Yahoo! acquired a startup 17-year-old guy for $ 30,000,000
Yesterday, Yahoo! announced the purchase of another startup, this time mobile news aggregator Summly . In the words of AllThingsD, the transaction price is $ 30,000,000 (10% in shares and 90% in cash).
The Summly project started at the end of 2011 (the summly.com and summ.ly domains were registered at the end of September and October, respectively). It all started in London, in the house of Nick ( Nick D'Aloisio ), who was then only 15 years old. In the same September, he received $ 300,000 in the first round of investment from Li Ka-shing and Horizons Ventures because they liked Nick's previous program, Trimit , which reduced random text to 1000, 500, and 140 characters.
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The domain trim-it.me, which was used by the original service, registered for Nick his mother, Diana, to Frimby Limited. A year later, in the second round, he raised $ 1,230,000. In the long list of investors, you can see many legends of the venture business: Mark Pincus (co-founder of Zynga), Ashton Kutcher, Yoko Ono, Wendy Murdoch ... The company Frimby Limited subsequently closed in early 2012 having existed for three years.
What is it Summly - an unusual application for the iPhone . To date, the Android version is still in development. The program helps users to quickly search for news on topics of interest to them and uses some know-how and artificial intelligence to compress an arbitrary article in a resume of up to 400 characters and selects suitable and attractive pictures to design on the screen of a mobile device. Last year, the service received from Apple the Best Apps of 2012 award in the Intuitive Touch category. For comparison, this post on Habré has about 400 words.
According to the creator, more than 90 million abstracts of articles have been read since November of last year, when the application was officially published . Here is the original clip-presentation technology (look best in HD):
With the release of the first release of Summly, Nick engaged in intensive promotion of the product in the press and on television. Interviews with him came from BusinessInsider, FastCompany, Forbes, Harvard Business Review, Inc. Magazine, ReadWrite, TechCrunch, The Huffington Post, The Washington Post, Wired ... he managed to speak on the BBC, Bloomberg, CNBC, and ITV in a few months. Evening Standard brought it to the top 1000 influential Londoners. He was in the Top 30 of those up to 30 in the Forbes Magazine Games & Apps list. Nick also managed to shine in the Top 100 of those who should be monitored in 2013 from The Mail on Sunday. In December 2012, he received the award of Spirit of London as an entrepreneur of the year.
According to the takeover plan, the team (Nick plus five people) should go to Yahoo, and the application itself should grow into a product under the buyer's brand before the middle of this summer. What I do not understand is why it was decided to remove the position from the AppStore?
Via
Post mortem
Update 2: Summ.ly in the examples . Thank you so much nikkar !
Update 1: judging by the voting results (see below), Nick shows Yahoo figushki:
The moment is captured at the 50th second of the commercial .
The Summly project started at the end of 2011 (the summly.com and summ.ly domains were registered at the end of September and October, respectively). It all started in London, in the house of Nick ( Nick D'Aloisio ), who was then only 15 years old. In the same September, he received $ 300,000 in the first round of investment from Li Ka-shing and Horizons Ventures because they liked Nick's previous program, Trimit , which reduced random text to 1000, 500, and 140 characters.
')
The domain trim-it.me, which was used by the original service, registered for Nick his mother, Diana, to Frimby Limited. A year later, in the second round, he raised $ 1,230,000. In the long list of investors, you can see many legends of the venture business: Mark Pincus (co-founder of Zynga), Ashton Kutcher, Yoko Ono, Wendy Murdoch ... The company Frimby Limited subsequently closed in early 2012 having existed for three years.
What is it Summly - an unusual application for the iPhone . To date, the Android version is still in development. The program helps users to quickly search for news on topics of interest to them and uses some know-how and artificial intelligence to compress an arbitrary article in a resume of up to 400 characters and selects suitable and attractive pictures to design on the screen of a mobile device. Last year, the service received from Apple the Best Apps of 2012 award in the Intuitive Touch category. For comparison, this post on Habré has about 400 words.
According to the creator, more than 90 million abstracts of articles have been read since November of last year, when the application was officially published . Here is the original clip-presentation technology (look best in HD):
With the release of the first release of Summly, Nick engaged in intensive promotion of the product in the press and on television. Interviews with him came from BusinessInsider, FastCompany, Forbes, Harvard Business Review, Inc. Magazine, ReadWrite, TechCrunch, The Huffington Post, The Washington Post, Wired ... he managed to speak on the BBC, Bloomberg, CNBC, and ITV in a few months. Evening Standard brought it to the top 1000 influential Londoners. He was in the Top 30 of those up to 30 in the Forbes Magazine Games & Apps list. Nick also managed to shine in the Top 100 of those who should be monitored in 2013 from The Mail on Sunday. In December 2012, he received the award of Spirit of London as an entrepreneur of the year.
According to the takeover plan, the team (Nick plus five people) should go to Yahoo, and the application itself should grow into a product under the buyer's brand before the middle of this summer. What I do not understand is why it was decided to remove the position from the AppStore?
Via
Post mortem
Update 2: Summ.ly in the examples . Thank you so much nikkar !
Update 1: judging by the voting results (see below), Nick shows Yahoo figushki:
The moment is captured at the 50th second of the commercial .
Source: https://habr.com/ru/post/174237/
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