Source: The Express Tribune
A British-Pakistani schoolboy has rejected a massive £5 million offer for his website as he claims it’s worth a lot more.Mohammed Ali from Dewsbury, West Yorkshire created the price comparison website in his bedroom in six months. He was offered an exorbitant sum of money for it by an American investor.
However, rejecting the offer, the teenager revealed he’s set to roll out his website which he claims is unrivaled by competitors. “We met the investors in London, they were a global data driven company, and they didn’t realise I created all the technology involved,” said Ali. “The offer was rejected in December, just before Christmas.”
“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,” said the 16-year-old. “I understand this is a big risk for me but I want to create this as a household name, and at the same time make something for myself,” he added.