Insights from another student entrepreneur…

Published: Monday, 23 February 2009

Kieran O’Neill started up holylemon.com, a sight that shows funny videos, funny movies and funny videoclips when he was 14, and sold it for US$1.25 million while studying at the University of Bath, during his exam period. He was 19 at the time. Now 21, he’s working on PlayFire and PlayStation Universe, while finishing off his degree. He spoke at Imperial College recently, and dispensed the following advice:

 

(1) If you’re starting a technical company, have at least one technical co-founder. Have someone great.

(2) Raising capital from equity is the most expensive source of funding. It’s way better to bootstrap or borrow.

(3) Finding the right co-founders is essential to the business.

(4) Figure out what your key business metrics are, and measure obsessively.

(5) Get onto the feedback loop as soon as possible. I.e., launch as soon as possible.

About Me

Marita ChengForbes named me a world's top 50 woman in tech & 30 Under 30. I founded Robogals and Aipoly and was Young Australian of the Year 2012. Currently working on robotics company Aubot. I'm the youngest Member of the Order of Australia (AM) and I give speeches around the world.

I tweet @maritacheng and I'm on Facebook.

Subscribe

Enter your email address to receive my latest blog posts: 

 

Random Articles

  • Be a fool

    When you learn something for the first time, everything is new to you. So you explore, you try different things, you fall down, you fail, you fail, and...

  • GEDC Diversity Award

    I was awarded the Global Engineering Deans Council (GEDC) Diversity Award for my work with Robogals.  It was sponsored by Airbus.  Here is a photo of...

  • Why I wear odd socks

    Whenever I go and collect my laundry from the laundry room and have to go back out into the hallway for my second load or to go to the toilet, I...

  • I'm a blogger... again!

    For those of you who know me from a few years back, I started up a blog in January 2009 (I think?), blogged everyday for like 2 months straight,...

  • The worst that can happen

    When I was growing up, my mum earned about $20,000 a year to support herself, my brother and I.  By living very frugally and only spending money on...

  • Focus with a laser on the things that achieve the most results

    Am I working towards a larger life goal?  Am I learning anything?  Does this help keep a roof over my head? I focused on a number of activities while I...

  • Special Visitors

    During our summer working out of the Engineers Australia Victoria office, we had some special visitors. Minister Merlino, the Deputy Premier and...

  • Chinese History Museum

    The Chinese History Museum invited me to be part of their exhibition on notable Chinese Australians. In February, over Chinese New Year, my mum came to...

  • YouthActionNet Global Fellowship Day 6: Succession

      We spoke about our succession plans today.  We did a great activity:  if I were to leave Robogals on November 6, one month from now, what would I...

  • Being your word

    If you tell people you are going to be at X location at X time, people take your word for that. If you’re not there, they decide that next time,...