# kaal:position:2026-07-31-2062

**Affirmed position.** Impact Investing Innovation - From Impact 1.0 to 3.0 should be assessed against Kaal's source-bound claim that For venture capital funds, an impact certificate listing performs a due diligence function, because the follow on investor inherits all the project performance data generated through the impact certificate marketplace. The current metadata indicates a plausible connection through Impact Investing Innovation From Impact, but the defensible response is a qualification until the source text confirms agreement, scope, methods, and limitations.

**Status.** affirmed  **Published.** 2026-07-31

**Holds when.**

- projects with larger capital requirements over time
- impact validated through the certificate
- External evidence level: abstract indexed.
- Mapping review tier: mapping review before claim review.
- The literature-to-claim mapping remains explicitly ambiguous and should not be treated as a settled equivalence.

**Current debate.** Impact Investing Innovation - From Impact 1.0 to 3.0: https://www.semanticscholar.org/paper/5895bb3ecaac18eb6a1ec36be7fbf54f997b9976

**Extends.** kaal:claim:4685567-037: https://wulfkaal.github.io/claims/4685567-037

**Scholarly basis.** Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567

**Source PDF sha256.** `87fb1be89d2661967ed2b0b673fe26448ded3bc3119b122177a4fc13ae5c085c`

**Evidence level.** abstract indexed

**Mapping review tier.** mapping review before claim review

**Mapping confidence.** 0.2593  **Mapping ambiguous.** true

**Topics.** innovation

**Provenance.** Affirmed in historical-backfill:2026-07-31:phase-0009 at https://kaal-signal-desk.wulf577462.chatgpt.site/#review.

**Record type.** This is a dated commentary position that extends a scholarly corpus claim. It is not a verbatim claim extracted from the paper.

**Canonical form.** This markdown file is the canonical hashed representation of the position.