FuturProof #126: Underwriting Checklist - Problem (1/14)

“A product needs to be sufficiently innovative to distinguish itself from the pack, but not so forward thinking as to alienate the user.” - Reid Hoffman

Many blockchain teams are looking for a problem to solve, lacking clarity in their purpose. Teams can waste a lot of time and capital in this discovery stage. So investors should either wait for this discovery stage to be over or help expedite it by getting involved?

Post the discovery stage, investors should take time to understand the journey the team took to identify the problem. This is where past team experience can help give credibility to the conclusions

The goal of this checklist item is to research and internalize enough information to be able to explain the problem the team is solving in one sentence to a child

Once a problem statement has been synthesized, investors can opinionate on the opportunity’s size and the market’s preparedness for a solution

Disclaimers:?https://bit.ly/p21disclaimers

Not any type of advice. Conflicts of interest may exist. For informational purposes only. Not an offering or solicitation. Always perform independent research and due diligence.