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Lucy Guo

From Dreamer to Achiever: The Unforgettable Journey of Lucy Guo

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At age 25, Alexandr Wang maintains the record of becoming the youngest self-made billionaire all over the globe. His start-up, Scale AI, which he founded together with someone in 2016, accounts for the majority of his “one billion dollar” worth of assets. The tech firm has currently a 7.3 billion USD market worth. Wang has caused impacts in the IT industry, but he’s not the only one. Lucy Guo, the previous co-founder, also seems to be receiving well-deserved praise.

Lucy Guo
Image Source: tuko.co.ke

She was recently ranked second after Kylie Jenner in Forbes’ list of the wealthiest self-made women under 40, having a probable market worth of 440 million USD. Rihanna, Huda Kattan, Maria Sharapova, & Taylor Swift are among the other celebrities on the list.

Also Read: Alexandr Wang: From MIT Dropout to youngest billionaire

Guo picked up programming while she was in the second grade, as per a New York Post feature. Guo, whose parents both work as electrical engineers, did not have parents who would push them to go after their passions. Since it’s challenging for women to succeed in the industry, her mother in particular discouraged her from going into technology.

The 27-year-old tech genius seemed unfazed, though. Guo ultimately enrolled in Carnegie Mellon’s computer science program but left early to go after a Thiel Fellowship, which was created by Peter Thiel, a co-founder of PayPal.

As per the fellowship’s website, it “gives US$100,000 to young people who want to build new things instead of sitting in a classroom”.

Source: scmp.com

Lucy Guo credits her early acquaintance with tech due to her growing up in Silicon Valley.

She started building websites in the sixth grade after learning how to program, and by the time she was a senior in high school, she was bringing in five figures through online marketing and advertisements.  She produced consumer online and mobile applications as a part-time developer, such as FriendSwipe, AccessURL, & Pokecrew.

She was working at Quora prior to co-founding Scale AI, and she then became Snapchat’s first female creator.

In 2018, the same year Wang and Guo were named to Forbes’ 30 under 30 list, Guo quit Scale AI. She still has a six percent ownership position in the business.

She helped establish the business firm Backend Capital in 2019 in its earliest stages, as reported by Forbes. She started the tech startup, Moment this April. The moment is supported, according to its website, by Antifund, a venture capital company established by Geoffrey Woo along with Jake Paul.

Alexandr Wang

Alexandr Wang: From MIT Dropout to youngest billionaire

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In the renowned Silicon Valley, Alexandr Wang is a person to be noted. The youngest billionaire in the world has made headlines as a fearless businessman with a goal to surpass Jeff Bezos or Elon Musk in terms of success.

Alexandr Wang
Image Source: forbes.com

Alexandr Wang is the CEO of Scale Al, the company he co-founded in 2016 when he was just 19 years old. Alexandr Wang has a net worth of over $1 billion.

Early Life

Wang, the son of Chinese immigrants who grew up on a military base in New Mexico, created a data-tagging system as a summer project that has been hailed as a phenomenon by experts in artificial intelligence. The greatness Wang has generated may be somewhat attributed to his early life and upbringing.

Also Read: From Engineer to Entrepreneur: The Rise of Kyle Vogt

His parents were physicists working on projects for the US military. The young billionaire spent his formative years close to the top-secret government facility in New Mexico known as Los Alamos National Laboratory, which is where the first nuclear weapon in history was developed.

By the age of 17, he was a full-time coder at the question-and-answer website Quora. Here, Wang first met Lucy Guo, who later joined him in founding Scale AI. Wang then made the decision to attend MIT to study machine learning.

The following year, he and Guo founded Scale after obtaining funding from Y Combinator.

Success Story

With approximately $100 million in annual revenue, Wang’s company Scale AI was valued at $7.3 billion following a $325 million fundraising round last year. According to Forbes, Wang is the youngest self-made millionaire in the world with an estimated $1 billion value of 15% ownership in his company.

Wang has already been mentioned in Forbes’ 2018 30 under 30 list before obtaining the notable title of being the world’s youngest self-made millionaire. The annual list highlights the most outstanding rising stars, entrepreneurs, thought leaders, and brilliant brains from a variety of various fields and businesses.

Also Read: Herb Chambers: A High School Dropout becoming a Billionaire

Wang and Scale co-founder Lucy Guo were listed on the prestigious list under the heading of Enterprise Technologies. The scale uses robust techniques to identify raw data more quickly than human analysts. For example, its AI-based technology gathers satellite imagery of crucial geopolitical challenges for its national security clients, such as the Ukrainian War.

Additionally, it filters unfiltered data for more than 300 corporations, including General Motors, including millions of shipping papers. The scale has been collaborating extensively with the USA and Ukrainian authorities over the past few months to gain a deeper understanding of the situation in the area. This effort is enabling both governments to direct humanitarian and medical resources where they are most needed.