The IT industry is no stranger to youth worship, but Yahoo’s multimillion-dollar deal for Summly pushes that notion into cradle-robbing — well, high school-robbing, anyway — territory. That’s because the punchline beneath the headlines is the age of Summly founder. Nick D’Aloisio, 17 — and a little more than a year short of high school graduation — appears to have qualified as the world’s youngest VC-backed entrepreneur. Why would Yahoo — a company being reimagined, reorganized and, one hopes, reinvigorated by a controversial new CEO — commit $30 million for a company run by a kid who hasn’t yet attended his junior prom?
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Yahoo and Summly: CliffsNotes for the Mobile Era?
Posted by: Charles King April 2, 2013 05:00 AMThe IT industry is no stranger to youth worship, but Yahoo’s multimillion-dollar deal for Summly pushes that notion into cradle-robbing — well, high school-robbing, anyway — territory. That’s because the punchline beneath the headlines is the age of Summly founder. Nick D’Aloisio, 17 — and a little more than a year short of high school graduation — appears to have qualified as the world’s youngest VC-backed entrepreneur. Why would Yahoo — a company being reimagined, reorganized and, one hopes, reinvigorated by a controversial new CEO — commit $30 million for a company run by a kid who hasn’t yet attended his junior prom?