{
  "version": "1.3.0",
  "releasedAt": "2026-05-20",
  "kpi": {
    "rogueId": "fundraising.planned_close_date",
    "slug": "planned_close_date",
    "domain": "fundraising",
    "defaultLabel": "Planned Close Date",
    "description": "Calendar date by which the round is expected to close (final wires received, definitive documents signed). Compared against `finance.runway_months` to detect a fundraising-against-the-clock situation. Common pitfall: planned close dates routinely slip 30–90 days in practice (collected founder postmortems on First Round Review) — boards should ask for both an \"expected\" and a \"no-deal\" date and watch the gap to actual runway exhaustion.",
    "fieldType": "date",
    "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": "Calendar date. Not derived — set by management. Compare to today + `finance.runway_months` to surface runway-versus-close risk.",
    "whyItMatters": "Single most-important fundraising deadline — drives urgency, board cadence, and bridge-financing decisions. Slippage here is the leading indicator that the round is in trouble.",
    "interpretationGuidance": "When the planned close date is within 2 months of runway exhaustion (i.e. `runway_months` ≤ months_to_planned_close + 2), the board should be in active conversation about bridge financing or scope cuts. A slipping date should be paired with explicit re-baseline of runway.",
    "relatedKpiIds": [
      "fundraising.round_status",
      "fundraising.committed_amount",
      "fundraising.target_raise",
      "finance.runway_months"
    ]
  }
}