The Web3 Journey of a 25-Year-Old Genius Entrepreneur

Ruan Yubo, a 25-year-old genius geek, is making waves in the Web3 field. From self-learning programming at the age of 6 to founding a tech company at 17, and then establishing an investment firm at 21, Ruan Yubo's journey is astonishing.

This young man, born in 1996, won 13 scientific invention awards and 5 patents during his middle school years, including the first prize at the Microsoft Imagine Cup and first place at the Nuremberg Invention Contest in Germany. At the age of 17, he founded his own technology company, focusing on the development of financial education hardware for children.

In 2017, Ruan Yubo founded BAW Capital in Silicon Valley, USA. This investment institution focuses on cutting-edge technology and manages funds exceeding 60 million USD. While making a name for himself in the investment field, he did not give up on his studies, pursuing majors in computer science, finance, and economics at Boston University, the University of Pennsylvania, and Stanford University.

Today, Ruan Yubo has once again entered the public eye as the founder of Parallel Finance. Parallel Finance is a DeFi parachain built on the Polkadot ecosystem and is regarded as a leading project within the Polkadot ecosystem. In November 2021, the project received a strategic investment from a well-known venture capital institution, achieving a post-investment valuation of $250 million, just 7 months after Parallel Finance was established.

Ruan Yubo has unique insights into blockchain technology. He believes that blockchain is the next generation of the internet and may even bring about a larger scale of social collaboration changes than the internet. "I expect that in the next decade, most companies will exist in the form of decentralized collaboration or build applications on blockchain networks," he said.

In Ruan Yubo's view, blockchain will reshape business models and empower users with more rights. In traditional models, users are merely recipients of services, while in blockchain models, users will become part of the platform, possessing voting rights and sharing more benefits through smart contracts.

Despite the ups and downs in the blockchain industry, Ruan Yubo still firmly believes in its potential. He noted that the current development of blockchain is mainly restricted by regulation and technology, but this process may take 5 to 10 years. He predicts that the financial industry will be the first to be affected, followed by the integration of blockchain with internet industries such as O2O, social networks, and shared mobility.

Behind Ruan Yubo's success lies pressure and challenges that are hard for ordinary people to imagine. He admits that especially during his first entrepreneurial venture, he had to face not only technical issues but also company management and operational problems, and he once considered giving up. However, as he has progressed, he feels a great sense of accomplishment and now fully enjoys it.

In more than 20 years of growth, the two things that Ruan Yubo is most proud of are entering Stanford University to study and starting a business during high school. He stated that his idol during high school was Steve Jobs, who inspired his entrepreneurial ideas. "The book 'Steve Jobs' had a significant impact on my worldview, making me realize that I yearn for the profession of an entrepreneur."

In the future, this young entrepreneur will continue to explore in the fields of entrepreneurship, investment, and technology, contributing his strength to the development of Web3.