Have you heard of the app, Summly? I haven’t until today. But do not look it up… for technically, it does not exist. Why am I telling you about a non-existing app? Because its technology lives in Yahoo!
I don’t know if this is news to you or not, but a young entrepreneur became a millionaire at 17 this past spring. When I heard about this, I went crazy—I looked up every possible article on this young, tech superstar. And if you are like other Millennials, you want to know how Nick D’Aloisio made it big when he is still so young.
Nick D’Aloisio captured the attention of a venture capitalist and other investors, and created an app at 15. He then sold his technology to Yahoo! for $30 million two years later (this past spring).
What was Summly?
Summly was designed to shorten lengthy news stories into a just a few sentences; so essentially, it gave readers the ability to only read the true reason of the articles. This was a genius idea for it formatted articles and blogs to the size people are looking for today—something short and sweet. Why do you think everybody likes Twitter? It does not waste a lot of time (unless your completely addicted). Summly condenses everything to give readers ability to keep up with the real-time world with plenty of time to spare.
Summly’s app and website give users faster accesses to stay connected with the world at a more intimate level than sites such as Twitter, is what made it attractive to companies like Yahoo! I do not know if was worth the $30 million, but I guess we will see sooner or later.
In an interview with Forbes, Nick, founder of Summly talks about Yahoo! and Summly’s partnership:
“Our visions to simplify how we get information and we are thrilled to continue this mission with Yahoo!s’ global scale and expertise,” founder Nick D’Aloisio said in a post about the acquisition. “After spending 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.”
The new Yahoo! app with the Summly technology was released earlier this year, and it seems to be a hit. According to Business Insider, CEO Marissa Mayer, “The new Yahoo! mobile app is also smarter, using Summly’s natural-language algorithms and machine learning to deliver quick story summaries.” Hopefully for Yahoo!’s sake for survival the Summly-Yahoo! merging-features will help Yahoo! contest more with Google’s mobile abilities.
You need to try out the new Yahoo! app for iOS! It give you easy access to world news with more depth than social media sites such as Twitter. For all us Millennials, we need to learn from entertainers and continue to implement our experiences and skills to enhance our future.
Photo credit: http://i.i.cbsi.com/cnwk.1d/i/tim2/2013/07/16/summly-yahoo.jpg