Kyle
16 year old founder of Summly, Nick D'Aloisio Is Said To Be The Youngest Person To Ever Secure Venture Capital
At London’s Web Summit being held this week in the UK, it was revealed that Nick D’Aloisio, the creator of iPhone app Summly, had received $300,000 in venture capital from Asia’s Horizon Ventures. Horizon Ventures is led by Li Ka-Shing, Asia’s richest person. It’s being reported that Aloisio is the youngest person ever to secure venture capital.
Summly is an iPhone app that summarizes and condenses search results and web pages. D’Aloisio developed this app out of necessity while he was studying for a history exam for school. He started to notice that his Google searches weren’t yielding quality results.
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