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Core Insights - Wang Shuo, a Chinese-American entrepreneur, has made significant strides in the business world, ranking 39th on Forbes' "2024 America's Self-Made Women" list with a net worth of $850 million [2][4] - She founded Deel, a human resources service company, in 2019, which has grown to a valuation of $12 billion in just five years, making it one of the fastest-growing SaaS companies globally [4][27][28] Group 1: Wang Shuo's Background and Early Career - Wang Shuo was born in Shenyang, Liaoning, and moved to the U.S. at 16, where she helped her mother in business, gaining early entrepreneurial experience [6][7] - She attended the Massachusetts Institute of Technology (MIT), majoring in mechanical engineering, but dropped out after one year of graduate studies to pursue entrepreneurship [9][12][13] - Her first venture was a company called Aeris, which she co-founded and later sold for $100 million, allowing her to achieve financial independence at a young age [17] Group 2: Founding and Growth of Deel - Wang Shuo identified a market need for a platform that simplifies international employment processes, leading to the creation of Deel in April 2019 [21] - Initially focused on cross-currency payroll, Deel quickly pivoted to target enterprise users, which significantly increased its user base [24] - The company experienced explosive growth during the COVID-19 pandemic, with revenue skyrocketing from $4 million in 2020 to over $500 million in 2023, marking a 13-fold increase [27][28] Group 3: Strategic Insights and Company Structure - Wang Shuo's foresight about the future of remote work positioned Deel advantageously ahead of the pandemic [29] - Deel operates without a central headquarters, employing over 3,000 remote workers across 180 countries, showcasing a modern approach to business operations [34] - The diverse backgrounds of Wang Shuo and her co-founder, who understand both Eastern and Western markets, have been crucial to Deel's success in the international HR services sector [32][33]