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

  • I'm average

    I used to think I was brilliant.  That I was different.  That I was special.  But then I realised a lot of people feel that way about themselves.  And...

  • Make a wish!

    Go. Do it. Make a wish. Be wild! Be wise! Be audacious! How much does your wish cost? Can you afford it? Then pay and do it. You can’t? Calculate how...

  • 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,...

  • Robogals 10-Year Anniversary Gala

    On 14 July 2008, I founded Robogals. At the Robogals 10-year anniversary gala in Melbourne, I gave a speech alongside Mark Parncutt, co-founder of...

  • Channel 7 - House of Wellness TV

    Channel 7’s The House of Wellness TV got in touch to find out what I’m up to. We talked robots, Aipoly and more robots.

  • Brain-controlled Teleport

    I was invited to demonstrate my robots on a QANTAS flight from Sydney to San Francisco, while we flew over the Pacific Ocean.  I said yes!  My fellow...

  • 1 day = 2

    When I was planning the first UK SINE, for about a month, I split each day into two.  I would get up in the morning, and do all the actions needed to...

  • Holding a successful meeting

    Make sure everyone is clear about the meeting time and location. If you are the one hosting the meeting, show up. Woody Allen has a quote, “80% of...

  • ABC "Can You Hear Me?"

    ABC made this short video, as part of a three-part series, about my Chinese culture and Brett Leary’s (founder of Virtual Songlines) Aboriginal...

  • Three months

    In the first three months, Robogals Melbourne was formed (July ~ September 2008). In the next three, I got to know London and Europe (October 2008 ~...