I know this kid personally. All hype imo. He's got no discernable skill or experience. The only reason I can think of for why he got funded is for kissing up to certain high level angels since he was 15 and leveraging the age card like no other.
I don't know Levy personally but I know quite a few teenage entrepreneurs and I would have to say that it's definitely an advantage. Investors and others these kind of stories of the next Mark Zuck, gotta get them early you know.
We were thinking about this months ago. Check it: <a href="http://evolyte.posterous.com/get-notified-when-people-with-same-interests" rel="nofollow">http://evolyte.posterous.com/get-notified-when-people-with-s...</a>