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[Motivation Boost] Yahoo Acquires 17 Year-Old Kids 'News Startup' - Anyone can make it!

Discussion in 'BlackHat Lounge' started by ran60616, Mar 25, 2013.

  1. ran60616

    ran60616 Regular Member

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    I was reading the morning news as usual and ran into this story. Nick D'Aloisio started writing apps when he was 12, got major funding by 15 and now at 17 sold his start-up to Yahoo. I found this very inspirational, since at that age I was just concentrating more on sports and took life very easy (Like most kids do lol).

    But this kid is a great example to all of us that anyone can make it at any point in their life. Work hard, take 'action' and never give up on your dream!

    Code:
    http://mashable.com/2013/03/25/yahoo-acquires-summly/
    Have a great week IM'in!

    Enjoy!
    Ran60616
     
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  2. garrido

    garrido Supreme Member

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    Look at his face. LMAO:

    nick-daloisio-summly.jpg
     
  3. jackydaniels14

    jackydaniels14 Jr. VIP Jr. VIP

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    He spent some years of his life like most people don't, to live the rest of his life like most people can't.
     
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  4. ShadeDream

    ShadeDream Elite Member

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  5. ran60616

    ran60616 Regular Member

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    a face that's staring at a big bank-roll that is!

    Nicely put Jacky!
     
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  6. cnoteaftercnote

    cnoteaftercnote Newbie

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    Yahoo needs to be careful with the cash they throw around, they aren't exactly coining it like they use to!

    Good for the kid though, take whatever money you can from them as long as you can :)
     
  7. cahoud

    cahoud Registered Member

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    They know exactly what they do, Did you see that?
    18_35_46_522_file.jpg

    Their price will go up in wall street :)
     
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  8. ran60616

    ran60616 Regular Member

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    True, but I think Mayer is calling some good shots. More smart acquisitions, employee hirings recently and tight employee controls are doing them good. They have been doing well in the market since she took over, obviously only time will tell how effective they will be!

    Nicely spotted cahoud!
     
  9. ran60616

    ran60616 Regular Member

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    Yahoo paid $30 million (27 million cash and 3 million stock). Not a bad deal for an app made by a 17 year old.

    Code:
    [URL]http://mashable.com/2013/03/03/youth-innovators/[/URL]
     
  10. Pikachoo

    Pikachoo Junior Member

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    This 'app' seems to be a pricerunner for the news. A scraper. They could've saved a few quid and bought scrapebox instead!
     
  11. Leith

    Leith Jr. Executive VIP Jr. VIP Premium Member

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    I got a message this morning from a mate telling me his friends, friends app just got bought by Yahoo for millions.

    Turns out its this same guy.
     
  12. acomoney

    acomoney Registered Member

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    A 17 year old sitting on 30 mil. What can I say, I only admire an entrepreneurial mind like this!
     
  13. Leith

    Leith Jr. Executive VIP Jr. VIP Premium Member

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    Another thing - many have actually told him to "retire" but that's ridiculous. His life has just begun and if I was in his shoes, Id go out and make some more cash and get more experience! You're never too old to learn, and he's definitely not too old.
     
  14. Panther28

    Panther28 Elite Member

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    From what i heard, he had developed a number of failing apps first. Was able to outsource most of his current one, due to his dad being a banker, and also paying for celebrity endorsements through money and contacts.

    As much as we all think it would be great to develop one thing, and make loads from it, the chances are pretty slim. There are plenty of people with popular apps, and yet they barely make anything.

    Better to keep at some of the basics of IM marketing, and try things like this as a side project, when your cash flow allows.
     
  15. Raffy

    Raffy Regular Member

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    Awesome story but you missed the best part of it.

    At age 15 someone from Gizmodo made fun of him and his app.

    Two years later he got bought out for 30 million.

    I can't post links. If you want to see the story search google for "how i made a 15 year old app developer cry" on gizmodo
     
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  16. Leith

    Leith Jr. Executive VIP Jr. VIP Premium Member

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    Interesting article!
     
  17. steelballs

    steelballs BANNED BANNED

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    Oh now I get we are talking about a young guy from UK getting a break and making some money...

    Then the typical UK national pastime sets in let's kick - disparage and ridicule the dude...

    As usual no surprises here why 99.9% of folks fail in UK...

    Well done Nick D'Aloisio keep kicking ass...:cool:
     
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  18. obeselizard

    obeselizard Regular Member

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    I just read this story on yahoo, man I wana be part of some project like this, these apps these days can get big quick. If anyone out there has some project app/software/website that they wana try to go big time with and wana serious JV send me a message ;)
     
  19. Panther28

    Panther28 Elite Member

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    You need to have a decent amount of cash (for marketing, and celebrity hire) and then spend about 4 years trying a few different things. Thats what this dude done, and it worked for him. He didn't "do it quick"
     
  20. ran60616

    ran60616 Regular Member

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    Leith - Great point. This kid can go on to do major things in the future now that he has a nice platform built. But the catch is he got the $30 million plus a job at Yahoo. He is running/managing the App and working out of Yahoo's London office with 2 of his engineers (Prolly getting paid more than a typical engineer in his 20's getting paid annually).

    True, not easy to hit a jackpot like this for everyone. But I'm sure even this kid would have had a few backups to lean into if this didn't work out. I think any smart person would have a few projects going on at one time and will be concentrating more on 1 and others are just backups to fall into if the big one doesn't go through.

    Interesting article. It shows how hungry he was to get it out and didn't give-up on his ultimate goal. Now, he is reaping the benefits of taking action and hard work. Staff at gizmodo must be crying now, and this kid has the last laugh!
     
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