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Young Millionaire: Inside the Mind of Yahoo's Teen Sensation Nick D'Aloisio
02.09.2021 Kim Lachance Shandrow
Computer Science
Nick D'Aloisio

Brains. Power. Millions of dollars in the bank. Nick D’Aloisio has them all. Already. And he’s only 18.

You might have heard that D’Aloisio sold his viral Summly mobile news summarization app to Yahoo a year ago for a cool $30 million. He was just 17 at the time. The Australia-born British programmer wunderkind wrote the app in his parents’ bedroom at their London home when he was 15.

D’Aloisio is one of the youngest self-made millionaires ever. He is also the world’s youngest venture capital-backed entrepreneur, first raising $300,000 in seed funding in 2011 from Hong Kong billionaire Sir Li Ka-shing’s Horizon Ventures for Summly. Then he raised $1.23 million in 2012 from various A-List celebrity investors, including Yoko Ono, Rupert Murdoch, Stephen Fry and Ashton Kutcher.

entrepreneur.com
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