Binance CEO Changpeng Zhao: External Pressure Contributes to Building Strong Teams
Changpeng Zhao, CEO of Binance, believes external pressure is crucial for building „tight teams“ in startups.
– Zhao revealed his secret for building a strong team is external pressure, which creates unity and drives the team towards their objective.
– He mentioned that it’s not about fancy team building activities or inspirational speeches, but rather the experience of fighting together in tough situations.
– Binance is currently facing regulatory pressure worldwide, including lawsuits from the CFTC and SEC in the US.
– Despite the challenges, Zhao believes that the external pressure has made the Binance team more resilient and strengthened their bond.
– He dismissed rumors of a crisis at Binance caused by executive departures as FUD, stating that the reasons presented by news organizations were incorrect.