The story about Summly’s 17-year old founder cashing out his company for $30,000,000 is fascinating because it makes no sense.
Yes, Vibhu, yes. His educated guess couldn’t be too far from the truth.
And something else. Vibhu edited his post to include just-in-case apologies to Nick (founder of Summly) and Yahoo! and insisted that the app was beautiful and cool. It is neither of those things, just try it and tell me if you can navigate around it intuitively.