Summly Founder Nick D’Aloisio Leaves Yahoo

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AAEAAQAAAAAAAAIMAAAAJDY2YzYyMmJiLWE3NmItNGUzNy1hY2IxLTE2MTExMTQzMGRhZAThe founding father of Yahoo-acquired Summly, Nick D’Aloisio, has left the corporate to focus on his philosophy and pc science schoolwork at Oxford, we’ve confirmed with D’Aloisio. In the course of the summer time, D’Aloisio did a stint at Airbnb as its ‘Entrepreneur In Residence’ in response to his LinkedIn profile.

We’ve heard from a number of sources that D’Aloisio could possibly be gearing up for his subsequent startup chapter as his research wind down some.

The corporate acquired Summly for a rumored $ 30 million in 2013 and D’Aloisio, who will flip 20 quickly, adopted up his Summly work with the discharge of Yahoo’s Information Digest app. That app gained an Apple Design Award final June.

When requested about D’Aloisio’s standing, a Yahoo spokesperson informed us: “Nick has taken time to focus on his research; he continues to be concerned with Yahoo.”

That was one thing D’Aloisio mentioned earlier this yr, however his “involvement” degree has clearly modified. We’ve heard that the strains of communication are open between the 2 sides, so maybe that’s what the corporate was referring to.

There’s been some government motion at Yahoo over the previous few weeks, together with the departure of M&A chief Jackie Reses. The corporate just lately shared its Q3 earnings report, and its inventory continues to hover across the $ 35 mark.

Source : TechCrunch