Two local lads, Patrick and John Collison, have become millionaires after selling their share in the web-based application they founded. You might remember Patrick (19) from the BT Young Scientist Competition in 2005, when his development of a web programming language won him first prize. John (17) is still in school.
They amalgamated their start-up company with another similar project developed by the Taggar cousins from Britain, and now all four have been bought out by Live Current Media for a figure in the region of $5 million, which isn’t bad for a couple of kids. Or, indeed, for a couple of ancient guys, if they were ancient, which they aren’t.
Not old. Young.
Their project, Auctomatic is aimed at heavy users of eBay and helps them to keep track of stock and transactions. I don’t understand anything this hard or complicated but I’m full of admiration for these young fellas.
Well done, guys.