Interview With Kieran O'Neill – Founder of Playfire, HolyLemon and PSU
11. Dec, 2008 
1 Comment
Kieran O’Neill, Serial internet entrepreneur with three huge successes online so far!
OK Folks, another great interview for you.
CHECK OUT THE INTERVIEW HERE:
Interview with Kieran O’Neill – Founder of Playfire.com
Some fantastic answers – like:
I also understand that you raised over $1 Million in venture capital investment for Playfire, a lot of young entrepreneurs come up with BIG ideas, what advice would you give a young entrepreneur trying to raise capital for their business?
I’d say try and do it without rasing capital first. It made sense for Playfire as the founding team had a track record, and were building out an initial version on our own. However, if there is any way you can execute the idea without raising money – do it. It takes a long time, and is the most expensive form of capital available. Also, you have to give up ownership, the most important thing there is, to people you don’t really know.
If, however, raising money is the only way, then I’d say:
- Do as much as you can first, especially things that show initial traction or a scalable revenue model
- Talk to angels and other successful entrepreneurs. They’re genrally more receptive to early stage deals versus the VCs who tend to prefer more developed companies.
-Get introduced to investors by pepole they respect / entrepreneurs they’ve previously invested in. Much better than going cold. Therefore, your strategy for meeting investors should be to meet funded entrepreneurs.
Interview with Kieran O’Neill – Founder of PlayFire.com
To find out more about Han Sup Yoon and Zuneboards visit www.PlayFire.com
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This is yet another in a great series of interviews you’ve posted recently. Thanks much.