Yesterday, Mar. 25, Yahoo! announced its purchase of mobile start-up Summly, created by a 17-year-old Brit. Nick D’Aloisio, the high school entrepreneur in question, just sold his mobile app to the tech giant for $30 million and will become Yahoo!’s youngest employee, according to published reports.
D’Aloisio’s success creating and selling Summly, a mobile app that searched for news snippets and made them mobile-friendly, highlights the potential for mobile-focused entrepreneurs. As more people use their smartphones for web browsing, finding the news and communicating, apps that facilitate those activities will become critical. Entrepreneurs who can fill the void with a well-planned, well-written app may share D’Aloisio’s success.
Several other tech companies were sniffing around Summly, according to the article in the New York Post. However, D’Aloisio chose Yahoo! to sell his app to because they were the most appropriate, “one of those classic companies,” he said.
Yahoo! plans to discontinue Summly but fold it into its own news, weather, stock and finance information delivery, according to Reuters.