Chad Liu

I’ve tried quite a few things over the course of my life. I was a math major in undergrad, then held jobs across petroleum engineering, software engineering, and business consulting before pursuing my MBA and ultimately ending up working with startups. However, throughout all of these pursuits, I always knew I wanted to start my own company.

Wanting to be an entrepreneur was heavily influenced by my father. When I was 9, my dad started a small oil and gas company in China. Seeing him grow the company to over 100 people over the course of 10 years gave me a lot of confidence and courage to follow in his footsteps. My first venture during graduate school was to bring a new oil and gas pump invention to the U.S. market. That business didn’t pan out as expected but we had a nice run piloting the product with two big service companies in Texas.

It was later in my life while studying at UPenn Wharton that I discovered blockchain technology. It was the first time I felt I’d truly found something worth dedicating my life to - a technology that could have broad, global impact by fundamentally restructuring how trust is established. 

In 2020, I started building an insurance protocol with a few friends in the DeFi space, with the ambition to automate insurance business logic on the blockchain, removing overheads in traditional insurance companies. We successfully completed fundraising, grew the team from 3 to 10 people, launched our first product, and are continuously innovating new financial solutions.