Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
What's the story with these ads on Slashdot? Check out our new blog post to find out. ×
Yahoo!

Submission + - A good advice from the latest multi-millionaire->

Taco Cowboy writes: "The money is there, just waiting for clever new moves," comments Nick D'Aloisio, the 17-year old teenager from London, who just sold his Summly app company to Yahoo, for a cool 30 million dollars

"If you have a good idea, or you think there's a gap in the market, just go out and launch it because there are investors across the world right now looking for companies to invest in," says Mr. D'Aloisio.

He had first dreamt up the mobile software while revising for a history exam two years ago, going on to create a prototype of the app that distils news stories into chunks of text readable on small smartphone screens.

He was inspired, he said, by the frustrating experience of trawling through Google searches and separate websites to find information when revising for the test.

Trimit was an early version of the app, which is powered by an algorithm that automatically boils down articles to about 400 characters. It caught the eye of Horizons Ventures, a venture capital firm owned by Hong Kong billionaire Li Ka-shing, which put in $250,000.

That investment attracted other celebrity backers, among them Hollywood actor Ashton Kutcher, British broadcaster Stephen Fry, artist Ono, the widow of Beatle John Lennon, and News Corp media mogul Murdoch.

More info can also be available from http://in.reuters.com/article/2013/03/26/yahoo-summly-daloisio-profile-idINDEE92P00H20130326

Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

A good advice from the latest multi-millionaire

Comments Filter:

Every successful person has had failures but repeated failure is no guarantee of eventual success.

Working...