Here’s a note from 17-year old Nick D’Aloisio on his website on March 25, 2013:
Yahoo! agrees to acquire Summly
In true Summly fashion, I will keep this short and sweet.
I am delighted to announce Summly has signed an agreement to be acquired by Yahoo!. Our vision is to simplify how we get information and we are thrilled to continue this mission with Yahoo!’s global scale and expertise. After spending some time on campus, I discovered that Yahoo! has an inspirational goal to make people’s daily routines entertaining and meaningful, and mobile will be a central part of that vision. For us, it’s the perfect fit.
When I founded Summly at 15, I would have never imagined being in this position so suddenly. I’d personally like to thank Li Ka-Shing and Horizons Ventures for having the foresight to back a teenager pursuing his dream. Also to our investors, advisors and of course the fantastic team for believing in the potential of Summly. Without you all, this never would have been possible. I’d also like to thank my family, friends and school for supporting me.
Most importantly, thank you to our wonderful users who have helped contribute to us receiving Apple’s Best Apps of 2012 award for Intuitive Touch! We will be removing Summly from the App Store today but expect our summarization technology will soon return to multiple Yahoo! products - see this as a ‘power nap’ so to speak.
With over 90 million summaries read in just a few short months, this is just the beginning for our technology. As we move towards a more refined, liberated and intelligent mobile web, summaries will continue to help navigate through our ever expanding information universe.
Nick saw a problem. Fewer and fewer people wanted to read long news articles. They wanted to get the summary, fast… and move on. He pin-pointed a frustration… and entrepreneurs are born out of frustration.
You see, Nick created an app that makes the news… SIMPLE. Then he delivered this app in a SIMPLE way. People love simple. How many people…?
How well did it work? He Crushed it. He got a deal from Yahoo for, ready for this, $30 MILLION.
What you get:
You get full control:
Even sharing… make SIMPLE:
Nick gets Simple.
And now he’s all over then news…
Whenever possible, keep the solutions to problems simple.