- CZ turned down a proposal to invest in a crypto idea.
- Binance’s former CEO highlighted his personal investment philosophy.
- There are bearable risks involved in early adoption.
Former Binance CEO Changpeng Zhao (CZ) turned down an acclaimed innovator’s proposal to collaborate on an idea for tokenizing assets.
In his latest post on X, Zhao revealed an email exchange where an “acclaimed innovator” offered to partner on or sell an idea.
Zhao posted his rejection email, highlighting why he declined. The Binance co-founder stated that buying ideas isn’t his focus and “fancy models” don’t interest him.
Related: The Product-Market Fit Test: When Do AI Agents Actually Need a Token? (CZ View)
CZ Outlines Core Investment Principles
Zhao’s reply detailed key aspects of his investment philosophy for stakeholders seeking collaboration. He emphasized a “focus on fundamentals,” scrutinizing crypto ideas based on tangible metrics: product viability, user growth, revenues/profits, and team strength. He considers these the backbone of any project requiring stability before investment consideration.
Beyond fundamentals, Zhao reiterated his long-term strategy: investing early in projects and holding for the long run. He acknowledged the risks of early adoption, noting many ventures fail, but stated that disproportionate rewards from successful ones should outweigh setbacks.
Zhao also clarified his preference for investing in “mission-driven founders.” He believes great companies stem from this mindset, arguing money-focused founders often plateau, while those committed to a higher aim build more sustainable, impactful businesses.
Related: Binance CZ Says Not Every AI Agent Needs a Token
Lastly, Zhao clarified that he prefers to invest in mission-driven founders. According to him, Great companies arise from a mission-driven mindset, as money-focused founders often falter after a medium level of success. In contrast, those committed to a higher aim create more sustainable, impactful businesses.
The acclaimed innovator who messaged Zhao described his idea as a groundbreaking approach that enables the creation of diverse financial products and expands the use of real estate, commodities, and stocks as backing and collateral within the cryptocurrency ecosystem.
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