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Blog · May 10, 2013

Teen sells mobile app to Yahoo for $30 million

You are here: Home / Blog / Teen sells mobile app to Yahoo for $30 million

Teen Sells Mobile App to Yahoo for $30 millionWouldn’t be awesome to receive a check for $30 million just for developing an iPhone app? This is exactly what happened to 17 year old Nick D’Aloisio.
When Nick was just 12 years old he taught himself how to write software code for the iPhone platform. Then using his knowledge, at the age of 15, he designed a free app named Summly. The app would take long news stories from your favorite news sites and summarize them for your small iPhone screen.

Nick D’Aloisio has become one of the world’s youngest self-made millionaires. (Nadine Rupp, Getty Images / January 23, 2012)

Little did Nick know that this app would later be downloaded more than 1 million times! And to top it off, it even won an award from Apple, “Apple’s Best Apps of 2012 award for Intuitive Touch”.

Yahoo! took notice. Because of the app’s popularity, they decided to buy the app for $30 million.

But that’s not all, Yahoo! also hired Nick as an employee to help Yahoo! design even more amazing products besides the Summly app.

Courtesy of LA Times

micro-mid-1If you’ve ever thought about starting a micro business creating an iPhone app, or even something seasonal like mowing the lawn, you should check out my series of books titled, “Micro Business for Teens“. They provide you with excellent step-by-step instructions and tips on how you can get your micro business started for success!

Carol Topp, CPA

 

Related posts:

  1. Micro Business Idea: App Designer
  2. iPhone Apps as a micro business
  3. Teen T-Shirt Entrepreneur Wins $10,000
  4. Mobile Dance Academy
  5. How to make a website for your business

Filed Under: Blog Tagged With: Micro business idea, Yahoo, mobile app, sells, teenager

Carol Topp, CPA

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From a parent

Thank you for your e-book on teen micro businesses. Your valuable experience and wealth of knowledge is vast.

Your presentations at Cincinnati homeschool conferences and sharing with us over the years have benefited us well.

I can hardly believe we are at this point in our life-and here he is a young man ready to try his fortune with the world.

-Mandy S

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