Nick D'Aloisio

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Nick D'Aloisio
Nick D’Aloisio, Founder, Summly @ LeWeb London 2012 Central Hall Westminster-1238.jpg
D'Aloisio at LeWeb London 2012, Central Hall Westminster
Born Nicholas D'Aloisio-Montilla
(1995-11-01) 1 November 1995 (age 18)
Australia
Residence London, England, U.K.
Occupation Computer programmer, entrepreneur
Known for Designing multi-national news aggregation program Summly.

Nick D'Aloisio is an Australian-born British entrepreneur and computer programmer who created Summly which is a summarization, artificial intelligence technology developed with SRI International. D'Aloisio has been recognised as the youngest person to receive a round of venture capital in technology from Hong Kong Billionaire Li Ka-Shing, at just 15 years of age.[1][2] As of March 2013, Summly was sold to Yahoo for a reported $30 million US dollars making him one of the youngest self-made millionaires ever.[3] D'Aloisio was awarded "Innovator of the Year" in New York City by the Wall Street Journal for his work on Summly and at Yahoo.[4] D'Aloisio was also included in TIME Magazine's 'Time 100' as one of the world's most influential teenagers,[5] as well as being profiled in their "Secrets of Genius" Publication.[6] D'Aloisio currently leads the critically acclaimed Yahoo News Digest, which launched at CES 2014 and won the 2014 Apple Design Award at WWDC for its technological and product excellence.[7]

Personal life[edit]

D'Aloisio was born in Australia in 1995 to Lou Montilla, a vice president at Morgan Stanley and Diana D'Aloisio, a lawyer.[8]

D'Aloisio has lived in Melbourne and Perth. D'Aloisio grew up in London, United Kingdom. He is a student at the predominantly male, particularly high achieving private school King's College School[9][10] in Wimbledon, London, where he received an academic scholarship. He lives in London, with his mother, father and younger brother Matthew, 14.

Summly[edit]

D'Aloisio created the Trimit application for iOS in March 2011, which used an analytical tool to condense text content into 1000, 500, or 140-character summary text.[11] The app caught the attention of Apple who featured Trimit as a new and noteworthy application on the App Store at the same time.[12] The potential of Trimit attracted the attention of Hong Kong based billionaire Li Ka-shing, who provided D'Alosio with US$300,000 in venture capital funding.[13] D'Alosio used the feedback and criticism from Trimit to completely re-design the application, and re-launched it in December 2011, as Summly.[14]

Summly aimed to solve perceived problems with the way news articles are presented on smartphones,[13] with the initial version of Summly being downloaded by over 200,000 users.[15] As a result of the corporate support,[16] in November, 2012, D'Alosio received US$1,000,000 in new venture funding for Summly from several international celebrities such as Yoko Ono, Ashton Kutcher and Stephen Fry, in addition to Hong Kong business mogul Li Ka-shing.[17] As of March, 2013, Summly was sold to Yahoo for a reported $30 million US dollars.[3]

Summly's cover page images were created by world-renowned visual artist/photographer Kevin Abosch.

Investment[edit]

D'Aloisio completed a first round of venture capital funding for Summly from Li Ka-Shing's investment firm, Horizons Ventures; he is the youngest person in the world to raise venture capital.[18]

According to Wall Street Journal, ".. he contracted a team of Israeli coders who specialize in natural language processing... he hired a retired professor living in Thailand who'd written seminal books on the topic. He became our main scientist, said D'Aloisio." WSJ article

Reception[edit]

D'Aloisio and Summly have been covered by several major publications, including ReadWrite,[19] Business Insider,[20] Wired,[21] Forbes,[22][23] The Huffington Post[13] and TechCrunch.[24] D'Aloisio has also made numerous television appearances on CNBC, Bloomberg, BBC, ITV, been written about in the British Metro newspaper, and been interviewed on BBC Radio Five Live.[citation needed] D'Aloisio also appeared on CBS This Morning in an interview with Charlie Rose, CNBC Squawk Box, Bloomberg and appeared on CNN's Piers Morgan Tonight in December 2012. Summly has had critical acclaim in receiving Apple's Best Apps of 2012 award for "Intuitive Touch" and currently has a 4.5/5 star rating on the App Store.

Awards[edit]

In addition to WSJ Innovator of the Year and appearing in Time Magazine's Most Influential; D'Aloisio was named a Top 1000 Influential Londoner by Evening Standard in 2012 and 2013. He appeared in the 30 under 30 list for Forbes Magazine, GQ Magazine's 100 Most Connected Men of 2014 and the Mail on Sunday Top 100 things to watch in 2013. D'Aloisio was included in the Sunday Times' 100 Makers of the 21st Century. D'Aloisio was placed #30 on the 2014 Silicon Valley 100 by Business Insider. D'Aloisio also won a Spirit of London Award in December 2012 as Entrepreneur of the Year. D'Aloisio received one of the British Inspiration Awards for Young Entrepreneur of the Year in 2013. He was also placed 1st in Evening Standard's Top 25 under 25 for 2013. D'Aloisio has also received a Spear's Wealth Management for Entrepreneur of the Year 2013, as well as a Merton Business Award.

Yahoo News Digest[edit]

D'Aloisio announced on 7 January at CES in Las Vegas his new product, Yahoo News Digest.TIME This product is a direct evolution of Summly and D'Aloisio is the Product Manager for the new initiative. Yahoo News Digest provides users with a definitive summary of all the important, need-to-know news of the day in the form of a "digest".Yahoo! These digests are provided twice a day - once in the morning and once in the evening. The stories themselves are algorithmically and editorially curated. The presentation of information is also unique with news articles being summarized into key units of information, known as "Atoms", which vary from maps to stock tickers, infographics, key quotes and others. The product has been critically acclaimed, with the Verge stating: "Yahoo News Digest is the boldest and most visually impressive app the company has released since Yahoo Weather last year."The Verge

See also[edit]

References[edit]

  1. ^ Ouimet, Maeghan (2012-11-02). "World's Youngest VC-Funded Entrepreneur? - Yahoo Small Business Advisor". Smallbusiness.yahoo.com. Retrieved 2013-10-28. 
  2. ^ Lomas, Natasha (2010-08-03). "True Ventures Invests In 19 Year Old Entrepreneur Brian Wong". TechCrunch. Retrieved 2013-10-28. 
  3. ^ a b "Yahoo acquires mobile news start-up Summly". Stuff.co.nz. 2013-03-26. Retrieved 2013-10-28. 
  4. ^ [1]Template:WSJ Innovator of Year
  5. ^ [2]Template:Time Magazine
  6. ^ [3]Template:Time Magazine - Secrets of Genius
  7. ^ https://developer.apple.com/design/awards/2014/Yahoo-News-Digest/
  8. ^ Summly creator Nick D'Aloisio: 'I try to maintain a level of humbleness' The Guardian, 29 March 2013, retrieved 29 March 2013
  9. ^ The Department for Education - Performance Tables - School Details. Education.gov.uk. Retrieved on 2014-05-10.
  10. ^ "The Top 100 Independent Schools at A-level". The Independent (London). 26 January 2012. 
  11. ^ Lomas, Natasha (2011-07-15). "Trimit Summarizes Emails, Blog Posts, And More With A Shake Of Your iPhone". TechCrunch. Retrieved 2013-10-28. 
  12. ^ "trimit for iPhone, iPad, and iPod touch on the iTunes App Store". Itunes.apple.com. 2011-08-12. Retrieved 2013-10-28. 
  13. ^ a b c Grandoni, Dino (2 November 2012). "17-Year-Old Summly Founder Nick D'Aloisio's Immodest Goal: Change The Way You Read News". Huffingtonpost.com. Retrieved 2013-10-28. 
  14. ^ Heesun Wee (2012-11-16). "Meet the 17-Year-Old Who Is Reinventing News". Cnbc.com. Retrieved 2013-10-28. 
  15. ^ "Teenager receives $1 million for creating app". Digitaljournal.com. 2012-11-05. Retrieved 2013-10-28. 
  16. ^ Bradshaw, Tim (2012-11-08). "The savvy network behind Summly". FT.com. Retrieved 2013-10-28. 
  17. ^ Lomas, Natasha (2012-11-01). "Backed With $1M In Fresh Funding, Summly’s 17-Year-Old Founder Shows Off His App’s New Look [TCTV". TechCrunch. Retrieved 2013-10-28. 
  18. ^ "Youngest Funded Entrepreneur Raises $1 Million by Age 16". Smallbiztrends.com. Retrieved 2013-10-28. 
  19. ^ "Summly: New App Helps You Read All Your Bookmarked Links in Minutes – ReadWrite". Readwriteweb.com. Retrieved 2013-10-28. 
  20. ^ Boonsri Dickinson (2011-12-19). "This 16-Year-Old Genius Scored Funding From A Hong Kong Billionaire For An iPhone App - Business Insider". Articles.businessinsider.com. Retrieved 2013-10-28. 
  21. ^ Bonnington, Christina (2011-12-13). "Teen's iOS App Uses Complex Algorithms to Summarize the Web | Gadget Lab". Wired.com. Retrieved 2013-10-28. 
  22. ^ Olson, Parmy (2011-12-13). "Teenage Programmer Backed By Hong Kong Billionaire Li Ka Shing". Forbes. Retrieved 2013-10-28. 
  23. ^ Carr, Coeli (2011-09-15). "10 Tips From A 15-Year-Old App Developer On The VC Fast Track: How Parents Can Nurture Their Teenage Tech Prodigies". Forbes. Retrieved 2013-10-28. 
  24. ^ Lomas, Natasha (2011-12-13). "16-Year-Old Programmer Raises Seed Round From Billionaire Li Ka Shing To ‘Summarize The Web’". TechCrunch. Retrieved 2013-10-28. 

External links[edit]