The 16-Year-Old Startup CEO and the Hong Kong Billionaire [TCTV]

Mike Butcher

Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

Friday, February 3rd, 2012

We covered the launch of Summly an application that summarises text last year, but I recently caught up with Nick D’Aloisio, the16 year year-old programmer who came up with the application for a video interview.

Its sounds almost boringly simple but the sheer amount of online content means the eco-system for these apps is rising. Formerly known as Trimit (which we covered back in July), Summly was developed by D’Aloisio from his bedroom in South London over a Summer break from school.

Nick then managed to attract the attention of billionaire Hong Kong investor Li Ka-shing and his investment vehicle, Horizons Ventures and secured a $300,000 seed round. The boy Om Malik calls “the Internet’s new boy genius” has now built a startup team to exploit Summly’s potential.

Summly can condense content into 1,000, 500, or 140-character summaries, offering a world of simpler browsing and search experiences. Indeed, researchers at MIT, D’Aloisio says, found Summly outperformed the “highest academically published results” by a factor of 30 percent.

Check out Summly on the App Store here.