A
young brilliant teenager has rejected offers from US investors who are
interested in buying his money-saving website for a whopping 5 million
pounds.
Mohammed Ali
A 16-year-old whizz kid has rejected a whopping £5million from US investors who offered to buy his money-saving website.
According to Sun UK, Mohammed Ali, 16, from Dewsbury, Yorkshire,
has earned more than £40,000 after creating his own financial app for
the stock market and a popular video game.
And now the teenager is set to launch a price comparison site with
60-year-old business partner Chris Thorpe. While there are many price
comparison websites out there, Mohammed claims their site will be
unrivalled – something investors may agree with him on.
The pair recently met a group of Americans in London to discuss an
investment, who then offered “more than £5million” for the company.
Mohammed said: “We met the investors in London, they were a
global data driven company, and they didn’t realise I created all the
technology involved.
“The offer was rejected in December, just before Christmas.
“The main reason we rejected the offer was because, if the
technology and concept is worth millions already, just think how much it
will be worth once people use it.
“I understand this is a big risk for me but I want to create
this as a household name, and at the same time make something for
myself.
“The big thing about what we’re doing is that there are no
competitors – this is a real time money saving expert – it’s like a
Bloomberg for the general public.”
His latest venture – weneed1.com – has seen the tech-mad teen develop an algorithm “which provides real time quotes instead of the normal pre-fixed quotes you find on insurance sites”.
It is designed to alert both buyers and sellers of available products.
This can include properties and electronic items with prices being constantly updated.
The website is set to be launched on January 28 and he hopes its
success will inspire more young people to get involved in tech ventures
at a young age.
Mohammed has previously seen success with Project 2006, a video
game which had a £5.99 per month subscription cost and made £30,000.
Mohammed, who still lives with his parents and siblings, said he became interested in computers from a young age.
He even taught himself how to code just by reading books and watching YouTube videos.
Mohammed said: “Right now I work from the bedroom day and night but we’re launching this globally so we will need to travel more.
“My mum used to hate me going on the computer all the time but I
think she’s proud of what I’m doing now and my brother has been
inspired by what I’m doing.
“I have learned everything from watching videos and books –
there’s not much being done in schools and the education system is a bit
messed up.
“Anyone can revise for exams but I don’t think enough is being done to prepare people for getting out in the real world.
“I want other people to be inspired and I want to inspire young
people to develop a work ethic – it disgusts me when you see young
people just getting drunk on a Friday night.”
The teenager is still keeping up with school work however.
As a sixth form student he is studying for English, geography and law A-levels.
He says his most extravagant purchase so far has been contributing
£1,400 towards refurbishing his parents living room and tries to act
wisely with his cash.
Ali estimates he has earned around £41,000 from his businesses.
He said: “If I see some clothes or trainers I like I’ll buy them but most of my money is saved.
“I look at the things I make as inventions and I like to be proud of building them up.
“People think you need to have a massive investment or to take out loans but you don’t – you can start small and build it up.”
Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING
No need to visit Tonygists just use the android application click for more info Tonygists android application
Visit some of the website built by tonygists
1. south south penpushers : south south pen pushers
2. kingdom builders : Kingdom builders
Tonygists bro: honest zone
Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist
Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world
Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists
Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists
Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose
Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions
Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest
Are You On Twitter? Follow Us Now For Latest Updates - @tonygists
Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists
Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists
© 2024 Tonygists | Portions are © 2024 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.
