CEOInterviews.AI
Start App
Justin Sun
Founder, TRON

Arkham X Justin Sun at CAMPUS Punta Cana

📅 Nov 21, 2024 Arkham 14 MIN 2089 VIEWS 9 SEGMENTS · 2 SPEAKERS
Our Founder & CEO Miguel hosted a fireside chat with Justin Sun, Founder of TRON, Global Advisor of HTX, and Prime Minister of Liberland. Sign up to the Arkham Exchange: https://auth.arkm.com/register ► Website: https://arkm.com ► X: https://x.com/ArkhamIntel ► Discord:   / discord   ► Telegram: https://t.me/arkhamintelligence

Questions asked in this interview

3
  1. 1:33What's a less obvious business figure or other kind of person who has shaped your thinking and your experience as an entrepreneur in unexpected ways?
  2. 5:31How is it that you guys were able to achieve such growth in these emerging markets in a way that other Western companies haven't been able to do?
  3. 10:51What are some ways that you believe that AI is going to change the crypto landscape?
Justin Sun 0:02 ↗
I think my primary role is still entrepreneur. I think also diplomat, entrepreneur, and also you know investor share the same spirit. I think it's entrepreneurship. So when I first started my first company in 2012, when I first graduated from university, I think basically we boost up everything. That's why I think entrepreneurship is everything because when I was the ambassador of Grenada to WTO and UN, I think at the time basically we faced the same thing. We need to achieve great things with limited resources. So basically the mindset is the same thing. You need to like entrepreneurship, you need to control the cost, you know, and you need to try to achieve great things. So that's why I think all things share the similar rule. That's why I think Elon Musk also advocates this kind of entrepreneurship spirit. I think when he supported Donald Trump to run for the president, actually lots of different things actually share the same background here.
Interviewer 1:33 ↗
Absolutely. That actually leads directly into my next question, which is you've mentioned that you've been influenced by first and foremost by Jack Ma, your mentor, and by CZ, by Binance. What's a less obvious business figure or other kind of person who has shaped your thinking and your experience as an entrepreneur in unexpected ways?
Justin Sun 1:59 ↗
Yes, definitely. I think it's definitely Elon Musk. So when I first founded my company in 2012, at that time you know Tesla is super popular already. Because I studied in UPenn, so both Warren Buffett and Elon Musk is from UPenn as well. So at that time you know Tesla was first introduced in our university and Elon Musk actually went for one of the webinars we have, you know, is a recruiting webinar. So that's when I first knew about Elon and Tesla. So I fell in love with the company immediately and I actually bought lots of Tesla stocks since then. One of the reasons I think both Jack Ma and Elon Musk, of course later CZ, you know, impact me is also about the first question we talked about, which is entrepreneurship. So they all created a great company but with very limited resources. So when Jack Ma first started Alibaba in China, you know, in Zhejiang province, he started the whole company with only 100K like US dollars. I think it echoes with lots of us founders. Actually first funded their company in a garage because you know garage is with less rent, you know, and most of them even worked for the company for free for quite a long time before they can achieve something. So that's definitely because I also when I first started my company in 2012, I just graduated from the school and I don't have lots of money, right? So when I first started my company, actually I started with $4,000 US dollars. So that's why I think when we first started our companies, I always use their example for me to run my business. So that's why we all know, you know, by achieving great things you don't need to have like a hundred million dollars, you know, when we first started the company. So that's why I really love one of CZ's articles you can search online, right? He basically at that time talked about like big ICOs. So at that time lots of you know founders is talking about you know I need to raise like 100 million dollars or 200 million dollars to do a blockchain or something, you know. And CZ right, says like when you first like doing ICO only raise about like $5 million, right? So for CZ to start like Binance even raised money less than that. So that's why I think every founder needs to learn how to achieve a great company or great goal but with very limited resources. But of course if we have like $100 million we can do more, right? But we need to know like how to start a business with $5,000 here.
Interviewer 5:31 ↗
Yes, absolutely. Well, that actually leads quite nicely. I actually didn't know that how you originally founded the company. So it's really amazing how you know as you just discussed you started with $4,000 and now your company as of I last checked is worth 13 billion and you have the 10th largest cryptocurrency in the world. And the way in which you've achieved that is through strong adoption in emerging markets. And I think that for Arkham as a blockchain analytics company it's really interesting because Tron is one of the only cryptocurrencies that we have seen other than Tether. But for example you guys have a network and Tether is a stablecoin and actually the overwhelming majority of a lot of the transactions happening with Tether are now happening on the Tron blockchain. How is it that you guys were able to achieve such growth in these emerging markets in a way that other Western companies haven't been able to do?

5 more exchanges in this transcript

Sign in free to read the rest of this interview. No card required.

Sign in to read the full transcript

Cite this transcript

APA, MLA, BibTeX
APA

Sun, J. (2024, November 21). Arkham X Justin Sun at CAMPUS Punta Cana [Interview transcript]. Arkham. CEOInterviews.AI. https://ceointerviews.ai/interview/1946711/

MLA

Justin Sun. "Arkham X Justin Sun at CAMPUS Punta Cana." Arkham, 21 Nov. 2024. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1946711/.

BibTeX
@misc{sun2024_1946711,
  author       = {Justin Sun},
  title        = {Arkham X Justin Sun at CAMPUS Punta Cana},
  howpublished = {Interview transcript, Arkham. CEOInterviews.AI},
  year         = {2024},
  month        = {nov},
  url          = {https://ceointerviews.ai/interview/1946711/},
  note         = {Speaker-attributed transcript with timestamps}
}