{
  "version": "1.3.0",
  "releasedAt": "2026-05-20",
  "kpi": {
    "rogueId": "fundraising.key_milestones",
    "slug": "key_milestones",
    "domain": "fundraising",
    "defaultLabel": "Key Milestones",
    "description": "Container handle for the field-array of named fundraising milestones the board should track to the close — each entry tracks milestone name, type (e.g. term-sheet signing, IC presentation, close), target date, status (upcoming / in-progress / completed / at-risk), responsible party, and notes. The \"what has to happen, by when, and who owns it\" surface that turns the round narrative into a tracked plan. Renders via the CollapsibleFormItemCardGallery widget (the reused gallery pattern shared with sales pipeline deals and HR key hires / openings). Common pitfall: milestones carried forward from prior packs without status updates — these should be refreshed each period so the board sees real progress, not a stale wishlist.",
    "fieldType": "text",
    "unit": null,
    "maturity": "general",
    "suggestedForStages": [
      "preSeed",
      "seed",
      "seriesA",
      "seriesB",
      "seriesC"
    ],
    "defaultOwningFunctions": [
      "Finance"
    ],
    "stageRelevance": {
      "preSeed": "core",
      "seed": "core",
      "seriesA": "core",
      "seriesB": "core",
      "seriesC": "core"
    },
    "definitionSource": {
      "tier": "editorial",
      "sourceName": "imboard Editorial",
      "sourceUrl": null,
      "sectionRef": null,
      "publicationDate": "2026-04-01",
      "attributionNotice": null
    },
    "formula": "Container — field-array of milestone items (name, type, status, targetDate, responsibleParty, notes). No aggregate calculation; the surface makes individual milestones and their owners visible at the board level.",
    "whyItMatters": "Converts the round narrative into a tracked plan with owners and dates — the board can see at a glance which milestones are slipping and who to press. Without named-milestone visibility, the board only learns of a stalled round when the close date slips.",
    "interpretationGuidance": "Watch for milestones that have been \"in-progress\" across multiple quarterly packs without resolving, and for an at-risk or blocked milestone on the critical path to close (term sheet, lead commitment, IC presentation). Pair with `fundraising.round_status` and `fundraising.planned_close_date` — a clean milestone list alongside a slipping close date usually means the milestones are being optimistically maintained.",
    "relatedKpiIds": [
      "fundraising.round_status",
      "fundraising.planned_close_date",
      "fundraising.target_raise",
      "fundraising.committed_amount",
      "fundraising.risk_factors"
    ]
  }
}