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

  • Life Purpose Event

    From July 2020 - March 2022, I worked really, really hard on achieving a big goal and having a huge impact on the world. By March 2022, when we’d...

  • Speaker in the USA!

    I received my USA visa to do speeches in the USA several months ago.  I’m very excited about spreading my messages and telling my stories all over...

  • Who says yes?

    I think it's important to have one person that says the final 'yes' to all the decisions in a start-up. That one person should be the visionary...

  • World Entrepreneurship Forum

    After Utah, I flew to Lyon, France to speak at the World Entrepreneurship Forum.  It was fantastic to meet with successful entrepreneurs from all...

  • 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...

  • Live at Shell Eco-Marathon Asia

    It's been full-on in Malaysia at Shell Eco-Marathon Asia. The most exciting thing has been tracking our Australian entrant, Girton Grammar Team...

  • Tech Schools Ambassador

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

  • The Impostor Syndrome

    I first learnt about the impostor syndrome at the Grace Hopper Celebration for Women in Computing in 2011.  A Stanford student asked a question...

  • A Day in the Life at Singularity University

    From June 13 - August 23, I am staying at NASA AMES Research Park, funded by Google, studying with 80 people from around the world in Singularity...

  • 10 Years Young Australian of the Year

    On this day, 10 years ago, I was named the "Young Australian of the Year", by the Prime Minister of Australia, in front of Parliament House, on...