Website Designer Kid Turns Down Millions!!!
Find out what kind of website he designed and why he won't sell out.
Mohammed Ali is a website designer. He is also an amazingly confident kid! The 16-year-old recently rejected a £5 million offer for a website he designed in his bedroom! That's over Rs. 42 crores he said no to!
Ali, is responsible for having designed weneed1.com, a price comparison website, believes that it will
be worth a lot more in future.
A buyout that could have literally made him a millionaire was offered just before Christmas. The kid said, as reported by Metro ,
"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 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."
Of course, he realises the big risk he took by rejecting the offer but Ali wants his website to become a household name.
And it's not the first time the genius boy has won something big. His video game 'Project 2006' previously earned him a £30,000 reward!
His website, that Ali co-created with his 60-year-old business partner, Chris Thorpe, will launch on January 28.
- ‘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.’
- He said he understood it was a big risk to reject the money from the American investors but wanted to create something for himself and make his website a household name.
- Ali claims to have developed a new algorithm that provides ‘real time quotes instead of the normal pre-fixed quotes you find on insurance sites.’
- He added: ‘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.’
