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Yahoo Buys 17-Year-Old’s Startup for $30M

Yahoo Teen

British whiz kid Nick D’Aloisio has reportedly sold his news app Summly to Yahoo for $30 million, leaving everyone else wondering what they’re doing with their lives.

The idea for the app, which essentially condenses content on a smartphone, came to the teen when he was 15 and studying for exams. He went on to crate a prototype of the app and attracted a slew of celebrity investors including Ashton Kutcher and Yoko Ono. Random.

“If you have a good idea, or you think there’s a gap in the market, just go out and launch it, because there are investors across the world right now looking for companies to invest in,” he said.

I guess there’s not a gap in the market for Current Event Cats. Otherwise I’d be an Internet billionaire.

D’Aloisio will reportedly work from Yahoo’s London office so he can still finish his exams. He will also be the company’s youngest employee. I would hope so.

Which part of this article puts me most to shame?

  • a)   The fact that he’s is younger than Yahoo, which was incorporated in 1995.
  • b)   The fact that he effortlessly created a million dollar product while studying for a history exam
  • c)   The fact that he looks like a techie version of Justin Beiber
  • d)   All of the above

The answer, of course, is all of the above!

Via: The Washington Post

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