on UK teen Nick D
The app launched when Mr D was aged just 15, and soon attracted more than 1m of investment. He is now likely to be one of the world youngest self made multi millionaires.
Speaking to the London Evening Standard, the Wimbledon based teen said: “I like shoes, I will buy a new pair of Nike trainers and I probably get a new computer, but at the moment I just want to save and bank it.
“I don have many living expenses.”In a note on the Summly blog, Mr D wrote on Monday: “When I founded Summly at 15,Custom bobbleheads, I would have never imagined being in this position so suddenly.
“I personally like to thank Li Ka Shing and Horizons Ventures for having the foresight to back a teenager pursuing his dream. Also to our investors, advisers and of course the fantastic team for believing in the potential of Summly.
Yahoo senior vice president of mobile,bobbleheads 39, Adam Cahan, said the company was “excited” to have Mr D and his colleagues on board.
“For publishers, the Summly technology provides a new approach to drive interest in stories and reach a generation of mobile users that want information on the go,Personalized Bobbleheads,” he wrote.
Less enthusiastic about the acquisition was app developer Little Fluffy Toys.
The London based company was commissioned by Mr D to create an Android version of the Summly app which was days away from launch.
Little Fluffy Toys director Kenton Price who is also contracted by the BBC said that his firm was told the Yahoo deal was on the cards, but was “disappointed” the app would now never be released.
+3 Comment number 197. avonroad
25th March 2013 23:41 It seems thtere are 2 kinds of people commenting here:
1) Those who focus on a bright teenager and say ‘well done’ (except a few who focus on family advantage)
and 2) those who focus on the app and say ‘is that it?’.
Those with a bit of technical or media knowledge tend to be baffled by Yahoo’s payout. Doesn’t mean they are bitter about the lad’s success just bemused .
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0 Comment number 196. billbi
25th March 2013 23:30 194,Custom bobbleheads 73. emma milton
From the story it seems that one person earned Dozens of Millions for some software with little intrinsic value. Also their IP, creativity etc. have been absorbed into a big corporate media giant (US Based), whose first step was to close down the app.