{
  "version": "1.3.0",
  "releasedAt": "2026-05-20",
  "kpi": {
    "rogueId": "fundraising.assumptions",
    "slug": "assumptions",
    "domain": "fundraising",
    "defaultLabel": "Fundraising Assumptions",
    "description": "Explicit assumptions underlying the fundraising plan: valuation expectation, lead-investor probability, time-to-close, post-close runway, and what changes if any assumption breaks. Common pitfall: assumptions are made implicitly and only surface in the postmortem. Boards should require this section to be reviewed each update — a board update where assumptions never change suggests they are not being tested, not that they are correct.",
    "fieldType": "text",
    "unit": null,
    "maturity": "general",
    "suggestedForStages": [
      "preSeed",
      "seed",
      "seriesA",
      "seriesB",
      "seriesC"
    ],
    "defaultOwningFunctions": [
      "Finance"
    ],
    "stageRelevance": {
      "preSeed": "recommended",
      "seed": "recommended",
      "seriesA": "recommended",
      "seriesB": "recommended",
      "seriesC": "recommended"
    },
    "definitionSource": {
      "tier": "editorial",
      "sourceName": "imboard Editorial",
      "sourceUrl": null,
      "sectionRef": null,
      "publicationDate": "2026-04-01",
      "attributionNotice": null
    },
    "formula": "Narrative — enumerated assumptions, each ideally with (1) the assumption, (2) the rationale, (3) what changes if it breaks.",
    "whyItMatters": "Anchors the fundraising plan to falsifiable beliefs. Lets the board pre-agree on what would constitute a \"this is not working, change the plan\" trigger.",
    "interpretationGuidance": "Assumptions that diverge from `risk_factors` are a signal of inconsistency. Assumptions that have been broken without triggering plan change are the strongest red flag — pair with a board discussion of when to change course.",
    "relatedKpiIds": [
      "fundraising.strategy",
      "fundraising.risk_factors",
      "fundraising.target_raise",
      "fundraising.planned_close_date"
    ]
  }
}