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The Secret To 17-Year-Old Nick D’Aloisio’s $30 Million Success: Amazing Hustle

The Secret To 17-Year-Old Nick D’Aloisio’s $30 Million Success: Amazing Hustle

Jay Yarow | Mar. 26, 2013, 12:05 PM | 18,310 | 22

Now that 17-year-old Nick D’Aloisio sold his company to Yahoo for $30 million, he’s gaining widespread attention. However, in tech media circles, D’Aloisio was already well known. In 2011, Gizmodo‘s Casey Chan wrote about making D’Aloisio cry. Chan covered apps for Gizmodo. So, D’Aloisio emailed Chan to see if he would write about his app, which was called Trimit at the time. Chan said he was interested in the app. This led to D’Aloisio going nuts. “Over the course of a few days, D’aloisio berserker barraged me with over a hundred e-mails about Trimit,” says Chan, “I saw him go from calm to excited to a nervous wreck to suffering a nervous break down to threatening to bat shit crazy to borderline suicidal.” D’Aloisio never mentioned that he was only 15 at the time. After not getting quick responses from Chan, he went on to email everyone else at Gizmodo. In response to D’Aloisio’s email barrage, Gizmodo decided to name Trimit the “worst app of the week.” But, the editors felt bad about that, so they just pulled the coverage altogether. This sent D’Aloisio over the edge. He wrote to Chan:

I can’t believe this. Please just put us back on the list. Anywhere.

I feel like crying I’m that disappointed. Please.

You don’t understand what this means if we don’t get featured. We’ll go bust and I’ll end up unemployed.

Why have you done this. I can’t actually believe this is happening.

Please, seriously Casey, don’t destroy my livelihood.

I’ll do anything just please put us back. Seriously I’ll do anything I can’t let my boss see this.

We’d planned so much marketing and SEO for this feature. Now we’re not going to get the visibility and get into debt. Casey, you must understand what this will do to us if you don’t put us back on the list. I thought you liked the app, why do you want to destroy it.

Come on man, please forgive me. We all make mistakes. Why didn’t you tell me days ago to stop emailing you! I thought you weren’t getting them, that’s why I kept sending them.

Seriously without this feature we will lose ranking and then we won’t pay back our purchases and then will have to stop the business.

I plea for you to put it back to how it was before. I plea.

Now we’ve wasted $10,000 as we dont have the article to accompany the efforts.

That puts us in debt and we can’t pay that back for ourselves so now I’m going to have to go without food for the next month.

I am new, we’ve just started the startup, and I’ve never been in PR so I’m not familiar with these journalistic conducts and etiquettes I seem to have broken. I was not meaning to hurt any of you guys or disrupt your work at all; none of that was intentional. I WILL GET FIRED now because of all of this but I guess I can’t change what has happened now. Our marketing has failed since we were not featured and now I have massive debt which is my responsibility to fix.

I’ll ask you for the final time to understand the seriousness of the situation and change it back to the way it was. What is stopping you? Why ruin my livelihood and my app? Why would you want that, seriously?

Please man. Please.

I really need to know what’s going on! My boss is asking.

While this appears to be the ramblings of a crazy person, it also shows someone with a dedication, focus, and energy to succeed. (And, again, he was 15!) Gizmodo wasn’t the only publication that got aggressive emails from D’Aloisio. He was in our writers’ inboxes too. While we don’t want to encourage others to bomb our inbox with pitches, we think his behavior reveals a big part of the reason he’s successful. The kid is a hustler. He works hard. He’s aggressive. He went after his investors, he pursued the media. In one of his interviews from yesterday he told people who want to be like him: “If you have a good idea, or you think there’s a gap in the market, just go out and launch it because there are investors across the world right now looking for companies to invest in.” This is obviously an oversimplification, but it’s not terribly far from the truth. If you have a good idea, and you’re willing to work incredibly hard like D’Aloisio, you’ll probably find success.

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10 Mind-Blowing Facts About Amazon.com; Its warehouses are the size of 700 Madison Square Gardens; Amazon.com employees spend two days every two years working at the customer service desk, even the CEO

10 Mind-Blowing Facts About Amazon.com

Kevin Smith | Mar. 27, 2013, 7:37 AM | 16,228 | 1

Amazon.com is well-known for its Kindle, lightning fast shipping, and selling virtually anything online.

The e-tailer’s revenue totaled $61 billion in 2012 and it currently sits at No.5 on ComScore’s list of top 2,000 domains on the web.

But did you know that the massive website started in founder Jeff Bezos‘ garage? Or that Amazon’s operation has become so massive that it’s warehouses have more square footage than 700 Madison Square Gardens?

Take a look at some other mind-blowing facts we found.

Amazon.com was almost called “Cadabra” as in “Abracadabra”. That idea was struck down because CEO Jeff Bezos’ lawyer misheard the word as “cadaver”. Read more of this post

SHILLER: ‘We’re Living In A Totally Artificial Real Estate Economy’; Shiller thinks a full housing recovery is a long way off. He thinks it could take 40 years before home prices rise to pre-2007 levels

SHILLER: ‘We’re Living In A Totally Artificial Real Estate Economy’

Drew SandholmCNBC | Mar. 26, 2013, 7:51 PM | 11,479 | 27

Housing data released Tuesday was mixed, showing home prices jumped while new home sales dropped, prompting renowned economist Robert Shiller to call the housing recovery positive in the short-term, but not without many headwinds. There might even be a bubble, he said.

“One thing that makes it very hard to forecast home prices right now is that we’re living in a totally artificial real estate economy,” said Shiller, co-creator of the Standard & Poor’s/Case-Shiller Index, a widely followed measure of housing prices.

Shiller pointed to the Federal Reserve, which last week reaffirmed its policies on bond purchases and record-low interest rates. In September, the Fed launched a third round of quantitative easing (QE), in which it has bought $40 billion of mortgage-backed securities per month, primarily in mortgage-backed bonds.

Meanwhile, Fannie Mae and Freddie Mac, the two largest U.S. home funding sources, remain in government conservatorship as Congress looks for ways to raise new tax revenues, Shiller noted.

“All of these things are weighing on the futures of housing,” Shiller said on CNBC‘s “Futures Now,” adding the recovery might even be a bubble. “One thing you learn from history is that bubbles can occur at any time.” Read more of this post

Panera extends pay-what-you-want idea to menu item at all St. Louis-area cafes; “People do the right thing and are willing to take care of each other.”

Panera extends pay-what-you-want idea to menu item at all St. Louis-area cafes

By Associated Press, Updated: Wednesday, March 27, 1:08 PM

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ST. LOUIS — Order a bowl of turkey chili at a St. Louis-area Panera Bread cafe and it’ll cost you a penny. Or $5. Or $100. In other words, whatever you decide.

Three years after launching the first of five pay-what-you-want cafes, the suburban St. Louis-based chain on Wednesday quietly began its latest charitable venture that takes the concept on a trial run to all 48 cafes in the St. Louis region.

The new idea experiments with a single menu item, Turkey Chili in a Bread Bowl, available at each St. Louis-area store for whatever the customer chooses to pay. The new chili uses all-natural, antibiotic-free turkey mixed with vegetables and beans in a sourdough bread bowl. The suggested $5.89 price (tax included) is only a guideline. All other menu items are sold for the posted price.

Panera calls it the Meal of Shared Responsibility, and says the potential benefit is twofold: Above-the-cost proceeds go to cover meals for customers who cannot pay the full amount and to St. Louis-area hunger initiatives; and for those in need, the 850-calorie meal provides nearly a day’s worth of nutrition at whatever price they can afford. Read more of this post

Global pool of triple A status shrinks 60%, forcing investors and financial regulators to rethink definitions of “safe” assets.

March 26, 2013 7:34 pm

Global pool of triple A status shrinks 60%

By Ralph Atkins and Keith Fray in London

The global pool of government bonds with triple A status from the three main rating agencies, the bedrock of the financial ­system, has shrunk more than 60 per cent since the financial crisis triggered a wave of downgrades across the advanced economies.

The expulsion of the US, the UK and France from the “nine-As” club has led to the contraction in the stock of ­government bonds deemed the safest by Fitch, Moody’s and Standard & Poor’s, from almost $11tn at the start of 2007 to just $4tn now, according to Financial Times analysis.

The shrinkage, largely a result of US’s downgrade by S&P in August 2011, is part of a dramatic redrawing of the world credit ratings map, which is encouraging investment flows into emerging markets and forcing investors and financial regulators to rethink definitions of “safe” assets. Read more of this post

BOE Says U.K. Banks Have a Capital Shortfall of $38 Billion; Banks need to set aside more money to cover bigger potential losses on commercial real estate and from the euro area, possible fines for mis-selling and stricter risk models

BOE Says U.K. Banks Have a Capital Shortfall of $38 Billion

By Ben Moshinsky and Jennifer Ryan  Mar 27, 2013

U.K. lenders were told by the Bank of England to raise 25 billion pounds ($38 billion) of additional capital, less than analyst estimates.

Banks need to set aside more money to cover bigger potential losses on commercial real estate and from the euro area, possible fines for mis-selling and stricter risk models, the Bank of England said following a report by the Financial Services Authority. The BOE didn’t identify or quantify the number of lenders that need to bolster capital and it said plans already announced by banks should cover about half the shortage.

“It’s a bit of a damp squib,” said Simon Maughan, an analyst at Olivetree Securities Ltd. in London. “The banks are going to have until the end of 2013, at least, to do it and there was no change to the message that they won’t need to raise fresh capital or restrict dividend payments.”

The BOE is pushing banks to increase resilience so they can boost lending and fund an economic recovery. The bank’s focus on loan losses could still hit Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc (LLOY) the most because of their commercial real-estate holdings, while Barclays Plc (BARC), with its investment banking unit, would be most affected by the changes to risk weights, Maughan said. RBS and Lloyds have announced asset sales this year to bolster capital, and Barclays plans to sell contingent convertible notes. Read more of this post

Sir Luke Johnson: Online help for would-be founders; Keeping connected via the internet is more important than ever for entrepreneurs

March 26, 2013 4:14 pm

Online help for would-be founders

By Luke Johnson

Keeping connected via the internet is more important than ever for entrepreneurs

Starting a business can be lonely, and keeping connected via the internet and online publications is more important than ever.

There are a host of websites and magazines for entrepreneurs, but no one who works for themselves can afford to spend hours a day surfing. So I have selected a handful of my favourite sites to save you time. I have not included typical blogs because there are too many and they are mostly rather personal. Read more of this post

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