Listen Live
Hot 100.9 Featured Video
CLOSE

karpWho wants to be a billionaire?

Tech wonder David Karp, evidently.

The plucky, 26-year-old Tumblr founder has sold his popular blogging platform to tech behemoth Yahoo for an amazing $1.1 billion, news site AllThingsD reported Sunday.

The deal is bound to make boatloads of dough for the native New Yorker and high school dropout, while cementing his place among the growing pantheon of celebrated tech entrepreneurs, like Facebook CEO Mark Zuckerberg.

148470916“This is obviously a validation of David’s efforts,” said Sree Sreenivasan, the chief digital officer at Columbia University. “It’s also a validation of New York as an environment to nurture and grow startups.”

The move also appears to reflect a change of heart for the budding tech maven, who until last year publicly opposed peddling his social media site to turn a quick buck.

Karp, who grew up on the upper West Side, began noodling with computer code when he was 11 and launched his own consulting business soon thereafter.

The boy wonder spent only one year at the prestigious Bronx High School of Science and thumbed his nose at attending college.

After bouncing around Japan, Karp began tinkering with Tumblr inside his mother’s tiny apartment in 2007. His office has since moved to the Flatiron District.

Source

High School Dropout Makes 1.1 Billion  was originally published on zhiphopcleveland.com