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

  • How successful are you?

    “I go to Imperial College”, “I’m applying to MIT”, “I play bowls for my county”, or “I’m a pro-series gamer” means nothing to the person who doesn’t know...

  • Be a fool

    When you learn something for the first time, everything is new to you. So you explore, you try different things, you fall down, you fail, you fail, and...

  • Last impressions count

    When you leave someone after an interaction, do you leave them present to their own greatness? Do you leave them feeling completely validated,...

  • 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 ~...

  • Worse than procrastination

    One of the biggest muscles to exercise shouldn't be getting yourself motivated to not procrasinate.  Sure, procrastination is a big issue, and...

  • Teleport In Action Video

    After months of careful, hard work by the team, we have launched a new Aubot website!  Have a look at our new website here! In addition to that -...

  • The stars won't align

    I was thinking and plotting and planning my startup. When to begin.  Was it too early?  Was the market ready?  Would I waste my time?  Would I waste my...

  • Real Girls Change the World

    Went to Utah and spoke at the Girl Scout National Convention in front of 6000 young women from all over America.  Pretty insane!  The panel was...

  • Tech Schools Ambassador

    I've been named the ambassador for a Victorian Government education initiative called Tech Schools! Tech Schools are shared learning centres...

  • Clarity in thought

    Clear away some space and time for yourself. Without the pressure of someone bursting in and occupying your space. By giving yourself the time and...