Great question! In Decile Hub, stages represent the logical steps a prospect (potential investor) follows through your fundraising pipeline. Here's a quick breakdown:

• Prospects are the people or organizations being managed in your pipeline
• Stages are the sequential steps they move through, starting from being added, through various communication steps, all the way to Closed or Declined
• Actions/Tasks within each stage define what happens at that step, such as sending an email and waiting for a response before moving to the next stage

A few helpful notes:

• Prospects can move automatically between stages based on actions they take, like clicking a link in an email or signing a PACT
• After a PACT is signed, the prospect automatically moves to the Closing stage by default
• Stage automation can be customized in your PACT settings
• All stages and actions are fully configurable to match your fundraising process

If you are asking about a specific pipeline or stage name you are unsure about, feel free to share more details and we can help clarify!