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{{Infobox person
{{Infobox person
| name = Yubo Ruan
| name = Yubo Ruan
| image = Yubo Ruan.png
| image =
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| other_names =
| other_names =
| alma_mater =
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| occupation = CEO of 8 Decimal Capital<ref>{{cite web|url=https://www.forbes.com/sites/jeffkauflin/2018/08/01/tricks-of-a-crypto-trader-meet-asias-hottest-crypto-hedge-fund/#6fd5e2e81c02|title=Tricks Of A Crypto Trader: Meet Asia's Hottest Crypto Hedge Fund |work=[[Forbes]]|accessdate=2018-08-01|author=Jeff Kauflin (Forbes Staff)}}</ref>
| occupation = CEO of 8 Decimal Capital<ref name="Forbes2018">{{cite web|url=https://www.forbes.com/sites/jeffkauflin/2018/08/01/tricks-of-a-crypto-trader-meet-asias-hottest-crypto-hedge-fund/#6fd5e2e81c02|title=Tricks Of A Crypto Trader: Meet Asia's Hottest Crypto Hedge Fund |work=[[Forbes]]|accessdate=2018-08-01|author=Jeff Kauflin (Forbes Staff)}}</ref>
| years_active =
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}}
}}


'''Yubo Ruan''' ({{zh|c=阮宇博<ref>{{cite web|url=http://www.uschinapress.com/2014/1121/999742.shtml|title=中国少年发明家智能存钱罐吸引洛城消费者|work=[[The China Press]]|accessdate=2014-11-21}}</ref>}}), born in [[Beijing]] in 1996, is a [[technology|tech]] entrepreneur<ref name="Entrepreneur Magazine">{{cite web|url=https://www.entrepreneur.com/article/335491|title=10 Entrepreneurs Who Are Showing Why Blockchain Is Here to Stay |work=[[Entrepreneur Magazine]]|date=2019-06-20 |accessdate=Jun 20, 2019}}</ref> and [[venture capitalist]].<ref>{{cite web|url=http://www.forbesindia.com/article/cross-border/tricks-of-a-crypto-trader-how-shuoji-zhou-built-asias-hottest-crypto-hedge-fund/51147/1|title=Tricks of a crypto trader: How Shuoji Zhou built Asia's hottest crypto hedge fund|work=[[Forbes India]]|date= Aug 29, 2018|accessdate=|author=Jeff Kauflin (Forbes Staff)}}</ref> He is the founder and [[CEO]] of 8 Decimal Capital,<ref>{{cite web|url=https://www.forbes.com.mx/las-sugerencias-de-un-trader-de-criptomonedas/|title=Las sugerencias de un trader de criptomonedas|work=[[Forbes]]|date=September 11, 2018|accessdate=|author= Forbes Staff}}</ref><ref>{{cite web|url=http://lapost.us/?p=11034|title=22-Year-Old Yubo Ruan Built 8 Decimal Capital to Advance the World of Blockchain Technology with a $60 Million AUM VC Fund|work=The Los Angeles Post|accessdate=October 17, 2018}}</ref> a [[venture capital]] [[investment firm]] focusing on early stage [[fintech]],<ref>{{cite web|url=https://www.techinasia.com/blockchainpowered-remittance-service-nabs-17m-fresh-capital|title=Fintech startup SendFriend nabs $1.7 million from fresh capital|work=[[Tech in Asia]]|accessdate=Feb 14, 2019}}</ref> and Parallel Finance, a decentralized finance (DeFi) platform on multiple blockchains valued at $500 million.<ref name=":1" /><ref name="mashable" >{{Cite web | url=https://nl.mashable.com/technlogy/9393/stanford-dropout-to-500-million-business-how-yubo-ruan-built-parallel-finance| title=Stanford Dropout to $500 Million Business: How Yubo Ruan Built Parallel Finance| date= 2023-12-22| accessdate=2024-12-28}}</ref>
'''Yubo Ruan''' ({{zh|c=阮宇博<ref>{{cite web|url=http://www.uschinapress.com/2014/1121/999742.shtml|title=中国少年发明家智能存钱罐吸引洛城消费者|work=[[The China Press]]|accessdate=2014-11-21}}</ref>}}), born in [[Beijing]] in 1996, is a [[technology|tech]] entrepreneur and [[venture capitalist]].<ref name="Forbes2018"/> He is the founder and [[CEO]] of 8 Decimal Capital,<ref name="Forbes2018"/><ref>{{cite web|url=http://lapost.us/?p=11034|title=22-Year-Old Yubo Ruan Built 8 Decimal Capital to Advance the World of Blockchain Technology with a $60 Million AUM VC Fund|work=The Los Angeles Post|date=17 October 2018 |accessdate=October 17, 2018}}</ref> a [[venture capital]] [[investment firm]] focusing on early stage [[fintech]],<ref>{{cite web|url=https://www.techinasia.com/blockchainpowered-remittance-service-nabs-17m-fresh-capital|title=Fintech startup SendFriend nabs $1.7 million from fresh capital|work=[[Tech in Asia]]|accessdate=Feb 14, 2019}}</ref> and Parallel Finance, a decentralized finance (DeFi) platform on multiple blockchains valued at $500 million.<ref name=":1" /><ref name="mashable" >{{Cite web | url=https://nl.mashable.com/technlogy/9393/stanford-dropout-to-500-million-business-how-yubo-ruan-built-parallel-finance| title=Stanford Dropout to $500 Million Business: How Yubo Ruan Built Parallel Finance| date= 2023-12-22| accessdate=2024-12-28}}</ref>


== Early life ==
== Early life ==
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From 2008 to 2012,<ref>{{cite web|url=http://paper.takungpao.com/resfile/PDF/20141202/PDF/a21_screen.pdf|title=Beijing middle school student Yubo Ruan invented smart piggy bank|work=[[Ta Kung Pao]]|accessdate=2014-12-04}}</ref> Ruan developed<ref>{{cite web|url=http://chinese.people.com.cn/n/2014/1203/c42309-26137645.html|title=中国高中生发明智能存钱罐 引美国科技业者关注|work=[[People's Daily]]|accessdate=Dec 3, 2014}}</ref> and upgraded the smart [[piggy bank]] [[system]].<ref>{{cite web|url=http://www.ccyl.org.cn/zhuanti/place/news/beijing/201407/t20140730_703770.htm|title=2014 Zhuma Campus Innovation Marathon Event Ends|work=[[Communist Youth League of China]]|accessdate=Jul 30, 2014}}</ref>
From 2008 to 2012,<ref>{{cite web|url=http://paper.takungpao.com/resfile/PDF/20141202/PDF/a21_screen.pdf|title=Beijing middle school student Yubo Ruan invented smart piggy bank|work=[[Ta Kung Pao]]|accessdate=2014-12-04}}</ref> Ruan developed<ref>{{cite web|url=http://chinese.people.com.cn/n/2014/1203/c42309-26137645.html|title=中国高中生发明智能存钱罐 引美国科技业者关注|work=[[People's Daily]]|accessdate=Dec 3, 2014}}</ref> and upgraded the smart [[piggy bank]] [[system]].<ref>{{cite web|url=http://www.ccyl.org.cn/zhuanti/place/news/beijing/201407/t20140730_703770.htm|title=2014 Zhuma Campus Innovation Marathon Event Ends|work=[[Communist Youth League of China]]|accessdate=Jul 30, 2014}}</ref>


In 2017, he served as the co-founder of Skylight Investment, backed by [[New Oriental]] ({{nyse|EDU}}) and Taiyou Fund.<ref name="Entrepreneur Magazine"/>
In 2017, he served as the co-founder of Skylight Investment, backed by [[New Oriental]] ({{nyse|EDU}}) and Taiyou Fund.{{cn|date=January 2025}}


In 2017, he launched his second VC fund 8 Decimal Capital with an AUM of over $60 million.{{cn|date=January 2025}}
In 2017, he launched his second VC fund 8 Decimal Capital with an AUM of over $60 million.<ref>{{cite web|url=https://www.entrepreneur.com/article/335491|title=B10 Entrepreneurs Who Are Showing Why Blockchain Is Here to Stay|date=2019-06-20}}</ref><ref>{{Cite web | url=https://www.entrepreneur.com/growing-a-business/what-you-can-learn-from-this-21-year-old-vc-who-started-a/344897| title=What You Can Learn From This 21-Year-Old VC Who Started A $60 Million Fund| newspaper=Entrepreneur| date= 2020-02-05| accessdate=2024-12-28}}</ref>


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.<ref>{{Cite web | url=https://www.coindesk.com/business/2022/04/05/defi-super-app-parallel-finance-doubles-valuation-plans-up-to-60m-series-b| title=Parallel Finance Doubles Valuation in $5M Funding Round| accessdate=2024-12-28}}</ref>
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.<ref>{{Cite web | url=https://www.coindesk.com/business/2022/04/05/defi-super-app-parallel-finance-doubles-valuation-plans-up-to-60m-series-b| title=Parallel Finance Doubles Valuation in $5M Funding Round| accessdate=2024-12-28}}</ref>
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== Awards ==
== Awards ==
* Hurun US Most Promising Person in 2021<ref>{{Cite web | url=https://www.businesswire.com/news/home/20211230005284/en/Parallel-Finance-Founder-Yubo-Ruan-Awarded-Hurun%E2%80%99s-US-Innovation-Most-Promising-Person-2021| title=Parallel Finance Founder Yubo Ruan Awarded Hurun’s US Innovation Most Promising Person 2021| accessdate=2024-12-28}}</ref>
* Hurun US Most Promising Person in 2021<ref>{{Cite press release | url=https://www.businesswire.com/news/home/20211230005284/en/Parallel-Finance-Founder-Yubo-Ruan-Awarded-Hurun%E2%80%99s-US-Innovation-Most-Promising-Person-2021| title=Parallel Finance Founder Yubo Ruan Awarded Hurun's US Innovation Most Promising Person 2021| accessdate=2024-12-28}}</ref>
* 30 Under 30 Award by the LA Post<ref>{{Cite web | url=http://world.people.com.cn/n1/2017/0323/c1002-29164375.html| title=全美华裔30岁以下优秀创业者评选结果揭晓--国际--人民网| accessdate=2024-12-28}}</ref>
* 30 Under 30 Award by the LA Post<ref>{{Cite web | url=http://world.people.com.cn/n1/2017/0323/c1002-29164375.html| title=全美华裔30岁以下优秀创业者评选结果揭晓--国际--人民网| accessdate=2024-12-28}}</ref>


Latest revision as of 23:07, 21 January 2025

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 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]
  • Hurun US Most Promising Person in 2021[16]
  • 30 Under 30 Award by the LA Post[17]

References

[edit]
  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. ^ a b c 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. ^ "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.
  7. ^ "Fintech startup SendFriend nabs $1.7 million from fresh capital". Tech in Asia. Retrieved Feb 14, 2019.
  8. ^ 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.
  9. ^ a b "Stanford Dropout to $500 Million Business: How Yubo Ruan Built Parallel Finance". 2023-12-22. Retrieved 2024-12-28.
  10. ^ "How Crypto Extraordinaire Yubo Ruan Built Parallel Finance, Now Worth $500 Million". 2023-11-28. Retrieved 2024-12-28.
  11. ^ "Beijing middle school student Yubo Ruan invented smart piggy bank" (PDF). Ta Kung Pao. Retrieved 2014-12-04.
  12. ^ "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.
  13. ^ "2014 Zhuma Campus Innovation Marathon Event Ends". Communist Youth League of China. Retrieved Jul 30, 2014.
  14. ^ "Parallel Finance Doubles Valuation in $5M Funding Round". Retrieved 2024-12-28.
  15. ^ CN patent 204146509, Yubo, Ruan, "Coin storage device", published 2015-02-11 
  16. ^ "Parallel Finance Founder Yubo Ruan Awarded Hurun's US Innovation Most Promising Person 2021" (Press release). Retrieved 2024-12-28.
  17. ^ "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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