Just do it, says Yahoo's teen app millionaire
LONDON (REUTERS) - Got a tech idea and want to make a fortune before you're out of your teens? Just do it, is the advice of the London schoolboy who has just sold his smartphone news app to Yahoo for a reported US$30 million (S$37.4 million).
The money is there, just waiting for clever new moves, said 17-year-old Nick D'Aloisio, who can point to a roster of early backers for his Summly app that includes Yoko Ono and Rupert Murdoch.
"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 told Reuters in a telephone interview late on Monday.
The terms of the sale, four months after Summly was launched for the iPhone, have not been disclosed and Mr D'Aloisio, who is still studying for school exams while joining Yahoo as its youngest employee, was not saying. But technology blog AllThingsD said Yahoo paid roughly US$30 million.
LONDON (REUTERS) - Got a tech idea and want to make a fortune before you're out of your teens? Just do it, is the advice of the London schoolboy who has just sold his smartphone news app to Yahoo for a reported US$30 million (S$37.4 million).
The money is there, just waiting for clever new moves, said 17-year-old Nick D'Aloisio, who can point to a roster of early backers for his Summly app that includes Yoko Ono and Rupert Murdoch.
"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 told Reuters in a telephone interview late on Monday.
The terms of the sale, four months after Summly was launched for the iPhone, have not been disclosed and Mr D'Aloisio, who is still studying for school exams while joining Yahoo as its youngest employee, was not saying. But technology blog AllThingsD said Yahoo paid roughly US$30 million.
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