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Yahoo Pays 30MM for Summly To Acquire Team, Team Did Not Build App.
- kunai 14y agoI've seen more innovation on Hacker News in an hour than this company seems to have made in 2 years.
- hkmurakami 14y agoThis article doesn't even mention that only 2 Summly employees are joining Yahoo (oh Business Insider). >SRI International, with the help of the Summly team, built the summarisation technology behind Summly. They own a small share in the company and are helping us improve the algorithm. This lends more credibility to the theory that Yahoo wanted to buy SRI / SRI's technology, but that since the technology was either licensed or co-developed with Summly in a way that Summly would have to be bought out as well.
- maxk42 14y agoThis is bullshit. There's a who's-who of A-list investors who put their money into a 17-year-old's company. The kind of people who didn't get rich by putting their money into the hands of a 17-year-old. They knew something you didn't. And that something is quite probably that somebody at Yahoo! had the authority to invest a large amount of money and make a lot of people wealthier in the process. By Occam's razor, the most likely explanation is simple corruption.
- danoprey 14y agoBy Occam's razor they wouldn't have done it through a 17 year old.
- downrightmike 14y agoahahahaha, Explain to me how you bought 30M of value from a kid who still needs to go to school?