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...

  • Don't kid yourself on your priorities

    What are your priorities?  Work?  Family?  Relationship?  Start-up?  9-5?  Non-profit?  Volunteering?  Watching television?  Reading blogs?  Eating?  Meetings? Don't...

  • The most important thing

    … isn’t the car you drive, whether you earn more money than your neighbour, who you know, or what you know;  it is your health.  Without your health, you...

  • Burnout

    I think that burnout happens when you set a goal, you work really, really hard to achieve the goal, and then the deadline comes and you haven’t...

  • Eating through mosquito nets

    The recurring problem with malaria is that mosquitoes have evolved to be immune to every vaccination ever invented against them.   Humans too are...

  • 2Mar Robotics Blog

    Hello! It's been ages since I blogged here. More recently, I've been blogging at the 2Mar Robotics Blog.

  • Phoenix, Arizona

    I love exploring new cities! So I was super thrilled to visit Phoenix in Arizona, and speak at ASQ’s Lean and Six Sigma Conference as their opening...

  • When?

    When are you going to apply for that grant? When are you going to start your assignment? When are you going to start your advertising campaign? When are...

  • Austrade San Francisco Landing Pad

    In late 2018, Aubot participated in the Australian Trade and Investment Commission’s (Austrade’s), Landing Pad program, which helps successful...

  • Everything is perfect

    Whatever anyone does, whatever anyone says, is aligned with how they see the world. And so decisions people make are always perfect for them in the...