Founders · Plan
Raise and milestones
The limits every raise and milestone plan has to fit, and how to choose good milestones.
| Rule | Limit |
|---|---|
| How long a raise can run | Up to 90 days |
| Number of milestones | 3 to 5 |
| First milestone date | Within 90 days of the raise deadline |
| Each later milestone | After the previous one, and within 90 days of it |
| How much each milestone pays | The first pays 10% of the vault; the rest is split evenly |
These limits exist so that a project that stalls can always be ended and refunded within a few months, instead of keeping investors waiting forever.
Proof deadlines#
Proof for a milestone is due by its date, or 7 days after it became the current milestone if that's later. If you miss it, anyone can mark the project as failed.
Choosing good milestones#
Pick milestones your investors can check for themselves: a release, a live feature, a signed partner. Leave yourself some room in the dates, since you can't move them after launch. And if there's a big risk in your plan, put it early, while the amounts at stake are still small.