25-year-old genius geek valued at $250 million after 7 months of entrepreneurship, received top-tier investment

The name Ruan Yubo may not be familiar to many, but his experiences are truly remarkable. Born in 1996, Ruan Yubo showed extraordinary talent from a young age, starting to self-learn computer programming at the age of 6. During his high school years, he had already won 13 technology invention awards and obtained 5 patents, including several honors such as the first prize in the Microsoft Imagine Cup and first place in the Nuremberg Inventors' Competition in Germany.

At the age of 17, Ruan Yubo founded his first company - Ali Simba Technology, focusing on the development of financial education hardware for children. This young entrepreneur did not stop there; at 21, he established the investment firm Bavi Capital in Silicon Valley, USA, specializing in investing in cutting-edge technology sectors, with managed funds exceeding $60 million.

Despite his thriving career, Ruan Yubo did not neglect his studies. He attended Boston University, the University of Pennsylvania, and Stanford University, majoring in Computer Science, Finance, and Economics.

At the age of 25, Ruan Yubo has embarked on a new entrepreneurial journey. His creation, Parallel Finance, is a decentralized finance (DeFi) parachain project built on the Polkadot ecosystem. Polkadot is seen as a major competitor to Ethereum, and Parallel Finance has already become one of the leading projects in that ecosystem.

In November 2021, Parallel Finance secured strategic financing led by a well-known venture capital institution, reaching a post-investment valuation of $250 million. Surprisingly, Parallel Finance had only been established for 7 months at that time.

The partners of the investors believe that Ruan Yubo and his team have created a platform in a short period that makes DeFi more friendly to institutional and retail investors, marking the first step towards penetrating the traditional financial sector. They believe this project has the potential to promote DeFi to billions of users.

Ruan Yubo is confident about 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 in social collaboration than the internet. "I expect that in the next decade, most companies will exist in the form of decentralized collaboration or will build their own applications on blockchain networks," he said.

According to Ruan Yubo, blockchain technology will grant users more rights and fundamentally change existing business models. He explained: "In the traditional model, companies acquire customers and users connect to service providers. In the blockchain model, users will become part of the company, possess voting rights in platform operations, and share more benefits through smart contracts."

Although the blockchain industry experienced ups and downs in 2018, Ruan Yubo believes that the current development of blockchain is mainly restricted by regulations and technology. He predicts that this process may take 5 to 10 years, with the financial industry being the first to be affected. As technology develops rapidly, future internet industries such as O2O, social networks, and shared mobility will also integrate with blockchain in some form.

Since starting his entrepreneurial journey at the age of 17, Ruan Yubo has faced pressures and challenges that are rare among his peers while achieving success. He admitted that he had considered giving up, especially during his first venture, where he had to deal with not only technology but also company management and operational issues. However, as he has progressed, he has felt a great sense of accomplishment and now fully enjoys the process.

In Ruan Yubo's more than 20 years of life, he believes the two most fulfilling things are entering Stanford University to study and starting a business during high school, which gave him the opportunity to engage with the business world early on. He stated that his idol during high school was Steve Jobs, who inspired his entrepreneurial ideas.

In the future, this young entrepreneur will continue to pursue his dreams in entrepreneurship, investment, and technology, contributing his efforts to the development of blockchain and DeFi.