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Millionaire teen app maker explains who helped him before sale
Money isn’t everything – but if you’re 17 and made $30 million overnight, it certainly doesn’t feel too bad.
Nick D'Aloisio is the 17-year-old wunderkind everyone is talking about since Yahoo announced the purchase of his two-year-old app, Summly.
In an interview with CNN’s Ali Velshi on Wednesday, D'Aloisio explained that though he was the “sole founder” of the company, he did get help from some big names before Yahoo’s purchase.
“I was fortunate enough for the Hong Kong billionaire Lee Ka Shing to just cold approach me,” D'aloisio said – he was fifteen at the time.
Lee’s team was trying to work out a date to meet with D'Aloisio, but when they realized he was still in school, they decided to fly out and meet the schoolboy in person.
D'Aloisio said though he developed the original algorithm, he wasn’t the only person behind the app’s engineering.
“We have a team of in-house scientists that have also been coding,” he said. “We worked with Sanford S.R.I. – they are the guys who did Siri, for example. So they actually generated brand new I.P. – it wasn’t licenses. They didn’t have any staff, previously existing. We built I.P. together, under an exclusive license. And then when we sold to Yahoo – all that I.P. was transferred over to them. So Summly and Yahoo owns 100% of the I.P.”
@camanpour on Twitter
Nick – need a new project – I need a little help for my project for helping people.
uCaring.com/blog
Congratulation, Ali Velshi! Wonderful program! It was a pleasure to watch! Do it again!
$30mm is nice, till you have to pay 50% of that so that blacks dont have to work and can continue to smoke pot
Loserville!
Tbonetyler, that is a racist comment. Nick, I really am challenged. Love what you've achieved at so early an age.
please stay in school
OMG you are such a lousy racist. am glad they are not many people like you in our time
What was Ali saying at 2:48? "Are you one of this like Chinese gymnast?" What was he meant by pushing you down the road?
*these
tbonetyler stay in school please you sound like a fool
Check this list of app makers and you can follow him List of app makers
sorry here is
http://www.thebestappmaker.com/