There’s nothing quite like the success of a young entrepreneurs. The success of Nick D’Aloisio is no exception. This 17 teen-year-old self-made millionaire started his career as an app developer at the ripe age of twelve. He saw a unique problem that called for action and used his childhood creativity to produce a useable and potentially valuable solution. Nick found that when reading, most authors were unnecessary wordy. He searched for a way to condense the text into a simpler and less time consuming version but turned up empty handed. Nick, who had been working on computers since he was six years old, decide to develop an app. This beyond brilliant teenager began developing his app, and by the time he was fourteen introduced Trimit; a useful and easy to use text summarizer. The app was a huge success and after only a few months in production he sold the application for 300,000 dollars. Instead of spending the cash, he re-invested the money into a new app. Nick spent the next two years creating a better, faster and more accurate version of Tirimit. He introduced his new app, Summly when he was seventeen. The app sold almost instantly. Yahoo saw the potential of this great idea and purchased the smartphone app for 30,000,000 dollars. Nicks was not able to succeed simply because of his obvious brilliance, he had to put in years of hard work to achieve it. After all, “Genius, that power which dazzles mortal eyes, Is oft but perseverance in disguise.” — Henry Austin
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Thanks for sharing! Talk about someone who is not in it for the money but who truly has a passion for their work. Passion and success seem to go hand in hand, especially in the entrepreneurial world. This is a great example and reminder of that.
This is a great story. I love how he was able to take one of his own pet peeves, solve it, and turn it into a business. It amazes me how ideas like this can come from young minds. There is no age to innovation! Thanks for sharing JP!
Man, I wish I would have known about Trimit when I was writing my paper the other night! The idea is absolutely brilliant and I still can’t believe that Yahoo purchased it for $30,000,000. This story definitely encourages me to pay attention to the pain and problems in world and to always be looking for innovative solutions. Awesome story. Thanks JP!
This is such a cool idea. I don’t think I’d be able to develop an app even now, but he did at such a young age! I’m definitely going to look into this app, it could be so helpful for college students! Thanks so much for sharing this interesting story!
Honestly amazing! to think that he started with one idea that serve many. He had an idea that he knew could help many and it worked out very well for him. I’m sure he will continue to do the work that he has been doing and become even more successful. Thanks for sharing.