The Man Who Built a $10B Exchange With 11 People and No VC Money

Hyperliquid is one of those stories that forces you to reconsider most of what you think you know about how companies get built. Jeff Yan, Harvard graduate and gold medallist at the International Physics Olympiad, turned down a $1 billion funding offer, never took a dollar of venture capital, and built a crypto trading exchange that generated over $900 million in profit with 11 employees. At three years old, it has a market cap of $10 billion. The numbers are hard to believe. ...

April 19, 2026 · 2 min · 340 words · bjr