I actually saw an interview with a former Binance executive in Lenny Newsletter, which is a must-read for product managers.

Mayur Kamat is the ex-Binance SVP and head of product, and what impressed him the most was that after joining in 2022, the leadership team met every night at 11 PM, including weekends and holidays, and no decision would be delayed for more than 24 hours.

CZ has 55 direct reports, so there is at most one person between anyone and CZ.

This flat structure forces all leaders to deeply understand the details while empowering every employee to "own the whole cell."

At that time, Binance had 2,000 people and a peak valuation of $400 billion.

However, don't just casually learn from this; behind it lies a combination of high growth, high compensation, and a mission-driven culture during that phase.

It's like how many companies once tried to emulate Alibaba's culture or ByteDance's OKR, only to find that the subjects they were trying to learn from hardly mentioned those things anymore.

In the end, I took a look at 8g; this guy left in January 2024, just around the time CZ went to the U.S. He went to a digital bank in Europe as CPO; I wonder if he regrets this choice.

An extremely inactive X account @5degreez, but @cz_binance indeed paid attention.