So how old were you when you designed your first app?

“I designed Summly because I felt that my generation wasn’t consuming traditional news anymore. In designing for the mobile generation, I believe we’ve created an app that will benefit anyone who loves reading news on the go.”

You’ve probably heard about Summly’s founder Nick D’Aloisio, the youngest ever entrepreneur to raise venture capital. The child has cleverly sourced funding from major corporate investors like Horizons Ventures (Li-Ka Shing), as well as a number and variety of high-profile figures such as Stephen Fry, Ashton Kutcher, Bruno Mars, Wendi Murdoch and Yoko Ono, to name but a few. I’m 30 and was turned down for a Mastercard application this morning.

What’s all the fuss about? Well is a free, fast and convenient way to browse news articles. If you lament the way people don’t read or care about the world, details or nuance anymore Summly will probably drive you into an angry frenzy. Summly is perfect for the cash rich/time poor iPhone user.

Summly’s algorithm instantly analyzes text and summarizes the most relevant pieces of news, providing the user with a concise summary. You can then click through to the publisher’s site if you want to delve deeper. I’d be interested to see how many people actually do.

I’ve been playing with it and love the concept, design and price. But refreshing items in my stream seems buggy and clicking through to the deeper article is a bit crappy – you often get a full site and it would be nice to read a site optimised for mobile. But a very promising start.