17-Year-Old Sells Mobile News App To Yahoo For $30 Million

http://jobs.aol.com/articles/2013/03/25/nick-dalosio-summly-yahoo-sale/

Quote :

Two years ago, a 15-year-old Brit named Nick D'Aloisio built a mobile news app which he called Summly. Sorting news by topics, the iPhone app then aggregates (and sums up) in bits ideal for the cell phone. Is that app worth $30 million? Yahoo thought so, according to All Things D.

On Monday, Yahoo announced that it bought Summly. While Yahoo didn't disclose the price, All Things Digital's Kara Swisher reports that Yahoo paid $30 million. D'Aloisio is just 17 years old.

D'Aloisio and his "team" will be joining Yahoo in a few weeks, but the app will be shut down, Yahoo said. The technology powering Summly will "come to life" through Yahoo's own mobile products, according to Mashable. The purchase was seen as part of Yahoo's attempts to reinvigorate itself.

According to news reports, D'Aloisio taught himself how to make an app. He first launched Trimit, which automatically trimmed news stories to 140 characters so that people could tweet it. Then he decided to turn that into an app which would summarize the news for users, and Summly was born. "We live in a world constant information and need new ways to simplify how we find stories," Yahoo's release says, calling Summly a "simple and elegant way to find the news you want."

Compacting information so people don't have to read as much? Yeah that sounds like it would be popular in today's World.

Lucky bastard. $30 mill when you're 17 god just think of the pussi.

Ali* wrote:

Lucky bastard. $30 mill when you're 17 god just think of the pussi.

Not just that, he is only a Jr in High School but will test out of his Sr year and go work for Yahoo.

OU wrote:

Ali* wrote:

Lucky bastard. $30 mill when you're 17 god just think of the pussi.

Not just that, he is only a Jr in High School but will test out of his Sr year and go work for Yahoo.

Fuck that. I'd do my senior year and be the thirty million dollar man on campus...and just pound Vag.

but seriously...he comes up on 30 million and the first thing he wants to do is get a fuckin job?

KingsOwn19 wrote:

OU wrote:

Ali* wrote:

Lucky bastard. $30 mill when you're 17 god just think of the pussi.

Not just that, he is only a Jr in High School but will test out of his Sr year and go work for Yahoo.

Fuck that. I'd do my senior year and be the thirty million dollar man on campus...and just pound Vag.

but seriously...he comes up on 30 million and the first thing he wants to do is get a fuckin job?

He was offered a job a Yahoo, I'm sure making serious bank probably just paid to brainstorm and be as creative as possible. I'm sure it's a sweet gig. Give 30 million to a 17 year old athlete and that shit is gone in a year. Give it to a super geek and he is on his way to becoming a billionaire in the next 10 years.