CZ on Investment Logic: Investing Is Also About Investing in People; It’s Easier to Spot the “Next Binance” During a Bear Market
Svmuu News: During today’s AMA, CZ addressed the fact that many VCs missed out on investing in Binance back in the day, and discussed how Binance’s current investment strategy aims to avoid missing out on “the next Binance.”CZ noted that projects themselves are very difficult to assess; investing can be about the project or the people behind it. He prefers founders with a sense of mission and tends to favor investing during bear markets, as he knows founders will stay the course and keep working.
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