The test has at least three main benefits:
In addition, the instructive videos that accompany each question will help you understand what investors are looking for in a startup company.
Register. Simply provide your first name and email address in the fields at www.mfctest.com (or sign up using a social media account), and once you respond to our verification email, you can immediately start the test.
Create a Company. Enter the name of your business and indicate whether it's a high-growth company or a cash-flow business. The choice depends on the main way that investors get paid back:
Your MFC Test Results are displayed in both summary and detailed form.
NOTE: You must make a selection for all 20 questions in order to view your results. (Select "Not Sure" if you don't have an answer for a question at this time.)
After you have answered all 20 questions, click the "Summary Chart" button to view a summary chart that looks like this:
The Detailed Report shows the individual scoring for each question, and shows you what areas you need to work on to improve your fundability:
The 20 questions are grouped in five major factors:
The scoring scheme and weighting of scores is based on 20 years of experience in helping entrepreneurs raise funding from investors. The top score in each of the five factors is 20 points. It is recommended that you achieve a score of at least 10 points in each of the five factors in order to be considered a Minimum Fundable Company ®. You can view the details of the scoring scheme in your Detailed Report (once you have answered all the questions).
Not necessarily. There are many factors that influence investor decisions, and fundability – as measured by the MFC Test – is only one of them.
Select My Account on the drop down menu in the upper right corner. Select “Delete My Account” and then confirm the deletion. If you delete your account, all your Companies and Test Results will be deleted and there is no provision to restore this data once you delete your account.