The average 18 year old kid normally has a couple hundred dollars and is trying to figure out what moive they want to spend their money on. Not so with Nick D’Aloisio. The British born Australian computer programmer and entrepreneur recently sold his company, Summly, for 30 million dollars to Yahoo! at the age of 18. He currently plans to test out of high school and go work at Yahoo’s offices in London. D’Aloisio was awarded “Innovator of the Year” in New York City by the Wall Street Journal for his work on Summly and at Yahoo. Additionally, D’Aloisio was included in TIME Magazine’s ‘Time 100’ as one of the world’s most influential teenagers.
D’Aloisio created Summly to solve problems with the way news articles were viewed on smartphones. His initial app recorded over 200,000 downloads. An influx in corporate support of roughly $1,000,000 in new venture funding spurred Summly to its eventual sale for $30 million. Prior to this, D’Aloisio was the youngest entrepreneur to ever receive venture capital at the age of 15.
This is mind blowing that a high schooler has already made and sold a company. It’s amazing how some people are wired as entrepreneurs at such a young age and they don’t even need to be coached or taught. I can’t wait to see what he is going to do in the future!
I find this story to be very inspiring! At the age of 15, he was able to identify a problem and find a solution that would solve it. Nick is a great inspiration for any young entrepreneurs that have an idea they want to pursue!
This is astounding to see that he became so rich at such a young age. News is such a relevant topic in every day lives and the fact that he simplified how it is viewed is revolutionary. This will serve as a better process for anyone who looks at news from their mobile device. It will be interesting to see what he does in the future.
This kid is so cool! To be the youngest kid to receive venture capitalist money would be something to brag about. He addressed a need that he saw and fixed it. To get $30 Million as an 18 year old must have been mind blowing. He now has a set career at Yahoo which is really cool as well.