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Yubo Ruan

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Yubo Ruan
阮宇博[1]
Born (1996-10-14) October 14, 1996 (age 28)[2]
Beijing[3]
OccupationCEO of 8 Decimal Capital[4]

Yubo Ruan (Chinese: 阮宇博[5]), born in Beijing in 1996, is a tech entrepreneur[6] and venture capitalist.[7] He is the founder and CEO of 8 Decimal Capital,[8][9] a venture capital investment firm focusing on early stage fintech,[10] and Parallel Finance, a decentralized finance (DeFi) platform on multiple blockchains valued at $500 million.[11][12]

Early life

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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.[12] Yubo continued his studies at the Education as 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.[13] In college, he set up his first venture capital fund Skylight Investment to invest in disruptive technologies.[11]

Career

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From 2008 to 2012,[14] Ruan developed[15] and upgraded the smart piggy bank system.[16]

In 2017, he served as the co-founder of Skylight Investment, backed by New Oriental (NYSE: EDU) and Taiyou Fund.[6]

In 2017, he launched his second VC fund 8 Decimal Capital with an AUM of over $60 million.[17][18]

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.[19]

Patents

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  • "Coin storage device"[20] (2015).

Awards

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  • Hurun US Most Promising Person in 2021[21]
  • 30 Under 30 Award by the LA Post[22]

References

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  1. ^ "北京中学生发明智能存钱罐 承载留学梦". Ta Kung Pao. Retrieved 2014-12-02.
  2. ^ "Yubo Ruan attended the Techweek LA". Xinhuanet.com. Retrieved 2014-12-02.
  3. ^ "A small piggy bank "generates" a big idea". People's Daily. Retrieved Mar 5, 2015.
  4. ^ Jeff Kauflin (Forbes Staff). "Tricks Of A Crypto Trader: Meet Asia's Hottest Crypto Hedge Fund". Forbes. Retrieved 2018-08-01.
  5. ^ "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.
  6. ^ a b "10 Entrepreneurs Who Are Showing Why Blockchain Is Here to Stay". Entrepreneur Magazine. 2019-06-20. Retrieved Jun 20, 2019.
  7. ^ Jeff Kauflin (Forbes Staff) (Aug 29, 2018). "Tricks of a crypto trader: How Shuoji Zhou built Asia's hottest crypto hedge fund". Forbes India.
  8. ^ Forbes Staff (September 11, 2018). "Las sugerencias de un trader de criptomonedas". Forbes.
  9. ^ "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. Retrieved October 17, 2018.
  10. ^ "Fintech startup SendFriend nabs $1.7 million from fresh capital". Tech in Asia. Retrieved Feb 14, 2019.
  11. ^ 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.
  12. ^ a b "Stanford Dropout to $500 Million Business: How Yubo Ruan Built Parallel Finance". 2023-12-22. Retrieved 2024-12-28.
  13. ^ "How Crypto Extraordinaire Yubo Ruan Built Parallel Finance, Now Worth $500 Million". 2023-11-28. Retrieved 2024-12-28.
  14. ^ "Beijing middle school student Yubo Ruan invented smart piggy bank" (PDF). Ta Kung Pao. Retrieved 2014-12-04.
  15. ^ "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.
  16. ^ "2014 Zhuma Campus Innovation Marathon Event Ends". Communist Youth League of China. Retrieved Jul 30, 2014.
  17. ^ "B10 Entrepreneurs Who Are Showing Why Blockchain Is Here to Stay". 2019-06-20.
  18. ^ "What You Can Learn From This 21-Year-Old VC Who Started A $60 Million Fund". Entrepreneur. 2020-02-05. Retrieved 2024-12-28.
  19. ^ "Parallel Finance Doubles Valuation in $5M Funding Round". Retrieved 2024-12-28.
  20. ^ CN patent 204146509, Yubo, Ruan, "Coin storage device", published 2015-02-11 
  21. ^ "Parallel Finance Founder Yubo Ruan Awarded Hurun's US Innovation Most Promising Person 2021". Retrieved 2024-12-28.
  22. ^ "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.
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