5 • 1.1K Ratings
🗓️ 17 July 2023
⏱️ 34 minutes
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0:00.0 | Lots of people now recognise the company, the Octopus Group, but most of them associate it with Octopus |
0:06.6 | Energy, the start-up energy company which now serves over 5 million customers. However, |
0:12.0 | the origin story of the Octopus Group goes back to the turn of the millennium, |
0:16.9 | and it was started by two investment managers, Chris and Simon, who both struck out on their own |
0:22.0 | in their early 20s. Start-up life can seem glamorous, but it can be quite stressful. |
0:27.2 | It was really hard. We had a little bit of savings to fall back on, not very much. |
0:31.0 | I think all of us had to get our girlfriends to help pair our rent through that first |
0:34.3 | difficult year. We had no income at all for 10 or 11 months, and there just was some |
0:38.4 | mean for stretcher back then. In today's repost episode, I guess is Chris Hula, co-founder of the Octopus |
0:44.4 | Group. Two decades ago, Chris made the decision to leave a stable job and establish his own |
0:50.1 | fund management company alongside Simon. It was definitely difficult and it certainly made us |
0:56.0 | realise that starting a business is not an easy thing to do in the end. You need immense determination, |
1:01.2 | you need real passion for it, and you really got to believe in yourself because you're |
1:04.7 | fundamentally trying to persuade people. Today they have almost 13 billion under management, |
1:09.6 | on behalf of over 63,000 investors, and have over 750 employees, and the Octopus Energy |
1:17.0 | was actually a corporate spin-up. Alongside those lofty ambitions, they were also the first company |
1:22.6 | to ever partner with Jimmy's jobs in the future. Back when that biggest outlay was a 50-pound |
1:27.1 | Amazon mic, and a few cushions around my laptop for soundproofing. |
1:32.4 | Welcome to today's show, Chris. We start by asking everyone what was the work experience |
1:38.3 | that you undertook, and also what was your first paid job? |
1:42.4 | Hi, Jimmy. Well, great to be here. Let me take you back 30 years, so it was just after my |
1:47.5 | GCSEs and the bit of work experience I did that summer was spending six weeks at one of the |
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