25-year-old genius programmer's startup valued at $250 million after 7 months, secured top-tier investment

Ruan Yubo is an amazing young entrepreneur. Born in 1996, he started self-learning computer programming at the age of 6 and won multiple technology invention awards and patents during his middle school years. At the age of 17, Ruan Yubo founded his own company in high school, focusing on the development of financial education hardware for children.

At the age of 21, Ruan Yubo founded the investment firm Bavi Capital in Silicon Valley, focusing on cutting-edge technology, managing funds exceeding $60 million. He previously worked at Danhua Capital, founded by the renowned Chinese scientist Zhang Shoucheng, and co-founded Skylight Investment. Despite being busy with entrepreneurship and investment, Ruan Yubo continued his studies, attending Boston University, the University of Pennsylvania, and Stanford University, studying fields such as computer science, finance, and economics.

At the age of 25, Ruan Yubo now has a new identity - the founder of Parallel Finance. Parallel Finance is a DeFi parachain built on the Polkadot ecosystem and is considered a leading project within this ecosystem. In November 2021, Parallel Finance secured strategic financing led by a well-known venture capital firm, with a post-investment valuation reaching $250 million, just 7 months after the company was established.

An investor believes that Ruan Yubo and his team have built a platform in a short time that makes DeFi more friendly to institutional and retail investors, marking an important step towards traditional finance. In the future, there may be a vision of promoting DeFi to billions of people.

Ruan Yubo has an extraordinary sensitivity to technology. He believes that blockchain is the next generation of the internet and may even become a larger-scale means of social collaboration than the internet, bringing about a tremendous transformation in technological infrastructure. He predicts that in the next ten years, most companies will exist in the form of decentralized collaboration or will establish their own applications on blockchain networks.

In the view of Ruan Yubo, blockchain will empower users with greater rights and significantly change the existing business model. In the traditional model, after acquiring customers, companies link users to service providers, while the blockchain model will make users a part of the company, granting them voting rights in platform operations and allowing them to share more benefits through smart contracts.

Ruan Yubo believes that the current development of blockchain is mainly restricted by regulation and technology. He estimates that this process may take 5 to 10 years, with the financial industry being the first to be affected. As the development of blockchain technology accelerates, future internet industries such as O2O, social networks, and shared mobility will also be integrated with blockchain in some form.

Since starting his business at the age of 17, Ruan Yubo has faced immense pressure and challenges while achieving success. He admitted that he had considered giving up, especially during his first entrepreneurial venture, when he had to deal with company management and operational issues in addition to technology. However, along the way, he has felt a great sense of accomplishment and now fully enjoys the experience.

Ruan Yubo stated that the two most fulfilling things in his over 20 years of growth were studying at Stanford and starting a business during high school. His high school idol, Steve Jobs, inspired his entrepreneurial ideas. Ruan Yubo greatly admired Jobs, and reading "Steve Jobs: A Biography" during high school had a significant impact on his worldview, making him aspire to become an entrepreneur.

In the future, this young and promising entrepreneur will continue to pursue his dreams of entrepreneurship, investment, and technology, and I believe he will create more remarkable achievements in the fields of blockchain and fintech.