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Jimmy's Jobs of the Future

REPOST: From Girlfriends Paying Your Rent to Managing Billions: The Octopus Group's Entrepreneurial Journey with Chris Hulatt

Jimmy's Jobs of the Future

Boxlight Creative Studio

Technology, Business, Careers

51.1K Ratings

🗓️ 17 July 2023

⏱️ 34 minutes

🧾️ Download transcript

Summary

Follow Jimmy: Twitter Substack Instagram Youtube Jimmy's Jobs Website Recorded in the midst on the pandemic, our guest on today's repost episode is Chris Hulatt - Co-founder of the Octopus Group. In this episode we delve into Chris's inspiring story of taking risks and defying conventions. We learn how Chris explored challenges he faced while venturing into the unknown and discuss the strategies that led to the remarkable growth of Octopus Group. Furthermore, we uncover the intriguing origins of Octopus Energy, which emerged as a corporate spin-out, demonstrating the company's innovative approach to expansion and diversification Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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