CZ on Investment Philosophy: Investing is Also About Betting on People, Bear Markets Make It Easier to Spot the "Next Binance"

Odaily News CZ responded during today's AMA regarding how Binance's current investments can avoid missing the "next Binance," given that many VCs missed the opportunity to invest in Binance back in the day. CZ stated that evaluating projects themselves is extremely difficult; one can invest in either the project or the people. He prefers founders with a sense of mission and also favors investing during bear markets, as it's clear that such founders will remain committed and continue to build.