Phoebe Liu is a Forbes reporter who writes about the world's richest people with a focus on tech and philanthropy and works on Forbes’ flagship Forbes 400 and World's Billionaires lists. Recently, she wrote about Sam Altman's investments, Elon Musk's billionaire investor confidant and the billionaires buying Hawaii land.
Shuo Wang moved to the U.S. as a teenager and sold scooters at flea markets on weekends. Now the cofounder and chief revenue officer of human resources software unicorn Deel is worth an estimated $850 million.center stage in a lime dress and white sneakers, Shuo Wang presses a microphone to her mouth with one hand and gestures assuredly with the other.
Wang’s adaptability, along with her relentless execution and extreme focus, has helped catapult Deel past $500 million in annual recurring revenue, it announced this March, less than five years after its founding. Deel says it has been profitable since September 2022; it wrapped up its last fundraising in April 2022 at a valuation of, with a stake estimated to be worth $850 million. Wang, through a Deel spokesperson, declined to comment for this story.
In 2015, Wang dropped out of graduate school and applied her robotics expertise to air purification company Aeris, which she cofounded with Bi, who was CEO. In Aeris’ early days, Wang helped the founding team connect with investors, including Tencent cofounder Vic Lee, according to Bi. “She's had this very good grasp of presenting her deep technical knowledge to less tech-savvy people and getting them excited to help them connect with this world,” Bi said.
By the time Deel had completed the YC program in 2019, it had landed on a product that resonated with customers and quickly became known for prioritizing speed.
Startup Billionaire Self-Made Women Shuo Wang Alex Bouaziz Payroll Software
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