17-year-old Student Sells App to Yahoo for $30 Million

A 17-year old app prodigy just made himself a millionaire by selling his news-reading application, Summly, to Yahoo for $30 million.

Nick D’Aloisio, currently one of the youngest millionaires, self-studied making softwares since he was 12 in his bedroom in London, built an iPhone app which summarizes news stories that fits the small screen for free when he was just 15. And now that he is 17, he sold his app to one of the biggest internet companies making himself the youngest self-made entrepreneur.

With his self built app, he received supports from large companies such as Li Ka-Shing’s Horizon Ventures and Mark Pincus’s Zynga Inc. Even the actor Ashton Kutcher also recognized Nick and backed him.

Nick’s App, the Summly, had been downloaded already for 1 million times before it was pulled from the app store. The app had deals from 250 huge online publishers. This is quite amazing for a self-taught programmer.

In an interview with Nick D’Aloisio, he said that joining one of the most successful internet companies is the best for him right now. “With new leadership from Marissa Mayer, Yahoo has a strong focus on mobile and product, and that’s the perfect fit for Summly.” he added.

Nick D'Aloisio

He took a break from school for 6 months to focus working in his app. Now, he will join the Yahoo team in London while having classes at night and live with his parents.

One comment

  1. March 28, 2013 at 4:52 am

    Wow!!! Its a great news. He has a great and innovative mind. I congress him for this achievement.

Comments are closed.