Nicholas D’Aloisio is
one of those self made tech millionaires you will like to follow who recently
sold his app Summly in March to Yahoo at $30 Million this year. Actually, while
I had to recall this is that it seems that young tech startups are hitting the
globe more than any other niche faster. Nick is just 18 but has made far more millions than CEOs of
Fortune 500 companies in one fell swoop. Thanks to the opportunities that lies
in News and Social technology.
D'Aloisio is the youngest person to receive a round of venture capital in technology at 15 years. He was awarded "Innovator of
the Year" by the Wall Street Journal for his work. He also emerged
as one of the world’s most influential teenagers in Time Magazine’s “Time
100”.
For those of us that are into the tech industry, how you get
information of latest trends and needs and how you react to it determines where
you end up.
He created
the Trimit application for iOS in March 2011, a
powerful app that reduced text to 1000, 500 and 140 texts just like the
microblogging social platform Twitter. This app was instantly featured in the
App store. Hong
Kong based
billionaire Li Ka-shing was attracted and released US$300,000 in venture
capital funding. D'Alosio used the feedback and points from users to re-launch
the no-holds-barred Summly in 2011 which solved problems of how news articles
were displayed on smartphones. The rest is history. Today, he is one of
Britain’s youngest tech multi-millionaires and one of the youngest in the
world.
4 LESSONS
TO LEARN FROM NICHOLAS D’ALOISIO
1.
The users
are king: try to know what works for your potential customers and users
and not what works for your business.
2.
Be damn
sure of what you want to achieve: not everybody will be compatible
with your vision or passion, but achieve it to the highest level anyway.
3.
Retreat
to refire: 85 percent of world’s youngest tech millionaires didn’t get there
regretting of past failures. D’Aloisio launched Trimmit with critism, retreated
and came out with Summly worth $30 million!
4.
Leverage:
today, tech entrepreneurs don’t always know how to code. It may
interest you to know that our recent interview with the 21 years old tech
entrepreneur Jeet Banerjee never really knew a code but yet launched 4
successful internet startup. Summly was not really solely coded by D’Aloisio,
but he had the idea and took massive action. You too can do the same.
Today, launching a tech company does not need you to be a tech
programmer, just get the idea, surround yourself with positive people, generate
inner fire that will sustain your passion, expect the best yet anticipate the
worst, get a plan, strategize, leverage when the opportunity comes and hit the sky.
Dare to make a dent in the universe.
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