A 17 years old teen got 30 million $ from Yahoo! The reason it’s incredible!

A 17 years old teen got 30 million $ from Yahoo! The reason it’s incredible!

A 17 years old teen got 30 million $ from Yahoo after he sold his startup, called Summly. His name is Nicik D’Aloisio and now he’s one of the richest teens in the world.

A 17 years old teen got 30 million $ from Yahoo! His name is

A 17 years old teen got 30 million $ from Yahoo! His name is Nicik D’Aloisio (source: youtube)

Before getting shut down by Yahoo, Summly was a very clever app, from my point of view. It’s purpose was to skim the world’s sources of news, and redistribute them to the readers in a new innovative and personalized way. There are rumors that the deal is quite odd, and here a few of the reasons:

  • the app, Summly, did not have too many users or any revenue, and Yahoo is buying the app only to shut it down – their argument for this is that they want Summly’s CEO to lead the company in mobile.
  • Summly’s CEO lives in London where he’s studying (10000 miles away);
  • the CEO is only 17 years old and I don’t think he’s able to lead or inspire adult Yahoo engineers;

Whatever might be the reason, we have to remember it’s Yahoo we’re talking about, and to be honest 30 million $ it’s not a big deal for them to spend. One way or another, Nicik D’Aloisio is a 17 years old teen got 30 million $ from Yahoo.

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