Friday 5 April 2013

Lessons from Nick D'Aloisio, the 17-Year-Old Millionaire



Nick D'Aloisio is the 17 year old British-Australian boy who has just made his first millions by selling his app Summly to Yahoo for $30 million. Nick came up with his invention when he was trying to find a faster way to condense all the content he was reading while he was studying for his General Certificate of Secondary Education exam. His app can turn entire pages into a few important points.

Nick, who had to take a break from his school, King’s College School, Wimbledon in order to concentrate on his invention, still plans to return to school though he has been given a job at Yahoo’s London office.

Below are other facts about this prodigious young man:

Nick was born in 1995 in London to Australian ex-pats.
He got his first computer at age 9, and used that to make movies with programs like Final Cut Pro.
A self-taught programmer, Nick learned how to code using “C for Dummies” and online videos. He created his first app in 2008 at age 12, and had to submit it under his father’s name, since he was four years too young to meet the App Store’s minimum age of 16. After that, he developed a new app every summer break until 2011, when the then-15-year-old developed Trimit, the forerunner to Summly. 
Nick is the youngest entrepreneur who has ever scored VC funding, taking the title away from Kiip founder Brian Wong, who had nabbed it at age 21. He has struck deals for hundreds of thousands of dollars with the likes of Stephen Fry, Ashton Kutcher, Yoko Ono, Zynga founder Mark Pincus, billionaire Li Ka-Shing, and media magnate Rupert Murdoch.
Trimit was renamed and relaunched in the Apple App Store in December 2011 as Summly. Just two years later, Yahoo! would pay $30 million dollars for it.
He calls this whole endeavor “a hobby that’s gone crazy.” (Now that’s an understatement.)
Many parents would have been proud of the teen, even before he reached tech superstardom. He’s an industrious student with an academic scholarship who’s finishing up his final year and a half at the prestigious King’s College School in Wimbledon.
He is as much a modern design nerd as a tech geek. Just check out Summly’s page for proof: It features Arne Jacobsen’s landmark midcentury modern chair, The Egg. 
Fun fact: Nick is actually only one year younger than Yahoo! itself, which was incorporated in 1995, making it 18. 
Nick knows that his Yahoo!-Summly deal is one part of the company’s larger push for mobile, and stated as much in a letter to Summly users. The teen is a rather eloquent communicator, whose thoughtfully considered style suggests a wisdom and maturity that exceeds his years. (Source: http://www.technobuffalo.com/2013/03/27/nick-daloisio-teen-yahoo-staffer-app-developer-and-millionaire/)

What I took away from reading Nick’s story: He discovered his passion and has been working at it without stopping and it has paid off for him.

What is your passion? Are you working at it consistently? Or have you abandoned it out of frustration or due to difficulties? Unless you stick to it, it will never pay off.

1 comment:

  1. shall we begin the journey into self discovery people?

    ReplyDelete