Nick D'Aloisio a 17 year-old British teenager is now a millionaire after he sold his summarisation app to Yahoo for a sum of $30 million. He isn't an overnight success story as the lad has been designing apps for mobile devices since he was 12 years of age. His current iPhone app 'Summly' was developed at the age of 15 and provides users with summaries of stories on their phones. Summly makes use of an algorithm to condense stories into about 400 words which includes key points that are relevant to a search query. Users can also read the original article by simply clicking on the summary provided. The latest version of Summly is free and it has been downloaded almost 750,000 times since its launch in November last year.
Nick's designed his first app Finger Mill at the age of 12 which netted him £79. Some of his other apps include Facemod which was designed to predict mood of a user based on Facebook statuses, and SongStumblr designed to discover music playing in your vicinity.
When asked about his new-found wealth, Nick was quick to replay that his motivation was never money it was only about technology and the end product. Due to this mentality, he is sure that moving forward in life will not be a problem. Apart from this, he also mentioned that selling his app to Yahoo was a great achievement as the company was currently focusing on mobile apps for various devices.