Self Made Millionaire By 18: The High School Teen Who Sold An App For $30 Million


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At 17 years and with a year of High School to go, the teenage entrepreneur joins a list of tech billionaires who made a fortune early on. What is interesting about his success story is the fact that he taught himself how to code using tutorials and by the age of 15, he had already started to build his $30 million dollar application: Summly.
As Dan Simon pointed out, he wasn’t even born when Yahoo! was formed and yet he is making the application that is bound to play a crucial role in defining its place in the mobile application industry. The mobile application, Summly, does nothing complicated. All it does is to summarize news into 400 characters which as he points out: is more than a tweet but less than a full article.
His app has made him a celebrity of sorts. He has been featured in CNN, CBS and many other major news outlets and of course, the multimillion dollar tag price on his app helps along. He has also been recognized as one of the youngest entrepreneurs to receive a hefty amount of venture capitalist investment.
What is even more impressive is that at his age, he already boasts of business partners such as Ashton Kutcher, Betaworks, Brian Chesky, Hosain Rahman, Jessica Powell, Joanna Shields, Josh Kushner, Mark Pincus, Matt Mullenweg, Shakil Khan, Spencer Hyman, Stephen Fry, Troy Carter, Vivi Nevo, Yoko Ono and many more.
With $30 million to his name, he didn’t even know what to do with the money. He decided to place it in a trust fund that is co-managed by his parents while he focuses on helping the internet giant to integrate the technology into its system. Talk about “accidental empires”!
Summly Founder Nick D'Aloisio in Pics
ForbexSuccesstories.blogspot.com

forbexsuccesstories.blogspot.com




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