“Starting too late is usually not a killer. Scaling too early can be.” —
@cz_binance at
@EASYResidency S4 Demo Day
During his fireside with
@ellazhang516, CZ explained that premature scaling often exposes what isn’t ready: the financing, the product-market fit or the market itself.
Binance entered a market with thousands of exchanges and still found a way to grow.
First movers aren’t always the eventual winners. A later entrant can still catch up, as long as the product is differentiated enough.