David Yu

From Wikipedia, the free encyclopedia

David Yu (born 6 November 1967) is the former chief executive officer of Internet betting exchange Betfair and a tech investor.

Education and early career[]

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[]

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 guy, 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[]

He is an early stage tech investor. He was among a group of individual investors and firms that invested seed money in TransferWise, a payment transfer company.[5]

References[]

  1. ^ "TechRepublic - A Resource for IT Professionals". Silicon.com. Retrieved 2012-08-06.
  2. ^ a b Moules, Jonathan (2011-06-21). "From Silicon Valley to Silicon Britain". FT.com. Retrieved 2012-08-06.
  3. ^ Garrahan, Matthew (2006-01-05). "Horton forced out of Betfair after pressure from investors". FT.com. Retrieved 2012-08-06.
  4. ^ "TechRepublic - A Resource for IT Professionals". Silicon.com. Archived from the original on 2012-04-03. Retrieved 2012-08-06.
  5. ^ Johnson, Bobbie. "Transferwise unveils Levchin, other superstar backers". Gigaoam. Retrieved 1 October 2012.

External links[]

Business positions
Preceded by
Sir Robert Horton (executive chairman)
 Chief Executive of Betfair
January 2006 - July 2012 		Succeeded by
Retrieved from ""