David Yu
David Yu (born 6 November 1967) is an American businessman and investor. He is the former CEO of Internet betting exchange Betfair and an active tech investor.
Education and early career[edit]
Yu studied computer science at UC Berkeley and Stanford.[1] He moved to London from California in 2000 at the behest of his employer Alta Vista.[2]
Betfair[edit]
He became chief technology officer of Betfair in 2001. He was promoted to the position of CEO in January 2006 during a turbulent time for the company that saw the shakeup of the positions of CEO and Chairman with Sir Robert Horton being forced out as Chairman.[3] As an IT enthusiast, Yu's promotion to the helm was unusual.[4] He took the company public on the London Stock Exchange in October 2010.[2] David Yu stood down as CEO and from the Board on 31 December 2011 after a 60% drop in share value in the year after listing and the subsequent appointment of Breon Corcoran as his replacement.
Tech investor[edit]
He is also an early stage tech investor. He was among a group of individual investors and firms that invested seed money in TransferWise (now Wise), a payment transfer company.[5]
References[edit]
- ^ "TechRepublic - A Resource for IT Professionals". Silicon.com. Retrieved 2012-08-06.
- ^ a b Moules, Jonathan (2011-06-21). "From Silicon Valley to Silicon Britain". FT.com. Retrieved 2012-08-06.
- ^ Garrahan, Matthew (2006-01-05). "Horton forced out of Betfair after pressure from investors". FT.com. Retrieved 2012-08-06.
- ^ "TechRepublic - A Resource for IT Professionals". Silicon.com. Archived from the original on 2012-04-03. Retrieved 2012-08-06.
- ^ Johnson, Bobbie. "Transferwise unveils Levchin, other superstar backers". Gigaoam. Archived from the original on 2 April 2019. Retrieved 1 October 2012.
External links[edit]
- 1967 births
- 20th-century American businesspeople
- 21st-century American businesspeople
- American chief technology officers
- American computer businesspeople
- American expatriates in England
- American financiers
- American investors
- American people of Chinese descent
- American technology chief executives
- Gambling in the United Kingdom
- Living people
- Stanford University alumni
- UC Berkeley College of Engineering alumni