16-Year-Old High School Dropout Is CEO of His Own Tech Company That Could Be Worth Millions

Ben Pasternak is the creator and CEO of the app Flogg.

ByABC News
May 11, 2016, 1:43 PM

— -- Ben Pasternak, a high school dropout from Sydney, Australia, could be the next great titan of technology.

Pasternak, 16, is the creator and CEO of Flogg, an app that allows users to buy and sell within their social network with just a swipe. Think Tinder meets eBay.

"Everyone has hyped up what I've achieved, but I feel like I'm just getting started. I don't feel like there's anything to brag about what I've done," Pasternak told ABC News' "Nightline."

While most teens his age are focusing on prom and school sports, Pasternak is taking meetings with venture capitalists. And his chief employee is 30-year-old Mike Landsberger.

"I think the most consistently 16-year-old thing he does is forget to eat. He usually doesn't eat, or if he does, he had, like, a doughnut for breakfast," Landsberger told "Nightline." "And I try to be [a] surrogate parent for [Pasternak] from afar, but I don't think I do a very good job of it."

Pasternak, whose parents still live in Australia, moved to New York City by himself and runs his company from his living room.

Tech seems to have always been a passion for Pasternak. He started at just 11 years old making YouTube videos unboxing Apple products. He then began developing apps, and at 15, his gaming app "Impossible Rush," which he created with another teen, became the number 1 overall app in Australia and the number 4 app in the U.S., beating out giants like Tinder and Vine.

Pasternak's parents say they were initially skeptical about their son not finishing school.

"Both of us are university educators, so for our son not to finish school and then go on to university is a big deal," Pasternak's father, Mark Pasternak, told "Nightline."

"So, I think the deal was we said, 'Let's go to America, and see if you get funding and we can talk about it.' And unfortunately he got funding," Mark Pasternak added with a laugh.

"He went off to Silicon Valley, and then he came home with this enormous sack of money on his back and dragged it back to Australia and said, 'Mom, look what I did.' And I was like, 'Oh, no, we're in trouble,'" Anna Pasternak joked to "Nightline."

Ben Pasternak wants to bring home even more money and wants to make his app the next big thing.

"Sometimes, yeah, I thought it was really intense and I was like, 'Why can't I just be a normal kid?' But it's fun. I have no regrets about it," Ben Pasternak said.