CZ Responds to College Student Entrepreneurship: Work at a Good Large Company for a Few Years First, Young People Need to Hone Their Skills

On August 27, in a closed-door sharing session held in Hong Kong, Binance founder CZ responded to a question about university students' entrepreneurship. He emphasized that young entrepreneurs should not be in a hurry and suggested that young people should work in a good large company for a few years first, with "two years being the minimum," and ideally between 2 to 5 years. Drawing on his experience of working at Bloomberg for four years, he mentioned that the comprehensive management system of a large company, which university students do not come into contact with immediately upon graduation, would be very helpful for their future entrepreneurship.

CZ believed that young people must focus on cultivating "a particular expertise." He stated that this is a world of global competition, "if you broadly say programming, there are tens of millions of programmers worldwide, it is impossible for you to be twice as good as everyone, but if you can be the best 1% or even 0.1% in the world, the gains you receive could be several times, tens of times, or even hundreds of times greater than others. The treatment between the first and second place will be very different."