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

  • Aubot Instagram

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

  • 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...

  • Aipoly launches!

    We launched Aipoly two days before CES 2016, where we were given a booth for free, as one of five winners of the first CEA Foundation "Technology...

  • A Summer at Engineers Australia

    I saw on Facebook that Engineers Australia Victoria were moving into new premises.  I saw the national CEO Steve Durkin at an event.  He said I was...

  • Brain-controlled Teleport

    I was invited to demonstrate my robots on a QANTAS flight from Sydney to San Francisco, while we flew over the Pacific Ocean.  I said yes!  My fellow...

  • Australia-Israel Chamber of Commerce Trade Mission

    I led a trip to Israel with Wyatt Roy, Assistant Minister for Innovation, for a group of 45 entrepreneurs, politicians and business people, in order to...

  • Jevaroo - 8DOF robot arm

    We’re building a new robot Jevaroo, an 8-degree-of-freedom robot arm on a moveable platform, that can lift 1.32kg at full extension.  I love this...

  • Fetch Robotics

    I visited Fetch Robotics as part of a field trip for a Stanford course I took. Fetch Robotics sold to Zebra Technologies for $290 million in 2021....

  • AWW Women of the Future Awards

    On 22 September, by an esteemed panel that included Honourable Dame Quentin Bryce, Chloe Shorten, Today show co-host Lisa Wilkinson, 7.30 anchor...

  • American Australian Association: Next Generation Leadership Award

    I received an award in New York City from the American Australian Association:  the Next Generation Leadership Award.  As a result, they're planting a...