Yubo Ruan

Yubo Ruan
Yubo Ruan
阮宇博
Born	October 14, 1996 (age 28); Beijing
Occupation	CEO of 8 Decimal Capital

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

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

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

"Coin storage device"^[15] (2015).

Awards

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

References

^ "北京中学生发明智能存钱罐承载留学梦". Ta Kung Pao. Retrieved 2014-12-02.
^ "Yubo Ruan attended the Techweek LA". Xinhuanet.com. Retrieved 2014-12-02.
^ "A small piggy bank "generates" a big idea". People's Daily. Retrieved Mar 5, 2015.
^ ^a ^b ^c Jeff Kauflin (Forbes Staff). "Tricks Of A Crypto Trader: Meet Asia's Hottest Crypto Hedge Fund". Forbes. Retrieved 2018-08-01.
^ "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.
^ "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.
^ "Fintech startup SendFriend nabs $1.7 million from fresh capital". Tech in Asia. Retrieved Feb 14, 2019.
^ ^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.
^ ^a ^b "Stanford Dropout to $500 Million Business: How Yubo Ruan Built Parallel Finance". 2023-12-22. Retrieved 2024-12-28.
^ "How Crypto Extraordinaire Yubo Ruan Built Parallel Finance, Now Worth $500 Million". 2023-11-28. Retrieved 2024-12-28.
^ "Beijing middle school student Yubo Ruan invented smart piggy bank" (PDF). Ta Kung Pao. Retrieved 2014-12-04.
^ "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.
^ "2014 Zhuma Campus Innovation Marathon Event Ends". Communist Youth League of China. Retrieved Jul 30, 2014.
^ "Parallel Finance Doubles Valuation in $5M Funding Round". Retrieved 2024-12-28.
^ CN patent 204146509, Yubo, Ruan, "Coin storage device", published 2015-02-11
^ "Parallel Finance Founder Yubo Ruan Awarded Hurun's US Innovation Most Promising Person 2021" (Press release). Retrieved 2024-12-28.
^ "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.

[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.

[Forbes2018-4] 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] "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.

[:1-8] "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.

[mashable-9] "Stanford Dropout to $500 Million Business: How Yubo Ruan Built Parallel Finance". 2023-12-22. Retrieved 2024-12-28.

[:0-10] "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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