Nick D'Aloisio, 17, sells sick society Summly giant web, trying to find his mojo, focusing on smart phones

A boy of 17 years in London sold its application to business Internet giant Yahoo for an estimated ? 18m. But it moves corporate headquarters in California more ... because he wants to finish his degree.

Nick D'Aloisio, Wimbledon, South London, has created the application called Summly - provide summaries bites of news and other content sites - a little over a year after his bedroom and now joins a select group of teenagers who have become internet millionaires.

D'Aloisio, who is too young to be a director of his own company, said he started tinkering with mobile applications as a hobby and did not expect to draw profit. The money from the sale of the company will go into a trust fund, but said he intends to get a new computer, as well as some new coaches. "I will stay in London," said D'Aloisio. "I want to finish my A-levels, and I could not live there alone."

His mother, Diana D'Aloisio, seems to be a little shocked. "I knew it was a bit out of the box, but do not expect it to happen all at once like this," he said. "From an early age, he showed skill in technology positively do not understand. doing 3D programming, and I bought a book titled C Programming For Dummies. My husband and I just use our computers for work, I was totally different things. "

The average price of ? 18 million, with 90% and 10% in shares of Yahoo, although other reports suggest that the total could reach 40 million pounds. Neither D'Aloisio and Yahoo declined to confirm details of the transaction.

started using computers at age nine, making movies, and then the programming at the age of 12 years when Apple opened its App Store for iPhone. The success of adolescents occurs less than five years after the launch of its first application, called Fingermill, tape screen virtual fingers.

Summly, launched in November 2012, won one of the best applications from Apple Awards 2012. The application produces abridged versions of the news, with the number of words to fit on a single screen of the smartphone, and so far 90 million abstracts were read, according to the company. But it will not be available much longer - as part of the acquisition, the application closes and integrated into Yahoo's business as he tries to reshape itself for the booming mobile market

. D'Aloisio, whose father is a merchant products and mother a lawyer and director of the company, take the mathematics and philosophy of A-Levels at school King College, and try to whether the third party must be physically or history. "He always wants to go to Oxford University," said her mother. "It's just a normal guy really When at home, he organized his room is well maintained - .. Very organized, actually."

After the acquisition is completed, work on Yahoo Soho offices of the day, she is the youngest employee of the company, and continue to study for his A-levels at night .

D'Aloisio the idea of ??the application in 2011 when revising for exams and looking frustrated by websites that usually repeat the same content. He produced the first version of Trimit called Summly, which has been downloaded more than 200,000 times.

advertising award Apple attracted the attention of investors from Hong Kong Li Ka-shing Ventures capital and risk Horizon farms. Outside investors - says other actors Stephen Fry and Ashton Kutcher and artist Yoko Ono - bought a third of the share capital of the company, according to documents filed at Companies House in October. The remainder is held by D'Aloisio's mother.

investors who had brought an experienced team of managers, engineers, business leaders and public relations professionals who have worked to convert Summly a world champion potential, including more staff as the Director technology, Ciurana Eugene, who has 20 years of experience in the field of technology, and the Director of R & D, Inderjeet Mani. Both will move to San Jose, near San Francisco.

Alex Tew
In 2005 Tew, 21, from Swindon, looking for a way to pay off your student loan from the University of Nottingham. It occurred to the home page of a million dollars: selling a million pixels for a dollar (or less) each. Advertisers bought in a guarantee that the site will remain for at least five years. Hundreds of others have tried (unsuccessfully) the same idea in his wake. It is still happening today. Tew, meanwhile, moved to San Francisco, where he is the head of calm.com, offering relaxation sessions online.
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