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

  • Show up

    Woody Allen once said that "eighty percent of success is showing up." To me, that means, you go to the meeting about the project.  You're there...

  • 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...

  • No Electronics Day

    Sometimes I like to take a day to think and reflect. So I get someone else to take away my computer, phone and any electronics in the house - so I...

  • The most successful students become university professors

    When kids are in diapers, their parents enroll them into primary school. If all goes right, the right primary school could mean the right high...

  • A critical analysis

    Critics are those who stand on the sidelines waiting for you to muck up so they can laugh at you, point out your mistakes gleefully and then...

  • Andy Warhol

    What makes Andy Warhol's work unique is that he was the first to bring that kind of art to the world. You might look at his art and say that it's...

  • My lockdown life

    Lockdown is certainly a change of pace for me. I used to fly around the world twice a month! Now I’m stuck inside my 768 sq ft apartment for months...

  • 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...

  • Aipolyglot

    My cofounder in Aipoly is Italian, so we went to Italy to promote, due to popular demand, Aipoly’s availability in 7 languages - English, French,...

  • Q&A

    Q&A on ABC alongside two Nobel Laureates:  Peter Doherty and Brian Schmidt, Chief Scientist of Australia Ian Chubb and respected microbiologist...