{
  "version": "1.3.0",
  "releasedAt": "2026-05-20",
  "kpi": {
    "rogueId": "finance.assumptions",
    "slug": "assumptions",
    "domain": "finance",
    "defaultLabel": "Financial Assumptions",
    "description": "Narrative listing of the key inputs the forecast rests on — growth-rate assumptions, churn assumptions, hiring plan, FX rates, expected timing of large bookings, planned price changes, capitalized-vs-expensed R&D treatment, etc. Without this field, the board cannot tell whether a forecast change reflects a real-world update or a quietly changed assumption. Common pitfall: assumptions are written once at planning and never updated when the underlying reality shifts — track explicitly which assumption changed each quarter and why. Best practice (per \"Venture Deals\" by Feld & Mendelson, and standard board-pack guidance): every material variance vs. forecast should be traceable to either an executed plan or a changed assumption.",
    "fieldType": "text",
    "unit": null,
    "maturity": "general",
    "suggestedForStages": [
      "preSeed",
      "seed",
      "seriesA",
      "seriesB",
      "seriesC",
      "public"
    ],
    "defaultOwningFunctions": [
      "Finance"
    ],
    "stageRelevance": {
      "preSeed": "recommended",
      "seed": "core",
      "seriesA": "core",
      "seriesB": "core",
      "seriesC": "recommended",
      "public": "recommended"
    },
    "definitionSource": {
      "tier": "editorial",
      "sourceName": "imboard Editorial",
      "sourceUrl": null,
      "sectionRef": null,
      "publicationDate": "2026-04-01",
      "attributionNotice": null
    },
    "formula": "No calculation — free-text narrative. Convention: enumerate top 5–8 assumptions with the value used and the source (plan, observed run-rate, investor letter, board-approved hiring cap).",
    "whyItMatters": "Makes the forecast auditable across periods. Boards cannot challenge or endorse a number whose assumptions are invisible — and quietly changing assumptions is the single most common source of forecast drift.",
    "interpretationGuidance": "Flag whenever an assumption changes vs. prior period and note the reason. If the list is missing or stale (unchanged for >2 reporting cycles while reality has clearly moved), treat as a yellow flag on financial-process maturity. No published threshold for completeness — coverage is judged by whether a board member can recompute the forecast from the listed assumptions.",
    "relatedKpiIds": [
      "finance.forecast_notes",
      "finance.risk_factors",
      "finance.burn_rate_scenarios"
    ]
  }
}