25-year-old genius entrepreneur receives strategic investment from Sequoia Capital, Parallel Finance valued at $250 million

Ruan Yubo, a young entrepreneur born in 1996, has attracted widespread attention in the industry for his extraordinary talent and achievements. This young man, hailed as a genius geek, started self-learning computer programming at the age of 6 and has won multiple technology invention awards and patents during his high school years.

At the age of 17, Ruan Yubo founded his first company, focusing on the development of financial education hardware for children. At 21, he established an investment institution in Silicon Valley, USA, focusing on venture capital in cutting-edge technology fields, managing funds exceeding 60 million USD. Meanwhile, he did not abandon his studies and pursued majors such as computer science, finance, and economics at several prestigious universities.

At the age of 25, Ruan Yubo has embarked on his entrepreneurial journey again, founding Parallel Finance, a DeFi parachain project built on the Polkadot ecosystem. Surprisingly, just 7 months after its establishment, Parallel Finance secured strategic financing led by a well-known investment firm, with a post-investment valuation reaching $250 million.

Industry experts believe that Ruan Yubo and his team have established a platform in a short period of time that makes decentralized finance more accessible to institutional and retail investors, marking the first step towards penetrating the traditional financial sector. This achievement demonstrates Parallel Finance's potential to promote DeFi to a broader audience in the future.

Ruan Yubo holds an optimistic view on the prospects of blockchain technology. He believes that blockchain is the next generation of the internet and may even bring about a larger scale transformation of social cooperation than the internet. "I expect that in the next decade, most companies will exist in the form of decentralized collaboration or build their own applications on blockchain networks," Ruan Yubo stated.

He further explained that blockchain will empower users with more rights, fundamentally changing existing business models. In this new model, users will become part of the company, having voting rights over platform operations, and sharing more benefits through smart contracts.

Although the blockchain industry has experienced ups and downs, Ruan Yubo believes that the current development of this technology is mainly constrained by regulation and technology. He predicts that this process may take 5 to 10 years, with the financial industry being the first to be affected. As technology continues to advance, other internet industries such as O2O, social networks, and ride-sharing will also integrate with blockchain in some way.

Since starting his first business at the age of 17, Ruan Yubo has faced pressures and challenges that few of his peers experience, while also achieving success. He admits that he has thought about giving up, especially during his initial venture, where he had to deal with company management and operational issues in addition to technology. However, as he has progressed, he feels a strong sense of accomplishment and now fully enjoys the experience.

Looking back on his growth journey, Ruan Yubo believes that the two most fulfilling achievements 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. "Seeing the book 'Steve Jobs: A Biography' in high school had a great impact on my worldview; I found myself yearning for the profession of an entrepreneur."

In the future, Ruan Yubo will continue to carry the dreams of entrepreneurship, investment, and technology, exploring more possibilities in the fields of blockchain and decentralized finance.