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

  • Forbes World's Top 50 Women In Tech

    I was pretty chuffed and surprised to learn that I was named a top 50 women in tech globally by Forbes magazine!  OMG! See the full list here.  And my...

  • Aubot Instagram

    Aubot has created an instagram page with fun photos of Teleport!  Check them out here!...

  • YouthActionNet Global Fellowship Day 2: Look for what works

    Two Saturdays ago, I was in Adelaide taking a late-night stroll by the beautiful, still, River Torrens with 3 member of my Robogals Global team -...

  • 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!

  • 2Mar Robotics Blog

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

  • A co-founder worth fighting for

    My co-founder didn't want to work on my next start-up idea with me because he was too tired. I didn't want to work on his next start-up idea because I...

  • 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...

  • InStyle and Audi Style Scholarship

    On 13 May, I was named the InStyle/ AUDI Style Scholarship recipient.  Here’s my spread in InStyle magazine.  Thank you to AUDI and InStyle magazine...

  • Jevaroo’s base

    Jevaroo’s base dual plates are weighted with three heavy batteries, two large stepper motors for the neck’s linear actuators and its own two steel...

  • City of Darwin Robotics Workshop

    I was invited to Darwin for National Science Week on 19 August where I ran a robotics workshop for the kids.  The next day, I gave a speech to 400...