16 years Old Nick D’Aloisio Hits Jackpot

This young South Londoner has already managed to raise $250,000 in funding his newly creative creation, SUMMLY. This app which offers way to browse and search by automatically summarising search results, webpage and articles to make the content easier to shift to and find what’s most relevant to the user. In its first 4 days after it reached 17k downloads and is now well over 100,000. He is still studying for his GCSE’s but had to get special dispensation to delay his it while he travelled to San Francisco. He is one to watch in 2012. 

Better news is that this application is actually an iPhone app. This apps has the potential to go a lot further as everyone is looking for the easiest and shortest way to read about something. He explained where the idea actually came from and it is very true.

"I was revising for a history exam and using Google, clicking in and out of search results, and it seemed quite inefficient. If I found myself on a site that was interesting I was reading it and that was wasting time," he said.

"I thought that what I needed was a way of simplifying and summarising these web searches. Google has Instant Preview but that is just an image of the page. What I wanted was a content preview," he says.

He actually caught the eye of Horizons Venture, a company which helps new entrepreneurs by investing in the idea usually a business about IT technology. This newly iPhone app is said to be launch in mid-December. It also has plans to go into the Android and web version in the new year.

"There is an abundance of information, too many social networks creating too much content. You need tools like Summly and Siri to distil it," he says.

He believes that summaries could make it easier to share content on Facebook and Twitter, and also thinks there is potential to condense e-books and emails. 

Is he genius? No, he’s a Legend.