Yubo Ruan
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Yubo Ruan | |
|---|---|
| 阮宇博[1] | |
| Born | October 14, 1996[2] |
| Occupation | CEO of 8 Decimal Capital[4] |
Yubo Ruan (Chinese: 阮宇博[5]), born in Beijing in 1996, is a tech entrepreneur and venture capitalist.[4] He is the founder and CEO of 8 Decimal Capital,[4][6] a venture capital investment firm focusing on early stage fintech,[7] and Parallel Finance, a decentralized finance (DeFi) platform on multiple blockchains valued at $500 million.[8][9]
Early life
[edit]In high school, Ruan started his first company Alisimba Technologies in Beijing, China while winning 13 invention awards and five patents. Alisimba was acquired by TopHacker Consulting Group in 2015.[9] Yubo continued his studies at Stanford University, specializing in computer science. Inspired by personal experiences, he also developed a robot to assist his grandfather with Parkinson’s disease, winning an award at the China Robotics Competition.[10] In college, he set up his first venture capital fund Skylight Investment to invest in disruptive technologies.[8]
Career
[edit]From 2008 to 2012,[11] Ruan developed[12] and upgraded the smart piggy bank system.[13]
In 2017, he served as the co-founder of Skylight Investment, backed by New Oriental (NYSE: EDU) and Taiyou Fund.[citation needed]
In 2017, he launched his second VC fund 8 Decimal Capital with an AUM of over $60 million.[citation needed]
In 2021, he founded Parallel Finance, after dropping out of Stanford a DeFi platform on Polkadot and Ethereum, valued at $500 million and backed by investors like Sequoia, Founders Fund, Coinbase Ventures, Polychain, and Pantera.[14]
Patents
[edit]- "Coin storage device"[15] (2015).
Awards
[edit]References
[edit]- ^ "北京中学生发明智能存钱罐 承载留学梦". Ta Kung Pao. Retrieved 2014-12-02.
- ^ "Yubo Ruan attended the Techweek LA". Xinhuanet.com. Retrieved 2014-12-02.
- ^ "A small piggy bank "generates" a big idea". People's Daily. Retrieved Mar 5, 2015.
- ^ a b c Jeff Kauflin (Forbes Staff). "Tricks Of A Crypto Trader: Meet Asia's Hottest Crypto Hedge Fund". Forbes. Retrieved 2018-08-01.
- ^ "中国少年发明家智能存钱罐吸引洛城消费者". The China Press. Retrieved 2014-11-21.
- ^ "22-Year-Old Yubo Ruan Built 8 Decimal Capital to Advance the World of Blockchain Technology with a $60 Million AUM VC Fund". The Los Angeles Post. 17 October 2018. Retrieved October 17, 2018.
- ^ "Fintech startup SendFriend nabs $1.7 million from fresh capital". Tech in Asia. Retrieved Feb 14, 2019.
- ^ a b "A 25-year-old crypto founder who bought 6 figures of solana at around 33 cents and polkadot below $1 shares a 3-part strategy for identifying winning altcoins early — and explains how he is trying to build the 'Apple of finance'". Business Insider. Retrieved 2024-12-28.
- ^ a b "Stanford Dropout to $500 Million Business: How Yubo Ruan Built Parallel Finance". 2023-12-22. Retrieved 2024-12-28.
- ^ "How Crypto Extraordinaire Yubo Ruan Built Parallel Finance, Now Worth $500 Million". 2023-11-28. Retrieved 2024-12-28.
- ^ "Beijing middle school student Yubo Ruan invented smart piggy bank" (PDF). Ta Kung Pao. Retrieved 2014-12-04.
- ^ "中国高中生发明智能存钱罐 引美国科技业者关注". People's Daily. Retrieved Dec 3, 2014.
- ^ "2014 Zhuma Campus Innovation Marathon Event Ends". Communist Youth League of China. Retrieved Jul 30, 2014.
- ^ "Parallel Finance Doubles Valuation in $5M Funding Round". Retrieved 2024-12-28.
- ^ CN patent 204146509, Yubo, Ruan, "Coin storage device", published 2015-02-11
- ^ "Parallel Finance Founder Yubo Ruan Awarded Hurun's US Innovation Most Promising Person 2021" (Press release). Retrieved 2024-12-28.
- ^ "全美华裔30岁以下优秀创业者评选结果揭晓--国际--人民网". Retrieved 2024-12-28.