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25-year-old genius entrepreneur builds a $250 million DeFi project Parallel Finance in July
25-year-old genius geek valued at $250 million after 7 months of startup, favored by top venture capitalists
Although Ruan Yubo is only 25 years old, he has already achieved remarkable accomplishments in the fields of technology and finance. This genius born in 1996 began self-learning computer programming at the age of 6 and won multiple technology invention awards and patents during his high school years.
At the age of 17, Ruan Yubo founded his first company, focusing on the development of financial education hardware for children. At 21, he established an investment institution in Silicon Valley, managing funds exceeding $60 million, and was recognized as one of the top ten blockchain investment funds.
While starting his own business and investing, Ruan Yubo did not give up on his studies. He studied at Boston University, the University of Pennsylvania, and Stanford University, majoring in computer science, finance, and economics.
In 2021, Ruan Yubo founded Parallel Finance, a DeFi parallel chain project built on the Polkadot ecosystem. Just 7 months after its establishment, Parallel Finance secured strategic financing led by a well-known venture capital firm, achieving a post-investment valuation of 250 million USD.
Investors are full of confidence in Ruan Yubo and his team. They believe that the platform built by Parallel Finance in a short period makes DeFi more friendly to institutional and retail investors, and has the potential to promote DeFi to a broader audience.
Ruan Yubo holds an optimistic view of the future of blockchain technology. He believes that blockchain is the next generation of the internet and may even bring about a larger-scale transformation of social cooperation than the internet. In his view, within the next decade, most companies may exist in the form of decentralized collaboration or build applications on blockchain networks.
Despite facing the pressures of entrepreneurship and management, Ruan Yubo stated that he has thoroughly enjoyed the process. He considers his two most fulfilling achievements to be entering Stanford University and starting his own business during high school.
Ruan Yubo's idol is the late Apple co-founder Steve Jobs. He stated that Jobs' biography had a significant impact on his worldview and inspired his passion for entrepreneurship.
In the future, this young entrepreneur will continue to pursue his dreams in the fields of entrepreneurship, investment, and technology, contributing to the development of blockchain and DeFi.
Your comment is:
Workers are still at work while geniuses are starting businesses.