Cover Gene Yu (centre) is the founder and CEO of Blackpanda, a cybersecurity firm (Photo: Gene Yu)

Ex-Green Beret Gene Yu recounts leading an unsanctioned rescue mission against a terrorist group and transitioning from soldier to cybersecurity startup founder

“Businessmen are motivated by money. Politicians are motivated by power. But warriors are not motivated by either of these things. Warriors are motivated by honour,” says Gene Yu, the founder and CEO of Blackpanda, a cybersecurity crisis response and insurance company with a presence across Asia and the US.

Describing its work as “cyber firefighting”, Blackpanda offers solutions for cybersecurity technology, incident response and cyber insurance. “We combine these three things into one solution. We productised incident response into an insurance product and wrapped it with the SaaS technology,” says Yu.

The firm has formed strategic partnerships with the Cyber Security Agency of Singapore, Singapore Police Force, and major telecommunications providers across Asia, including Singapore’s Singtel, Hong Kong’s Macroview Telecom, Macau’s Companhia de Telecomunicações de Macau and Japan’s Softbank C&S. Together, they monitor cyber threats and vulnerabilities, enhancing regional defences against cyberattacks.

“Cybersecurity insurance is essentially the digital version of high-risk physical security insurance,” says Yu. “There are criminals everywhere—not just local and regional. The entire world can reach out and touch you on the internet. It’s not an IT issue, it’s a security issue.”

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Gene Yu with his younger sister in Massachusetts in 1984 (Photo: Gene Yu)
Above Yu with his younger sister in Concord, Massachusetts in 1984 (Photo: Gene Yu)
Gene Yu with his younger sister in Massachusetts in 1984 (Photo: Gene Yu)

Prior to starting Blackpanda, Yu served as a soldier in the US Army Special Forces—also known as the “Green Berets” after their distinctive service headgear—where he took part in overseas counter-terrorism missions. And before that, he graduated with top honours from the computer science programme at the United States Military Academy at West Point, New York.

Born in Concord, Massachusetts, and later moving to Cupertino, California, Yu grew up caught between two worlds: not Asian enough for his Taiwanese immigrant family “because I didn’t speak Chinese”, while seen as a foreigner by the local American community. As a result, his early life was marked by rebellion as he struggled to find his identity. 

His parents, who fled China to Taiwan during the Chinese Communist Revolution before moving to the US for graduate school, carried with them not just dreams of opportunity but also the weight of family legacy; his uncle Ma Ying-jeou—his mother’s older brother—would later become the president of Taiwan.

Turning rebellion to resolve

In Massachusetts, where Asians were a minority, Yu often faced ignorant comments from teachers and peers about his heritage. At the same time, his parents also pushed him to excel academically and athletically. Yu played tennis at the Division 1 collegiate level, the highest level of the NCAA (National Collegiate Athletic Association) competition.

But his move to Cupertino, California, during his teenage years would bring a new kind of pressure.

There, surrounded by high-achieving Asian peers, Yu struggled with feelings of inadequacy. What had once been his edge—“working harder than my classmates”—was now the norm. This hyper-competitive environment, coupled with his frustration over a lack of clear identity, led him to rebel. “I lost a lot of sense of my own identity and struggled quite a bit in high school. I ended up being kind of a weird cat. I had a Goth look and started wearing a trench coat, and I was shoplifting constantly,” he recalls.

The most pivotal moment of Yu’s journey came through an act of misdemeanour—shoplifting the book, Honor and Duty, by American author Gus Lee. The semi-fictional novel depicts a Chinese American’s experience at West Point in the 1960s. Having grown up in a liberal area of Massachusetts, Yu had never heard of West Point before. The book’s description of the military academy as a place that could break someone down and rebuild them resonated with Yu’s desire to forge his own identity; the academy represented an opportunity for transformation.

There is a Chinese proverb that translates to, “You wouldn’t use a good piece of iron to make a nail, so why would you take a good man and waste him on being a soldier”

- Gene Yu -

His decision to enrol into West Point before turning 18 required a special parental waiver and was not met with enthusiasm by his family. Joining the army went against Chinese cultural norms as military service was often viewed as equivalent to “willingly going to prison”. 

Yu shares, “There is a Chinese proverb that translates to, ‘You wouldn’t use a good piece of iron to make a nail, so why would you take a good man and waste him on being a soldier’.”

Yet his motivation for this atypical decision was singular. “I wanted to do something so hard that people could not ever talk shit to me ever again.”

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Cadet Chapel at United States Military Academy, West Point, New York (Photo: Getty Images)
Above Cadet chapel at the United States Military Academy in West Point, New York (Photo: Getty Images)
Cadet Chapel at United States Military Academy, West Point, New York (Photo: Getty Images)

The transition to the military school was brutal. “I was such a bad pleb,” recalls Yu. “I barely made it through, to be honest. There’s a lot of intense physical education classes and physical education accounts for 15 per cent of your GPA.”

In his first year, he ranked last in military performance and had to endure constant hazing from his seniors, which almost broke him psychologically. He even goes so far as to say that those years were more traumatising than the years he served in the Special Forces.

One time, a mandatory boxing class resulted in a traumatic brain injury that sent the then 17-year-old to the hospital. Instead of quitting, Yu exemplified the warrior spirit he sought to embody. He spent a summer training with a boxing coach, returned to compete in boxing intramurals and won the Brigade Open Boxing Championship in his senior year.

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Above Yu during a boxing match (Photo: Gene Yu)

Choosing the path of the Green Berets

Yu’s journey as a soldier did not end with his graduation from West Point in 2001. Months after graduating, the September 11 attacks happened. “My class of 2001 became known as the class of 9/11. In the entire history of West Point since 1802, there hasn’t been a class like ours that was in combat for 20 years straight. I took [the attacks] very personally,” he says.

After West Point, Yu enrolled in Ranger School, a crucible that further pushed his physical and mental limits. He recalls enduring extreme deprivation—little food, minimal sleep and harsh conditions designed to simulate an actual combat situation. But he also realised a well of resilience in him he didn’t know existed.

Surviving Ranger School was not just a rite of passage, it was the confidence boost he needed to pursue the Green Berets.

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Above Yu at his West Point graduation ceremony in 2001 (Photo: Gene Yu)

As a Green Beret, Yu ascended to one of the highest levels of the US Army Special Forces. He was assigned to a unique regional counter-terrorist unit based in Okinawa, Japan, leveraging his skills and experiences to take on high-stakes missions. He went on four combat tours to Iraq and the Philippines and became one of the most deployed captains in his year group.

In retrospect, Yu views his military life as a defining chapter of his identity. While he candidly admits to hating every day at West Point, likening it to a “minimum-security prison with a strong vocational programme”, he now recognises it as sacred ground—a place that transformed boys into men far beyond their years.

Rescuing Evelyn Chang... and himself

After leaving the military, Yu explored various life and career paths, including going to Johns Hopkins University for graduate school, moving to Hong Kong to join Credit Suisse and working at Palantir in the US. However, his life took a dramatic turn when he was let go from the software company.

A devastated Yu suddenly found himself in unfamiliar territory—unemployed, without a clear purpose and struggling to navigate civilian life. “I was couch surfing, running out of money and unsure of what to do next.”

That’s when his mother rang and told him about the kidnapping of a family friend, Evelyn Chang or Chang An-wei, asking if there was anything he could help with. This was 2013. His mother convinced him to fly back to Taiwan to see if he could tap into his military experience and contacts to initiate a rescue. Upon landing in Taiwan, he realised this was a high-stakes international incident.

Chang, a Taiwanese civilian had been abducted by gunmen while on holiday with her husband at a resort in the state of Sabah in Malaysia. She was taken to the Southern Philippine island province of Sulu, adjacent to Malaysia, and held for ransom. Her husband was shot and killed during the abduction.

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The Second Shot: A Green Beret’s Last Mission is a non-fiction book that tells the true story of an unsanctioned rescue mission the in the jungles of the Philippines (Photo: Little A)
Above Yu’s book, ’The Second Shot: A Green Beret’s Last Mission’, is a non-fiction recount of Evelyn Chang’s unsanctioned rescue mission in the jungles of the Philippines (Photo: Little A)
The Second Shot: A Green Beret’s Last Mission is a non-fiction book that tells the true story of an unsanctioned rescue mission the in the jungles of the Philippines (Photo: Little A)

“At first, I didn’t think about doing anything. But when I heard the victim’s family tell the story, I thought it sounded like [the work of] [the terrorist group] Abu Sayyaf. I did two combat tours in the Philippines, so I was well acquainted with the Abu Sayyaf and the Philippine government military groups.” As he learned more about the case, he also realised that no help was being offered.

For Yu, it was an incredibly serendipitous moment. “For the first time in my life, I was available to orient all of my capabilities to help them with this problem.” He also describes needing this for himself, “for a sense of redemption”.

The mission seemed almost impossible: infiltrate one of the world’s most dangerous regions and bring Chang back safely. But the call to action ultimately marked the beginning of what would become the story of two rescues—one of Chang, and the other, a rediscovery of Yu himself.

His book, The Second Shot: A Green Beret’s Last Mission, released in October 2024, details how he drew on his extensive military experience and network of contacts to gather intelligence and coordinate a daring but successful rescue operation.

“One of the most fascinating things is that people who live in the equivalent of below the poverty line stepped forward to put their lives and careers on the line in a rogue, unsanctioned mission to get Chang out,” he shares. “It is now considered one of the most successful operations against the Abu Sayyaf.”

The unexpected start of Blackpanda

The aftermath of Chang’s rescue thrust Yu into an unexpected spotlight when Taiwanese media revealed his identity as the previously unknown nephew of the republic’s sitting president. The combination of his West Point education, Special Forces background and his familial connection to Taiwan’s highest office created a perfect storm of public interest.

Yu humorously describes this period as his “15 minutes of boyband fame”, where people would run out of cafes to try and take photos with him.

The sudden notoriety also proved to be a powerful business catalyst. He notes, “I could get a meeting with just about anybody at that time.”

During this time, Yu met Matt Pecot, who would be his co-founder at Blackpanda in addition to the company’s chairman and first seed investor. A fellow former Special Forces officer, Pecot had led the same counter-terrorism unit 17 years before Yu. Both men shared the rare distinction of early promotion to the rank of major, forging a mutual respect and connection that became the foundation of their partnership.

Recognising Yu’s potential and extensive network, Pecot proposed launching Blackpanda as a physical security consultancy, with Yu as the face and CEO—marking the start of his entrepreneurial journey.

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Co-founders of cybersecurity and crisis response company Blackpanda Matt Pecot and Gene Yu (Photo: Gene Yu)
Above Yu with his Blackpanda co-founder, Matt Pecot (Photo: Gene Yu)
Co-founders of cybersecurity and crisis response company Blackpanda Matt Pecot and Gene Yu (Photo: Gene Yu)

Yu shares that he carried his appetite for risk into the startup world, although the transition from military leadership to corporate management required significant adjustments on his part.

“Starting a business has a lot of parallels to the military—leading a team, making tough decisions and dealing with uncertainty. But it’s also different in that there’s no rigid structure. You have to create that structure for yourself and your team,” he says. “One thing I carried over from the military is the idea of mission focus. Whether in combat or running a business, you need to have a clear goal and a plan to achieve it.”

He also had to unlearn certain military approaches, especially in terms of communication. The direct and candid communication style that served him well in the army needed refinement, especially within the Asian business culture, where an indirect approach is often preferred. He also learned the hard way that unlike in the military, where soldiers couldn’t simply quit, corporate employees could—and would—walk away if they were pushed too hard.

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(Photo: Gene Yu)
Above Blackpanda announced that it raised a total of US$21.7 million in Series A funding from Primavera Venture Partners, Singtel Innov8, Gaw Capital Partners and WI Harper Group in September 2024 (Photo: Gene Yu)
(Photo: Gene Yu)

Today, after five pivots, Blackpanda has found its niche. “What we’re doing is a business model disruption. We’ve made incident response 10 to 20 times less expensive than our competitors,” says Yu.

It has offices in Singapore, Manila, Hong Kong, Tokyo and San Francisco, and is backed by major investors, including Gaw Capital Partners and SingTel Innov8. 

The company’s success validates Yu’s unique approach to security, which combines ancient security principles with modern digital needs. As he puts it, “The physical safety and security models have been worked out by our ancestors for thousands of years. Just because they weren’t technical doesn’t mean they weren’t smart; they worked out models of how to protect ourselves and those need to be replicated inside the digital space.” 

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Blackpanda has been around for nine years, or what Yu describes as a “nine-year combat tour”, and now his priorities have shifted. With the recent hiring of key executives, Yu wants to return to sales and marketing—areas he considers his strengths.

More importantly, he has discovered that building a trusting relationship with his employees has become his primary source of motivation, superseding even the company’s achieved success. “What I care about most right now is relatedness. I care a lot more now about having meaningful relationships in the company and being happy about the people that I’m around,” he says.

Growing its presence globally, the company is preparing to expand into Australia, furthering its mission to bridge the innovation gap between Eastern and Western markets in cybersecurity solutions.

We ask Yu a series of quickfire questions to learn what makes him tick. 

The biggest misconception about the Green Berets?

Gene Yu (GY): That we can do everything. We get put on a pedestal a little bit too much. Often people think we’re [like] Olympic athletes. The movies do glamorise quite a bit of it, but at the end of the day, we’re normal people, just with probably a bit more motivation in certain areas.

What’s the coolest thing about working in cybersecurity?

GY: Being in crisis response helps provide quite a bit of meaning and utility because we save companies’ lives every single day. It creates a sense of purpose to see how important our work is for our victims. 

The best advice you’ve received?

GY: The best advice I ever received was from a friend who said, ‘Marry a woman that you feel comfortable will raise your children the way that you want if you die.’

Most uninsurable industry?

GY: Sorry to all the crypto bros out there, but crypto is a super high risk for cyber insurance. The other industries that generally can’t be touched are pornography and gambling.

Why do you do what you do?

GY: I like to solve complex problems, particularly ones that I feel I have a unique set of skills, knowledge and abilities to handle. I believe a lot of happiness is derived from a sense of service. The truth is, I can get a sense of the utility of going out and doing charitable work, but the fact is that a lot of people can do that.

So, the sense of well-being that I have from being a security expert and now my entire career being across both public, personal and private sector domains, I’ve come to realise that is actually what I was put on Earth to do. I derive a tremendous sense of purpose and clarity around the work I do each day because it’s something I’ve developed a unique set of skills for.


This article is part of Founder Stories, a series dedicated to discovering the untold stories and challenges of today’s entrepreneurs on their climb to the top.

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