Yahoo Pays 30MM for Summly To Acquire Team, Team Did Not Build App.

This article doesn't even mention that only 2 Summly employees are joining Yahoo (oh Business Insider).

>SRI International, with the help of the Summly team, built the summarisation technology behind Summly. They own a small share in the company and are helping us improve the algorithm.

This lends more credibility to the theory that Yahoo wanted to buy SRI / SRI's technology, but that since the technology was either licensed or co-developed with Summly in a way that Summly would have to be bought out as well.

This is bullshit. There's a who's-who of A-list investors who put their money into a 17-year-old's company. The kind of people who didn't get rich by putting their money into the hands of a 17-year-old. They knew something you didn't. And that something is quite probably that somebody at Yahoo! had the authority to invest a large amount of money and make a lot of people wealthier in the process.

By Occam's razor, the most likely explanation is simple corruption.

I've seen more innovation on Hacker News in an hour than this company seems to have made in 2 years.

ahahahaha, Explain to me how you bought 30M of value from a kid who still needs to go to school?