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

  • Do what's hard

    In Robogals, I always looked for the hardest possible thing to do.  And then I did it. Because I knew that if I could achieve that, then I would...

  • Press for Teleport Brain Control

    Our brain control Teleport got some great press!  It was covered by the Brisbane Times, New Atlas, Mashable, BBC and NowThis. Brisbane Times:  Robot...

  • Being your word

    If you tell people you are going to be at X location at X time, people take your word for that. If you’re not there, they decide that next time,...

  • 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...

  • Robot repairs

    Robot troubleshooting on the fly in Sydney.

  • 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...

  • Why everyone dolls out the same advice

    "Follow your passions." "Dream bigger." "Focus." "You can get there with hard work." "Do what you love because then you'll never have to work a day in...

  • #TechMyWay with Ashton Kutcher

    Spoke at a Lenovo event by myself for 12 minutes and then on a panel with Ashton Kutcher.  Met with Hollywood’s Steve Jobs and had a yarn about...

  • Over-exposure

    Telling people your plans too early doesn't make you less likely to achieve them.  I know when I tell people what I plan to do the response I get...

  • 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...