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25-year-old genius entrepreneur's valuation reached 250 million USD within just 7 months as a new star rises in the Polkadot ecosystem's Decentralized Finance.
25-year-old genius programmer's startup skyrockets to a valuation of $250 million in just 7 months.
Ruan Yubo is an amazing young entrepreneur. Born in 1996, he started self-learning programming at the age of 6 and had already won multiple technological invention awards and patents during his middle school years. At the age of 17, this high school student founded his own company, focusing on the development of financial education hardware for children.
At the age of 21, Ruan Yubo founded an investment institution focused on cutting-edge technology in Silicon Valley, USA. His investment acumen is unique, and the scale of the funds he manages quickly exceeded $60 million, earning him recognition from the media as one of the top blockchain investment funds. It is worth mentioning that while starting his business and investing, Ruan Yubo did not give up his studies and pursued majors in computer science, finance, and economics at several well-known universities.
At 25 years old, Ruan Yubo has re-entered the public eye as the founder of Parallel Finance. Parallel Finance is a DeFi parachain built on the Polkadot ecosystem and is regarded as one of the leading projects within this ecosystem. Notably, Parallel Finance secured strategic financing led by a well-known investment institution just 7 months after its inception, achieving a valuation of $250 million.
Investors are full of confidence in Ruan Yubo and his team. They believe that the platform established by Parallel Finance in a short period makes DeFi more user-friendly for various types of investors and is likely to promote DeFi to a broader user base.
Yuan Yubo is optimistic about the prospects of blockchain technology. He believes that blockchain is the next generation of the internet and may even bring about a larger scale transformation in 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 the ups and downs that the blockchain industry has experienced, Yuan Yubo firmly believes that with technological advancements and improved regulations, blockchain will have a profound impact on multiple industries, especially in the financial sector, in the next 5 to 10 years.
Since starting his entrepreneurial journey at the age of 17, Ruan Yubo has admitted to facing immense pressure and challenges. However, he stated that he has fully enjoyed the process and gained a tremendous sense of achievement from it. He particularly mentioned that attending Stanford University and his entrepreneurial experiences during high school are the two most cherished experiences in his life.
Ruan Yubo revealed that his idol during high school was Apple Inc. co-founder Steve Jobs. Jobs' biography had a profound impact on his worldview and inspired his dream of becoming an entrepreneur.
In the future, this ambitious young entrepreneur will continue to explore the fields of entrepreneurship, investment, and technology, believing that he will bring more innovation and breakthroughs to the Web3 and blockchain industry.