Justin Sun Commends Changpeng Zhao, Emphasizes Effectiveness Over Profit

Justin Sun, the founder of the TRON Foundation has commended Changpeng ‘CZ’ Zhao, the founder and former CEO of Binance exchange. In a series of tweets, he emphasizes the advantages of doing the right things (effectiveness) over focusing on profit.

The crypto prominent figure also mentioned Jack Ma, the founder of Ali Baba, the multinational e-commerce company, in the thread. Sun highlighted the lessons he has learned from the two figures concerning handling businesses. Let us take a look at what he said.

Always Do What is Right, Because it is Right

Earlier today, the Chinese-born Grenadian cryptocurrency entrepreneur and business executive, Justin Sun, shared his thoughts and business lessons he has learned from CZ and Jack Ma. According to him, the second thing he learned from the two founders is to always do the right things as opposed to doing the easy things.

Sun stressed that the right thing is often difficult and might not yield the desired profit in the short term while quoting the famous words of Ken Watanabe “Always do what is right, because it is right.”

The second lesson I learned from Jack Ma and CZ is to always do the right thing, not the easy thing. The right thing is often difficult and may not yield immediate profits. However, always remember, "Always do what is right, because it is right."

— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 26, 2024

Furthermore, Sun recalled Jack Ma’s days at Hupan University, saying that during that time, Ma continuously emphasized that a company’s ultimate value does not come from its profits, but from the value it provides to its users. “Doing the right thing for users, rather than focusing on profit itself, is crucial,” he wrote.

Still, on the same thread, Sun defines what profit means to him. According to his tweet, making easy decisions may lead to profitability in the short term, however, in the long run, it can undermine the fundamental value to users, stating that “Profit is merely a byproduct of the value provided to users.”

Next, he referenced Zhao’s entrepreneurial journey, stating that he observed a similar pattern from the embattled Binance founder. From CZ’s journey as a businessman, Sun had observed that a good company achieves significant profit by providing high user value “through consistently doing the right thing.”

Importance of Protecting the Users

Meanwhile, Sun had previously highlighted the first lesson he learned from CZ and Jack Ma. In a separate tweet, Sun recalled his days of studying at Jack Ma’s Hupan University. According to him, during that time, Ma always emphasized the importance of protecting users, stating that Ali Baba mainly focuses on its users before investors, partners, and employees.

The first lesson I learned from Jack Ma and CZ: Protecting the user. When I was studying at Jack Ma's Hupan University, he repeatedly emphasized the importance of protecting users. At Alibaba, the priority of users is above investors, partners, and employees.

— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 22, 2024

What is more, Sun likened the mindset of Ma to CZ, saying that in his eleven years of entrepreneurship, CZ has become another exemplary model of user priority. “Users should always be placed at the top of all interest distributions,” he wrote.

Finally, Sun stressed that achieving this does not come easy, adding that companies should always remind themselves that the interests of the users are always the top priority.

Lastly, Sun commented on the forthcoming U.S. presidential elections, urging the public the support a presidential candidate who is pro-crypto. “We need to demonstrate to the candidate that the cryptocurrency community, companies, and protocols are significant stakeholders whose voices should be heard and whose interests should be protected,” he concluded.

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