Favorite talk about the problem statement. Now, it's important to note that but some projects, and some industries, maybe there are more than one problem that you're trying to solve. So don't shy away from tackling all those, you can always go back and cut out one or two. So if you know that there are multiple problems that you envision your product or platform, solving, write about them all and decide what to include later. So you know, in some cases, it can be more convincing to have multiple problems, but if you don't adequately analyze it, it's probably better to just tackle one and really be on point to make it very clear. Um, again, ask yourself, do people really have this problem?

Is it really a problem? When stating the problem, reference, whatever research irrelevant information, some people will actually leave out a clear problem statement and kind of talk about what they're going to do or the current state in don't talk about the problem. So They kind of leave you there and further problem, I wouldn't suggest that, you know, in the first go round, but if you feel that it doesn't flow with a clear problem and solution, and there's a different story you want to tell, that's fine. But let's look, we'll look at some clear problems, we'll look at some where they kind of infer the problem. Always get help with making it clear. If you don't understand, just ask anyone.

I mean, even if they're not a writer, ask your friend, your lover, your spouse, whatever, a person on the street, and see if they can see what the problem if there is a problem. If they could feel the problem, when you describe it to them, they agree or don't just use it as feedback, but never be Never be afraid of getting, you know, valuable input from others. So let's take a look at some examples. So let's look at provoke and they have a subsection called problems. So let's look at problems. So here's our problems.

They have it here. They have problem with reward system. Problem with your data problem with blockchain adoption. So, very quickly, they specifically state three different problems. And they talked about how they're going to fix them. Big quote here, big quotes here.

I like the stylist. This works. If you're gonna tackle three problems, just do it and style do it right. They bring in the big quotes, they talk about the challenges, and they fill in the best info, but you don't have to do it that way. That's one example. Three different problems.

Each about a half a page. Each, you know, you have a lot of room in this document. So let's take a look at jury jury dot online. This is a conceptual white paper for jury and they have a section called problems. And I'm going to tell you right now I wouldn't do it this way. They have about 10 problems.

That's a lot of problems. I would maybe condense them into three or four and talk about how you're going to tackle those individually, maybe solve two but then we the other statements into a description of the current state. This is a bit sloppy, I wouldn't do it. I wouldn't do it this way. Let's look at block starter. Now block starter has a section, the main section, they go right into problems of existing solutions.

So they go here to talk about existing solutions, existing technical solutions, development Icos and the disadvantages of all the current market leaders. This is a case where you don't have a clear product problem statement, but yet it still can be effective. I may not do it that way either. Let's look at co vesting covariance investing platform case you didn't know, executive summary intro here. See if these guys state the problem don't intelligence, and they actually don't. But this is beautiful.

Well done and I've actually read this I just remember they actually didn't say the problem, no clear problem statement. But they found a way to make this work. Right. You go intro you talk about the market, you talk about what you're going to do. Talk about investing. Oh, here we go.

There's a problem here. This is a trader problem trader problems. Right and they're solving the traitor traitor Asset Management trading platform. So there's a prop trader problems problems with asset management. And that's what they're going to do here. So the problem statement is in this intro, so they created an intro market analysis problem, say That's totally fine.

I, I like this I actually like this one. So I'll attach a link to co vesting, this is a different way of doing it. Not a clear statement, but it works. Here's another example date coin date coin goes directly into the problem. So that's another way you can do it, but there's no intro or anything, they go directly into problems with the data issue, right? And then how they're going to solve it.

Interesting, maybe not enough teasing before the main event. Let's look at coin started really quickly. And they go into problems with the Ico market. This is a little messy problems with the crowdfunding market. Because remember, they have a crowdfunding solution, an IC o solution, they have their own other products. So if you get into thing from this get that you have multiple problems solved.

We'll talk about multiple problems. Wrap it up in a nice, nice, neat way. But talk about the multiple if you have multiple problems talk about the multiple problems, if you don't one strong problem statement, and so and then going to solutions, that's a good way of doing it as well. Let's look at minor one and see if they have a problem saving here. And they don't. So what they do is talk about the difficulty of mining and you infer that the difficulty the problem statement is the current level of difficulty in mining.

We get it. I'm not clear, not a clear statement. I be a little bit more clear about the problem. So you can see from here, this is a summary The effect disagreed important disclaimer, no clear problem statement, problem statement. So basic attention, let's see if they have no, this is all technical, but this is why paper number four, so you may not have a problem statement in a fourth edition of a white paper because it's further along, it's more technical. So, in summary, you have co vesting, which wraps it the problem in the intro, wraps the problem in the market analysis into the intro.

You have a block starter who mentioned several different problems all all together in one. Then you also in the winner, you have private co Which analyze each problem with about a page and a half. So you can do it however you want more than one problem one, multiple problems, but make it make sense. half a page. Here we go. So, I hope this was helpful.

Let me know in the questions or comments, let me know if you need further clarification. I'll pick my winner of all these which one is the best. And that's the problem statement.