Meet the 17-Year-Old Who Just Sold An iPhone App for $30 Million

Meet 17-year-old British high schooler Nick D’Aloisio, the Justin Bieber of iPhone app development. He just sold his iPhone app Summly, which he started when he was 15, to Yahoo for $30 million.

Nick D’Aloisio

About App:
The app uses an algorithm to automatically create 400-character summaries of news articles and deliver them to your phone. People reading the summaries can easily click through to the full article.

How he got idea?
D’Aloisio says, he came up with the idea when he was doing his history homework at school.

“I was writing for my history labs and I was using Google and other search engines,” said D’Aloisio, speaking from London.

“The issue was you have all this info but there’s so much it’s hard to comprehend it, so summaries are perfect.”

Summly-iPhone App

Why Yahoo?
The great deal about joining Yahoo is that they

have a lot of publishers, they have deals with who we can work with now,” D’Aloisio said.

He taught himself to code at age 12 after Apple’s App Store was launched, creating several apps including Facemood, a service which analysed sentiment to determine the moods of Facebook users, and music discovery service SongStumblr.

Guru Mantra:
D’Aloisio is telling, how you can make $30 million, too:

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,” said the 17-year-old, who the entire tech industry is now forced to take seriously because he has made $30 million.

D’Aloisio lives with parents in London and still has a year and a half in high school.