I unexpectedly saw an interview with a former Binance executive in the must-read Lenny Newsletter for product managers.

Mayur Kamat is the ex-Binance SVP and product head, and what impressed him the most was that after joining in 2022, the leadership team held meetings 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 anyone is at most one person away from 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 was valued at a peak of $400 billion.

However, don't just casually imitate this; behind it is a fusion of high growth, high compensation, and mission-driven culture during that phase.

Just like many companies once tried to emulate Alibaba's culture or ByteDance's OKRs, only to find that the subjects they were trying to learn from don't really emphasize these things anymore.

In the end, I checked out 8g; this guy left in January 2024, just when CZ was going to the United States. He went to a digital bank in Europe as CPO, and I wonder if he regrets this choice.

A very inactive X account @5degreez, but @cz_binance has indeed followed.