Yahoo's Nick D'Aloisio, who was made a millionaire last year while still just 17 years old, has said that he is not jealous of the billions of dollars splashed on recent technology acquisitions like WhatsApp.
D'Aloisio's former startup Summly was swallowed up by Yahoo last March with the internet giant eager to integrate D'Aloisio's mobile news app into its own offering. Reports at the time suggested that the deal was worth around $30 million.
In the twelve months since the deal, mergers and acquisitions in the tech sector have soared to incredible heights, culminating in the $16 billion price tag that Facebook paid for WhatsApp in February. But rather than feeling regret over how much Summly might be worth now, D'Aloisio - who turned 18 in November and is now a product manager at Yahoo - told CNBC that he is not jealous of recent valuations.
"No, look I have been enjoying my time over the last twelve months, it was the right moment," he said.