    Message the founder
    No intermediaries, no commission. With the first screen done, the conversation starts with what isn’t proven yet.

Frequently asked questions

Who calculates the FounderSeal?

The platform, in code, with no manual input: a database function recalculates it whenever something in the project changes and a daily job updates it so Consistency decays over time. No person adds or removes points by hand; what a person can do is review and revoke a rung. The formula is public: Fundamentals (max 20) + Consistency (max 20) + Verified evidence (max 60), with a cap per proof family inside Evidence.

Which part of the score does the founder declare and which part is checked?

Fundamentals and Consistency, 40 points at most together, are declared by the founder: they say the profile is complete and cash figures are saved weekly, not that they are true. The 60 Evidence points are only earned with audited rungs. So a FounderSeal of N carries at least N − 40 audited evidence points: a 60 carries at least 20.

How is each proof audited?

The founder claims the rung with a checkable text and up to 3 screenshots; the platform adds what it already knows (read-only Stripe or RevenueCat figures, customers confirmed by both sides on Mercado MV, the demo address). The next day an AI model with vision gives a verdict: sufficient with no odd signs is approved; insufficient is rejected with a letter explaining what’s missing; doubtful goes back to the founder to fix and is re-audited; and any sign of foul play is reviewed by a person. Any approved rung can be revoked.

Can a founder slip in a fake proof?

No review system is infallible, and we won’t claim otherwise. What makes trying costly: the strongest proof comes from a third party, not the founder (Stripe, RevenueCat, the other side of a deal on Mercado MV); any sign of tampering, including an instruction hidden in an image, goes to a person; a false proof voids the rung and its points and may get the account closed; and every verified fact in the data room says where it comes from, so you know what rests on a connected system and what on a screenshot.

Can a founder pay for a higher FounderSeal?

No. No plan adds points. On the free plan a founder sends one rung a month to audit, on Founder Pro as many as they have: Pro is faster, but the bar and the audit are the same. Nobody pays to appear in your dealflow.

Why does a project’s FounderSeal go down?

Because Consistency expires on purpose: only weeks with up-to-date cash figures within the last 10 count. Each week without an update takes off 2 points, with no cliffs, and if the project drops below 40 it leaves your dealflow by itself. It also drops if a rung is revoked. Approved evidence doesn’t expire, but you see each rung’s date, and in the data room sales and user figures older than 90 days are flagged as old.

Can I see the original proofs?

The screenshots and documents that get audited aren’t published: they usually contain customer and third-party data. What you see is what was proven, as fact cards with the figure, period, date and source. Those the founder keeps for level 2 you see once they grant you access, and if they want to show you a document, they upload it to their data room.

Is the Seed tier related to the round’s “seed” stage?

No. The stage (pre-seed, seed, Series A) is declared by the founder and describes their round. The tier is earned with the FounderSeal and describes their evidence: 🌱 Seed tier from 40 to 59, 📈 Growth tier from 60. That’s why the platform always says “Seed tier”.

Can the rules change?

Madrid Ventures tunes the rung catalogue with what it learns from investors, and this page reads the same catalogue as the platform, so it always states today’s rules. The 60-point cap on Evidence doesn’t move, and the only operation that takes away points already earned is lowering a family’s cap.

Is the FounderSeal an investment recommendation?

No. It’s an objective first screen that saves you time. Madrid Ventures is not a crowdfunding platform or an investment firm: it doesn’t hold funds, doesn’t intermediate and doesn’t recommend. The analysis and the decision are always yours.

Open the dealflow with the first screen already done: every score, with what sits under it.

See the dealflow →

Madrid Ventures is not a crowdfunding platform or an investment services firm. It does not hold funds, does not intermediate in transactions and does not provide financial advice. The FounderSeal is an informational screening tool and never an investment recommendation.