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

  • Teleport V2 Suite Showcases

    In May, we showcased our version 2 Teleport head prototype at ICRA in Brisbane.   In June, we showcased our version 2 Teleport prototype at...

  • Wall of Change

    I have a wall in my room where the artwork is sheets of paper blu-tacked next to each other, forming a rectangle.  I call it my "Wall of Change" My...

  • Where are you not looking?

    You’ve brainstormed and tried all the keywords that you could think of in Google, you’ve asked Jeeves, you’ve spoken to your lecturers and you’ve...

  • 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...

  • I have what Barack Obama and Steve Jobs have

    Yeah, I know. I’m so cool, and I’m so lucky. I have DNA, flesh, blood and bones. Barack Obama and Steve Jobs are truly two icons of our time - men...

  • 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...

  • Networking effectively

    I meet people all the time. In the past it was at entrepreneurship networking events when I was starting up Nudge.  Then, it was at engineering...

  • Losing focus

    From an organisational point of view, it's better to focus on doing a small number of things right, than a large number of things wrong. In...

  • 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 -...

  • Foxconn H.Spectrum Taiwan and M.A.P CEO Philippines

    On 28 August 2016, I was invited to Taiwan by Foxconn to speak at the H.Spectrum by Yonglin Healthcare Startup Conference.  I gave a 15-minute...