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.
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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.
"I think (WhatsApp) is an interesting acquisition as an app developer, a technologist, it's fascinating to see that growth be generated and if you see the markets in which WhatsApp has had that growth, it does make sense for a company like Facebook."
His new role at Yahoo has seen him help create the new application News Digest, which was released in the U.K. on February 24. Building on the technology used with D'Aloisio's Summly app, News Digest aims to provide a definitive summary of all the "important, need-to-know" news.
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Digests of 18 news stories are delivered twice a day and are summarized and presented with the key information to help users to stay on top of what's happening, D'Aloisio explained to CNBC. The digests are finite unlike other applications, he said, adding that it hoped to have the same feel as a regular newspaper which may have been lost in the digital age.
"We wanted users to get that definitiveness," he said. Although it currently doesn't make money, he said that there would be space to add native adverts in the future and the app is currently concentrating on creating user attention and building growth and scale.
—By CNBC.com's Matt Clinch. Follow him on Twitter @mattclinch81.