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

  • ANZ Television Commercial

    Appeared in an epic television commercial with my robot arm!

  • Shell Eco-Marathon Asia

    I’m very excited to announce that I have been named the 2019 Shell Eco-Marathon Ambassador for Australia. The concept of the Shell Eco-Marathon stems...

  • How to figure out what to do with yourself

    As the Cheshire Cat says, "if you don't know where you're going, any road will get you there." In my Engineering Analysis A class (an engineering...

  • #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...

  • The way things go

    You set up a meeting time, ten people email back and say they’re keen, passionate and that they’ll be there.  One person shows up.   So what’s there to...

  • NBN STEMpreneur

    The NBN Stempreneur Initiative is a virtual learning program for kids in eight regional schools. It shows young people the breadth of opportunities...

  • 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...

  • You admire the things you can't do

    I've noticed in contests I've been on the judging panel for that those who have an expertise in a field, are more critical of entries that cross...

  • I've done what I've done

    When I became Young Australian of the Year a year ago, I wanted to give as many speeches as I physically could, I wanted to contribute to the...

  • Aipoly at Singularity University

    Aipoly aims to help the blind navigate the world. Our first application enables blind people to take a photo of their surroundings, and have it...