LONDON: A British Pakistani schoolboy, 17, has rejected £5 million for website he created in his bedroom in just six months – and he is confident his website will be worth a lot more in the future.
In an interview with a Pakistani TV, Mohammed Ali, who lives with his parents in, Dewsbury, Yorkshire, said the offer of £5 million came from a US company which he rejected. He confirmed, however, that he’s holding talks with various companies, hoping that he will be able to sell his consumer-friendly site – weneed1.com – for more than what has been offered so far.
Ali said the offer was made when he, along with his 60-year-old business partner Chris Thorpe, met a group of Americans in London to discuss an investment, they instead offered to buy the company for more than £5million. The technology enthusiast claims that his website provides “real time quotes instead of the normal pre-fixed quotes you find on insurance sites”.
The A-level British Pakistani student said that his website is for the whole world. “My website saves money of consumers and gives advantage to buyers and consumers. It protects privacy of the users and visitors unlike many other big giants. My website offers car and motor insurance, properties, rooms, everything to share and save.
Ali told Geo News that his website saves users’ money and uses a unique code, which connects both buyers and sellers together. “It’s an algorithm that connects buyers and sellers together to help them save money. I am a proficient java and PHP developer.”
Initially, not many believed that the 16 years old Ali had created all the technologies involved in the creation of his website. These days he gives talks at hi-tech IT and programming events in London and elsewhere. He was a guest speaker at the recently held Millennial2020 London conference.