Lucy Guo is a tech entrepreneur who is best known for co-founding the AI data platform Scale AI with Alexandr Wang. Oh, and she’s also the second-richest self-made women under 30 (behind Kylie Jenner)!
But what’s Lucy Guo’s net worth? And how did she make her money? Keep reading to find out!
Who Is Lucy Guo?
To start with the basics, Lucy Guo is a programmer, product designer, entrepreneur, and investor from San Francisco, California, born on October 14th, 1994.
Now, let’s get to know Lucy Guo a bit better!
Lucy Guo’s Education
As a gifted high school senior, Lucy Guo was accepted into Carnegie Mellon University’s Computer Science and Human Computer Interaction programs. She loved her courses and quickly realized that she wanted to pursue a career in tech.
However, after only three years at Carnegie Mellon, Guo decided to drop out. Why not finish her final year and earn a degree? Well, because she had won a 2014 Thiel Fellowship—a fund founded by Peter Thiel that annually awards 20-25 students $100,000 each to put towards making the world a better place.
Not bad for a 21-year-old!
Lucy Guo’s Early Employment
After winning the Thiel Fellowship, Lucy Guo started applying for internships and jobs at various Silicon Valley companies to gain some professional experience.
She started out as a software engineering intern at Facebook where she worked on the company’s Messenger product making UI mockups and VoIP feature prototypes.
From there she made the jump to question-and-answer company Quora where she worked as a product designer. As it happened, Alexandr Wang was also gaining work experience at Quora. The pair immediately saw something in each other and began working on a little project together—but more on that later.
After some time at Quora, Lucy Guo accepted a product design role at another company you may have heard of—Snapchat. For those keeping score, that’s three impressive Silicon Valley jobs in a little under three years—all while working on a startup on the side!
And speaking of startups…
Lucy Guo’s Role in Co-Founding Scale AI
Lucy Guo’s claim to fame that she is the co-founder and former COO of Scale AI—a data platform that uses artificial intelligence (AI) to help businesses make better decisions that’s now valued at over $7.3 billion. This is that “little project” she and Alexandr Wang started working on at Quora.
Scale AI was part of the 2016 batch of Y Combinator and quickly earned the attention of outlets like TechCrunch and Gizmodo. From there, getting investors on board was relatively easy!
Over three funding rounds between 2016 and 2018 when she left the company, Lucy Guo’s startup managed to raise over $135 million in investment capital. Not too shabby!
What Is Lucy Guo’s Net Worth?
Most of Lucy Guo’s wealth comes from her 6% stake in Scale AI—a company worth $7.3 billion as of its most recent valuation. That stake is currently valued at approximately $438 million!
In addition to her Scale AI shares, Guo also owns a number of properties and cars—including a $6.7 million home at Miami’s 1000 Museum and a roughly $400,000 custom Ferrari Roma.
Lucy Guo also owns shares in a number of startups and blue chip companies—but we can only guess at the total amount.
When you add up all these assets, we see that Lucy Guo’s net worth is likely around $445 million! That’s only around $150 million less than Kylie Jenner’s net worth, making Lucy Guo the second-richest woman under 30.
What Is Lucy Guo Up to Now?
Lucy Guo is still only 27 years old, but she’s already accomplished more than most people do in a lifetime. And she’s showing no signs of slowing down any time soon!
What’s next for the young entrepreneur? Well, in 2019 she founded the VC firm Backend Capital with Dave Fontenot and continues to manage it to this day. So far, the fund has invested in 45 companies, with recent investments in:
Lucy is also currently working on a startup called Passes. Passes is a Web3 product that Lucy claims will help you “seamlessly manage and scale your digital identity and assets.” We’re not entirely sure what that means, but we’re excited to find out!
What Does Lucy Guo Do for Fun?
Like many 20-year-olds, Lucy Guo loves to party. She’s been known to throw some pretty crazy parties at her Miami mansion. In one notable example, Lucy invited around 150 engineers over for a party via Twitter (much to the annoyance of the Homeowners Association).
She also loves house music and can often be found traveling to her friend’s DJ sets in Las Vegas, Ibiza, and Berlin.
When she’s not busy working or partying, Lucy love spending time exercising and spending time with her family. She’s particularly close to her mother, whom she often refers to as her best friend.
What Does Scale AI Do?
In a nutshell, Scale AI helps businesses make better decisions by using data that is collected by algorithms and machine learning. This data is then used to train models that can improve a company’s decision-making process—whether it’s in the area of marketing, product development, or something else entirely.
In other words, Scale AI takes data that would normally be difficult for humans to process and makes it digestible by machines. This allows businesses to make more informed decisions and, ultimately, operate more efficiently.
For example, let’s say you own a clothing store. You might use Scale AI to better understand what your customers want and need. By analyzing data related to customer behavior, you can get a pretty good idea of what kinds of clothing they’re interested in and what kind of prices they’re willing to pay.
This, in turn, allows you to make better decisions about the types of clothing you stock in your store and the prices you charge. As a result, you’re able to increase sales and improve customer satisfaction—all thanks to Scale AI and Lucy Guo!
Lucy Guo is a 27-year-old entrepreneur with a net worth of approximately $445 million. She is the co-founder of Scale AI and Backend Capital and is currently working on a startup called Passes.
She’s accomplished a lot for someone so young, and shows no signs of slowing down any time soon! We can’t wait to see what she does next.