25-year-old genius entrepreneur receives strategic investment from Sequoia Capital, with a valuation of $250 million after 7 months of establishment.

Ruan Yubo, a young man born in 1996, has shown extraordinary talent since childhood. He began self-studying computer programming at the age of 6 and won 13 science and technology invention awards and 5 patents during his middle school years, including the first prize in the Microsoft Imagine Cup and first place at the Nuremberg Inventors' Fair in Germany. His achievements have earned him the title of "Genius Geek Boy."

At the age of 17, Ruan Yubo founded his own company, Ali Xinba Technology, during high school and served as CEO, focusing on the development of financial education hardware for children. This precocious entrepreneurial spirit laid the foundation for his future success.

In 2017, 21-year-old Ruan Yubo founded the investment firm Eight Dimensions Capital in Silicon Valley, USA. The firm focuses on venture capital in cutting-edge technology sectors, managing over 60 million USD, and has been rated by mainstream media as one of the top ten blockchain investment funds. Prior to this, he worked at Danhua Capital, founded by the renowned Chinese scientist Zhang Shoucheng, and co-founded Skylight Investment.

Despite being busy with entrepreneurship and investment, Ruan Yubo has not neglected his studies. He has pursued majors in Computer Science, Finance, and Economics at Boston University, the University of Pennsylvania, and Stanford University, continuously enriching his knowledge base.

Now, 25-year-old Ruan Yubo has embarked on a new entrepreneurial journey, becoming the founder of Parallel Finance. Parallel Finance is a DeFi parachain built on the Polkadot ecosystem and is regarded as a leading project within the Polkadot ecosystem. Polkadot was founded by Gavin Wood, a co-founder and CTO of Ethereum, and is considered one of Ethereum's strongest competitors.

In November 2021, Parallel Finance secured strategic financing led by a well-known investment institution, achieving a post-investment valuation of $250 million. What makes this financing achievement even more remarkable is that Parallel Finance had only been established for 7 months at that time.

A partner at an investment firm commented that Ruan Yubo and his team have built a platform in a short time that makes decentralized finance (DeFi) more accessible to institutional and retail investors, taking the first step towards penetrating the traditional financial sector. They believe that this platform has the potential to achieve the grand vision of promoting DeFi to billions of people in the future.

Ruan Yubo has an exceptionally keen insight into technology. He believes that blockchain technology will become the next generation of the internet and may even trigger a transformation in social cooperation on a scale larger than that of the internet. He predicts that in the next decade, the vast majority of companies will exist in the form of decentralized collaboration or build their own applications on blockchain networks.

In the view of Ruan Yubo, blockchain technology will grant users greater rights and fundamentally change existing business models. He explained: "The traditional business model involves companies acquiring customers, with users linked to service providers, thus creating a good user experience. The blockchain model will make users a part of the company, with users holding voting rights over the operation of the entire platform, while also being able to share more benefits through smart contracts."

Despite achieving remarkable accomplishments, Ruan Yubo also faces pressures and challenges rare among his peers. He admits that he has thought about giving up, especially during his first venture, where he had to deal with challenges not only related to technology but also in terms of company management and operations. However, the sense of achievement gained along the way makes him fully immersed in it now, enjoying the process of entrepreneurship.

In over 20 years of growth, Ruan Yubo believes that the two most fulfilling things are entering Stanford University to study and starting a business during high school. The latter gave him a valuable opportunity to engage with the business world early on. He revealed that his idol during high school was Steve Jobs, the co-founder of Apple Inc., who inspired his entrepreneurial spirit.

In the future, this young and promising entrepreneur will continue to move forward with dreams of entrepreneurship, investment, and technology, believing that he will create more amazing achievements in the Web3 and blockchain fields.