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 I manage

    For one of the projects I’ve been leading for over the past 2.5 years, I manage a team of 20 people remotely. I meet with all of my direct reports...

  • Choose Maths

    Choose Maths is an exciting 5 year, national project designed to empower and encourage Australian students (in particular girls) to pursue...

  • 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...

  • Snohomish County

    Thank you Economic Alliance Snohomish County for giving me a standing ovation! I was invited an hour north of Seattle to Snohomish County by...

  • How in(credible) are you?

    In order to be incredible, you first have to credible - to have people who trust you and your ability.   The winner of the 2007 TED Prize was awarded $100...

  • Eyesight on technology

    When I was growing up, I read voraciously - for hours and hours a day.  When I was in year 7, my mum even went to my parent-teacher interview and...

  • YouthActionNet Global Fellowship Day 6: Succession

      We spoke about our succession plans today.  We did a great activity:  if I were to leave Robogals on November 6, one month from now, what would I...

  • GEDC Diversity Award

    I was awarded the Global Engineering Deans Council (GEDC) Diversity Award for my work with Robogals.  It was sponsored by Airbus.  Here is a photo of...

  • 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...

  • TEDx Aipoly

    Alberto and I gave a speech about Aipoly at TEDxMelbourne, where we showcased Aipoly Vision being used via glasses.  Aipoly has now been downloaded...