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Nick D'Aloisio

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Nick D'Aloisio
D'Aloisio at LeWeb London 2012, Central Hall Westminster
Born
Nicholas D'Aloisio-Montilla

(1995-11-01) 1 November 1995 (age 29)
Australia
NationalityBritish-Australian
Occupation(s)Computer programmer, entrepreneur
Known forDesigning multi-national news aggregation program Summly.

Nick D'Aloisio (born Nicholas D'Aloisio-Montilla[1][2][3] November 1, 1995)[4] is a British-born Australian 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 at just 15 years of age.[5][6] 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.[7] 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.[8] D'Aloisio was also included in TIME Magazine's 'Time 100' as one of the world's most influential teenagers.[9]

Personal life

D'Aloisio was born in Australia in 1995 to Lou Montilla, a commercial specialist at Glencore Xstrata,[10] and previously a vice president of Morgan Stanley[11] and Diana D'Aloisio, a lawyer.[12]

D'Aloisio has lived in Melbourne and Perth. D'Aloisio grew up in London, United Kingdom. He is a student at King's College School in Wimbledon, London, where he received an academic scholarship. He lives in London.

Summly

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.[13] The app caught the attention of Apple who featured Trimit as a new and noteworthy application on the App Store at the same time.[14] 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.[15] D'Alosio used the feedback and criticism from Trimit to completely re-design the application, and re-launched it in December 2011, as Summly.[16]

Summly aimed to solve perceived problems with the way news articles are presented on smartphones,[15] with the initial version of Summly being downloaded by over 200,000 users.[17] As a result of the corporate support,[18] 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.[19] As of March, 2013, Summly was sold to Yahoo for a reported $30 million US dollars.[7]

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

Investment

D'Aloision 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.[20]

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

D'Aloisio and Summly have been covered by several major publications, including ReadWrite,[21] Business Insider,[22] Wired,[23] Forbes,[24][25] The Huffington Post[15] and TechCrunch.[26] 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

D'Aloisio was named a Top 1000 Influential Londoner by Evening Standard 2012, appeared in the 30 under 30 list for Forbes Magazine, and the Mail on Sunday Top 100 things to watch in 2013. D'Aloisio also won a Spirit of London Award in December 2012 as Entrepreneur of the Year. D'Aloisio has been nominated as British Inspiration Award finalist for 2013 and was placed 1st in Evening Standard's Top 25 under 25 for 2013.

See also

References

  1. ^ [1][dead link‍]
  2. ^ "Nick D'Aloisio: 'It was a massive gamble but a good one'". Telegraph. Retrieved 28 October 2013.
  3. ^ [2][dead link‍]
  4. ^ "Nick D'Aloisio, Britain's 17-year-old app entrepreneur - Telegraph".
  5. ^ Ouimet, Maeghan (2 November 2012). "World's Youngest VC-Funded Entrepreneur? - Yahoo Small Business Advisor". Smallbusiness.yahoo.com. Retrieved 28 October 2013.
  6. ^ Lomas, Natasha (3 August 2010). "True Ventures Invests In 19 Year Old Entrepreneur Brian Wong". TechCrunch. Retrieved 28 October 2013.
  7. ^ a b "Yahoo acquires mobile news start-up Summly". Stuff.co.nz. 26 March 2013. Retrieved 28 October 2013.
  8. ^ [3][dead link‍]
  9. ^ [4][dead link‍]
  10. ^ "Lou Montilla | LinkedIn". Retrieved 10 November 2013.
  11. ^ "Careers and Job Search ? NASDAQ.com". News.careers.nasdaq.com. 22 May 2013. Retrieved 28 October 2013.
  12. ^ Summly creator Nick D'Aloisio: 'I try to maintain a level of humbleness' The Guardian, 29 March 2013, retrieved 29 March 2013
  13. ^ Lomas, Natasha (15 July 2011). "Trimit Summarizes Emails, Blog Posts, And More With A Shake Of Your iPhone". TechCrunch. Retrieved 28 October 2013.
  14. ^ "trimit for iPhone, iPad, and iPod touch on the iTunes App Store". Itunes.apple.com. 12 August 2011. Retrieved 28 October 2013.
  15. ^ a b c "17-Year-Old Summly Founder Nick D'Aloisio's Immodest Goal: Change The Way You Read News". Huffingtonpost.com. Retrieved 28 October 2013.
  16. ^ Heesun Wee (16 November 2012). "Meet the 17-Year-Old Who Is Reinventing News". Cnbc.com. Retrieved 28 October 2013.
  17. ^ "Teenager receives $1 million for creating app". Digitaljournal.com. 5 November 2012. Retrieved 28 October 2013.
  18. ^ Bradshaw, Tim (8 November 2012). "The savvy network behind Summly". FT.com. Retrieved 28 October 2013.
  19. ^ Lomas, Natasha (1 November 2012). "Backed With $1M In Fresh Funding, Summly's 17-Year-Old Founder Shows Off His App's New Look [TCTV". TechCrunch. Retrieved 28 October 2013.
  20. ^ "Youngest Funded Entrepreneur Raises $1 Million by Age 16". Smallbiztrends.com. Retrieved 28 October 2013.
  21. ^ "Summly: New App Helps You Read All Your Bookmarked Links in Minutes – ReadWrite". Readwriteweb.com. Retrieved 28 October 2013.
  22. ^ Boonsri Dickinson (19 December 2011). "This 16-Year-Old Genius Scored Funding From A Hong Kong Billionaire For An iPhone App - Business Insider". Articles.businessinsider.com. Retrieved 28 October 2013.
  23. ^ Bonnington, Christina (13 December 2011). "Teen's iOS App Uses Complex Algorithms to Summarize the Web | Gadget Lab". Wired.com. Retrieved 28 October 2013.
  24. ^ "Teenage Programmer Backed By Hong Kong Billionaire Li Ka Shing". Forbes. 13 December 2011. Retrieved 28 October 2013.
  25. ^ "10 Tips From A 15-Year-Old App Developer On The VC Fast Track: How Parents Can Nurture Their Teenage Tech Prodigies". Forbes. 15 September 2011. Retrieved 28 October 2013.
  26. ^ Lomas, Natasha (13 December 2011). "16-Year-Old Programmer Raises Seed Round From Billionaire Li Ka Shing To 'Summarize The Web'". TechCrunch. Retrieved 28 October 2013.

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