30 Year Old Who Sold His Company To Microsoft For £173m

investing

#1

Swift-key entrepreneur Jon Reynolds recently had the biggest month of his life when he sold his business to Microsoft for a cool £173m…

He founded his predictive app during his time in Cambdrige with co-founder Medlock in 2008…

The app uses artificial intelligence to adjust to how someone uses their phone. It introduces different bits of language to eventually save them time. The company says they have probably saved up to 10 trillion keystrokes since they’ve been founded. Not too shabby…

They got a £15,00 pound loan from a government boy to to work on the tech a body called Science And Technology for enterpreneurs. They then go £50,000 to work on working prototype. At that point they left their jobs to work on the project!

Ben , the co-founder, had a background in machine learning and neural networks and was aware of the grants available in the space. That got them launched into things, so they could take the project to the next level…

At first they charged $4 for their software, but eventually went free. They saw other gaming companies going for that model, games like Candy Crush and they decided to follow suit…

Swiftkey was even used to form part of Stephen Hawkings communication interface. Samsung started using the model in 2013 and then Microsoft start investing in ai tech…

As Google picked up deepmind, Microsoft started looking for ai companies to invest in…

Microsoft now want to integrate the tech into their Microsoft office platform…

The entrepreneur had a few bits of advice to give:

'Too many people want to start with a business rather than starting with an idea or a problem. A great business like Facebook starts up to solve a problem"

full article here: http://www.thisismoney.co.uk/money/smallbusiness/article-3447830/The-ultimate-start-success-story-Meet-30-year-old-app-developer-just-sold-business-Microsoft-173m.html


#2

That’s just depressing…