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

  • Wall of Change

    I have a wall in my room where the artwork is sheets of paper blu-tacked next to each other, forming a rectangle.  I call it my "Wall of Change" My...

  • Woman in STEM

    For National Science Week, I spoke at the Super STEM Careers event about my career in STEM.

  • Shell Eco-marathon Asia Wrap-up

    It was a whirlwind of a week in Malaysia at Shell Eco-marathon Asia. The air was constantly buzzing with intense excitement and anticipation, mixed...

  • Jevaroo - pouring a glass of water

    Here is our 8-degree-of-freedom robotic arm Jevaroo, pouring a glass of water and then moving around to show its range of movements!

  • Fetch Robotics

    I visited Fetch Robotics as part of a field trip for a Stanford course I took. Fetch Robotics sold to Zebra Technologies for $290 million in 2021....

  • The Impostor Syndrome

    I first learnt about the impostor syndrome at the Grace Hopper Celebration for Women in Computing in 2011.  A Stanford student asked a question...

  • SBS Viceland: The Feed

    SBS Viceland’s The Feed did a story with us where Anthony used his brain to control Teleport to see the top storey of his house for the first time,...

  • The Project Woman to Watch

    The Project called me a “Woman to Watch” and shot this short video.  It contains footage of a child going to school remotely using Teleport,...

  • Aurukun Advance Queensland

    As part of my Advance Queensland Hot Desq tenure, I was granted the unique opportunity to visit a remote Aboriginal community, Aurukun, to encourage kids into...

  • Think more

    All men's miseries derive from not being able to sit in a quiet room alone. Blaise Pascal One of my favourite things to do is to sit there and...