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How Binance scaled fast with a global team
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#product #productmanagement #productmanager #decisionmaking
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•0:29 duration•101 wordsThe Mindboggling Scale of Binance
In just five years, Binance achieved a peak valuation of $400 billion with a workforce of 2,000 employees. This rapid growth was facilitated by an unconventional organizational structure, where the CEO managed 55 direct reports, enabling swift decision-making and execution. The leadership team held daily meetings across global time zones, ensuring that no decisions were delayed for more than 24 hours, even on weekends and holidays.
"The scale of Binance is pretty mindboggling. They went within 5 years to at a peak valuation of like 400 billion with 2,000 employees. You can't do this by having a traditional a structure. The founde..."