How a teenager snubbed college to build an apps empire

In the last year, 18-year-old Spencer Costanzo and his team of nine developers and designers

have successfully built and brought to market 40 iPhone apps — eight of which rank high up on iTunes’ list of top 200 reference apps.

"The idea that I could create applications for a device as amazing as the iPhone was major motivation,” says Costanzo, the founder of the  Princeton, N.J.-based Malibu Apps. “I still can’t explain the feeling of seeing apps I’ve created on iTunes top charts.”