CZ: We are trying to support early-stage innovative projects through angel investment
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Odaily Odaily News: Binance founder CZ said regarding the suggestion of supporting early-stage innovative projects through angel investment: "I am trying. I am generally quite accurate in judging people, but it takes time. To understand an entrepreneur, you need to observe how he makes decisions and executes under various pressures, the temptation of money, and the interests of users. Also, whether he is hard-working, flexible, understands the market, has a worldview, and has leadership. You can't understand everything after just chatting for a while. At least I don't have this ability. When I invested in Trust Wallet, I invested after only meeting them once. But I had been observing them for a while before. In fact, this is what YZi Labs is doing. But investment requires a lot of time. There is no such magical 'wisdom'."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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