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 London 2012, Central Hall Westminster
Born Nicholas D'Aloisio-Montilla
(1995-11-01) 1 November 1995 (age 22)
London, United Kingdom
Residence Oxford, England
Nationality British
Education King's College School, University of Oxford
Occupation Computer programmer, Internet entrepreneur, philosopher, student (Hertford College, University of Oxford)
Known for Summly

Nick D'Aloisio (born 1 November 1995) is a British computer programmer, philosopher and internet entrepreneur. He is best known as the developer of Summly, which is an automatic summarization algorithm, developed with SRI International.[1] D'Aloisio has been recognised as the youngest person to receive a round of venture capital in technology, at just 15 years of age.[2][3] As of March 2013, Summly was sold to Yahoo for a reported US$30 million making him one of the youngest self-made millionaires.[4] 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.[5] D'Aloisio was also included in TIME Magazine's 'Time 100' as one of the world's most influential teenagers,[6] as well as being profiled in their "Secrets of Genius" Publication.[7] Until October 2015, D'Aloisio led 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.[8] During the summer of 2015, he was also the "Entrepreneur in Residence" at Airbnb.[9][10][11] He is currently a student at Hertford College, Oxford University, where he is studying computer science and philosophy. In April 2017, D'Aloisio announced the publication of an academic paper in the peer-reviewed journal Philosophical Psychology (Routledge, Taylor & Francis) entitled "Imagery and Overflow: We See More Than We Report",[12][13] and the presentation of a second paper at a conference held at the Centre for Philosophical Psychology, University of Antwerp.[14] A third paper of his was published in the peer-reviewed philosophy journal Ratio (Wiley-Blackwell),[15][16] and three additional papers received conditional acceptances or revision from the peer-reviewed psychology journals the Review of Philosophy and Psychology (Springer), Disputatio: An International Journal In Philosophy and Philosophia, (Springer).[17] D'Aloisio has also peer reviewed for the journals Consciousness and Cognition (Elsevier) and Synthese (Springer).[18] According to the online publisher TechCrunch, D'Aloisio has raised US$12 million of investment for a new venture that was founded in early 2016.[19]

Early life[edit]

D'Aloisio was born in London, England in 1995 to Lou Montilla and Diana D'Aloisio.[20]

Shortly after D'Aloisio was born, the family moved to Australia where they resided in Perth. The family returned to the United Kingdom when D'Aloisio was seven and he grew up in London, where he lives with his mother, father and younger brother Matthew, aged 15.

Education[edit]

D'Aloisio was educated at King's College School,[21][22] an independent school for boys in Wimbledon in south west London, where he received an academic scholarship. Having completed his A-level exams in summer 2014, he now is a student at Hertford College at the University of Oxford, where he continued to fulfil his duties as Product Manager of Yahoo News Digest until summer 2015.[9]

Life and career[edit]

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.[23] The app caught the attention of Apple who featured Trimit as a new and noteworthy application on the App Store at the same time.[24] The potential of Trimit attracted the attention of billionaire Li Ka-Shing, who provided D'Aloisio with US$300,000 in venture capital funding.[25] D'Aloisio used the feedback and criticism from Trimit to completely re-design the application, and re-launched it in December 2011, as Summly.[26]

Summly aimed to solve perceived problems with the way news articles are presented on smartphones,[25] with the initial version of Summly being downloaded by over 200,000 users.[27] As a result of the corporate support,[28] in November 2012, D'Aloisio 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.[29] As of March, 2013, Summly was sold to Yahoo for a reported $30 million US dollars.[4]

Summly's cover page images were created by visual artist/photographer Kevin Abosch.[30]

Investment[edit]

D'Aloisio completed a first round of venture capital funding for Summly from Horizons Ventures. He is the youngest person in the world to raise venture capital.[31]

According to the Wall Street Journal, "...he contracted a team of Israeli coders who specialize in natural language processing..." He also hired scientist Inderjeet Mani, "a retired professor who'd written seminal books on the topic. He became our main scientist".[32][33][34]

Reception[edit]

D'Aloisio and Summly have been covered by major publications, including ReadWrite,[35] Business Insider,[36] Wired,[37] Forbes,[38][39] The Huffington Post[25] and TechCrunch.[40] D'Aloisio has also made numerous television appearances on CNBC, Bloomberg, BBC, ITV; has been written about in the British newspaper Metro; and has been interviewed on BBC Radio Five Live.[citation needed] D'Aloisio has appeared on CBS This Morning in an interview with Charlie Rose, CNBC Squawk Box, and Bloomberg. He 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 list of Most Influential, D'Aloisio was named a Top 1000 Influential Londoner by Evening Standard in 2012 and 2013. He won the 2014 Apple Design Award. He also appeared in the 30 under 30 list of Forbes magazine, GQ magazine's 100 Most Connected Men of 2014 and the Mail on Sunday's Top 100 things to watch in 2013. He 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. He 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 placed 1st in Evening Standard's Top 25 under 25 for 2013. D'Aloisio has received a Spear's Wealth Management for Entrepreneur of the Year 2013, as well as a Merton Business Award.[41]

Yahoo News Digest[edit]

D'Aloisio announced his new product, Yahoo News Digest, in January 2014 at CES in Las Vegas.[42] 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 news of the day in the form of a digest.[43] These digests are provided twice a day - once in the morning and once in the evening. The stories themselves are algorithmically and editorially curated.[44] The presentation of information is also unique, with news articles being summarized into key units of information, known as "Atoms", which include maps, stock tickers, infographics, and key quotes. 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."[45] It was the winner of the 2014 Apple Design Award.[46]

See also[edit]

References[edit]

  1. ^ "Yahoo Paid 30 Million in Cash For 18 Months of Young Summly Entrepeneur's Time". 
  2. ^ Ouimet, Maeghan (2012-11-02). "World's Youngest VC-Funded Entrepreneur? - Yahoo Small Business Advisor". Smallbusiness.yahoo.com. Retrieved 2013-10-28. 
  3. ^ Lomas, Natasha (2010-08-03). "True Ventures Invests In 19 Year Old Entrepreneur Brian Wong". TechCrunch. Retrieved 2013-10-28. 
  4. ^ a b "Yahoo acquires mobile news start-up Summly". Stuff.co.nz. 2013-03-26. Retrieved 2013-10-28. 
  5. ^ Stevenson, Seth (2013-11-11). "How Teen Nick D'Aloisio Has Changed the Way We Read - WSJ". Online.wsj.com. Retrieved 2015-10-16. 
  6. ^ "Nick D'Aloisio, 18 | The 16 Most Influential Teens of 2013 | TIME.com". Time100.time.com. 2013-11-12. Retrieved 2015-10-16. 
  7. ^ "TIME Secrets of Genius: Discovering the nature of brilliance: Editors of Time Magazine: 9781618930842: Amazon.com: Books". Amazon.com. Retrieved 2015-10-16. 
  8. ^ "Yahoo News Digest". Archived from the original on 28 June 2014. Retrieved 3 June 2014. 
  9. ^ a b Clark, Liat. "Exclusive: Nick D'Aloisio to combine Oxford studies with Yahoo role (Wired UK)". Wired.co.uk. Retrieved 2015-10-16. 
  10. ^ Kelion, Leo. "Yahoo prodigy Nick D'Aloisio opts to go to university - BBC News". Bbc.com. Retrieved 2015-10-16. 
  11. ^ "Nick D'Aloisio on Twitter: "Excited to start as "Entrepreneur in Residence" at Airbnb today, while I take a leave of absence from Yahoo over the summer."". Twitter.com. 2015-07-07. Retrieved 2015-10-16. 
  12. ^ "Nick D'Aloisio, Academic Profile". 
  13. ^ "Imagery and overflow: We see more than we report". 
  14. ^ "Two Seeming Successes of Introspection Workshop". 
  15. ^ "A Brief Argument For Consciousness Without Access". 
  16. ^ "A Brief Argument For Consciousness Without Access". 
  17. ^ "Overflow Through Overload (R & R The Review of Philosophy and Psychology". 
  18. ^ "Nick D'Aloisio". 
  19. ^ "Nick D'Aloisio, Who Sold Startup to Yahoo Aged 17, Has Raised Funding For New App". 
  20. ^ Summly creator Nick D'Aloisio: 'I try to maintain a level of humbleness' The Guardian, 29 March 2013, retrieved 29 March 2013
  21. ^ The Department for Education - Performance Tables - School Details. Education.gov.uk. Retrieved on 2014-05-10.
  22. ^ "The Top 100 Independent Schools at A-level". The Independent. London. 26 January 2012. 
  23. ^ Lomas, Natasha (2011-07-15). "Trimit Summarizes Emails, Blog Posts, And More With A Shake Of Your iPhone". TechCrunch. Retrieved 2013-10-28. 
  24. ^ "trimit for iPhone, iPad, and iPod touch on the iTunes App Store". Itunes.apple.com. 2011-08-12. Retrieved 2013-10-28. 
  25. ^ 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. 
  26. ^ Heesun Wee (2012-11-16). "Meet the 17-Year-Old Who Is Reinventing News". Cnbc.com. Retrieved 2013-10-28. 
  27. ^ "Teenager receives $1 million for creating app". Digitaljournal.com. 2012-11-05. Retrieved 2013-10-28. 
  28. ^ Bradshaw, Tim (2012-11-08). "The savvy network behind Summly". FT.com. Retrieved 2013-10-28. 
  29. ^ 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. 
  30. ^ "About". Summly. Retrieved 2015-10-16. 
  31. ^ "Youngest Funded Entrepreneur Raises $1 Million by Age 16". Smallbiztrends.com. Retrieved 2013-10-28. 
  32. ^ Stevenson, Seth (11 November 2013). "How Teen Nick D'Aloisio Has Changed the Way We Read". The Wall Street Journal. 
  33. ^ "Press Resources (Inderjeet Mani - Executive Team Bio's)". Summly. Retrieved 2015-10-16. 
  34. ^ "What Does $30 Million Buy You?". The Wall Street Journal. 26 March 2013. 
  35. ^ "Summly: New App Helps You Read All Your Bookmarked Links in Minutes – ReadWrite". Readwriteweb.com. Retrieved 2013-10-28. 
  36. ^ 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. 
  37. ^ Bonnington, Christina (2011-12-13). "Teen's iOS App Uses Complex Algorithms to Summarize the Web | Gadget Lab". Wired.com. Retrieved 2013-10-28. 
  38. ^ Olson, Parmy (2011-12-13). "Teenage Programmer Backed By Hong Kong Billionaire Li Ka Shing". Forbes. Retrieved 2013-10-28. 
  39. ^ 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. 
  40. ^ 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. 
  41. ^ "Winners Announced of Spear's Wealth Management Awards 2013 - Spears". Spearswms.com. Retrieved 2015-10-16. 
  42. ^ McCracken, Harry (2014-01-08). "Yahoo's News Digest App: The Least Overwhelming News Source Ever | TIME.com". Techland.time.com. Retrieved 2015-10-16. 
  43. ^ "Yahoo News Digest: Get In The Know In No Time | Yahoo". Yahoo.tumblr.com. 2014-01-07. Retrieved 2015-10-16. 
  44. ^ "Science Powering Product: Yahoo News Digest | Yahoo Labs". Yahoolabs.tumblr.com. 30 June 2014. Archived from the original on 30 October 2015. Retrieved 16 October 2015. 
  45. ^ Newton, Casey. "Yahoo's sleek News Digest app swims against the stream". The Verge. Retrieved 2015-10-16. 
  46. ^ "Yahoo Wins Another Apple Design Award For News Digest App". TechCrunch. 2014-06-02. Retrieved 2015-10-16. 

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