75: Building a Charity, Buying The Independent Newspaper and Facing Tragedy – With Justin Byam Shaw, Founder of The Felix Project

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 6 October 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this different podcast for us, we talk to Justin Byam Shaw, who set up The Felix Project in 2016 after the tragic death of his 14 year old son. The charity redistributes surplus food (that would otherwise go to waste) from 539 suppliers and delivers it to almost 1,000 charities, primary schools and holiday programmes.

Justin starts by describing his own career following Oxford University, his first early success, building and selling a media business, through to buying The Independent - a then failing newspaper - and turning it into the huge success it is today.

The conversation then pivots to The Felix Foundation and its genesis. Justin describes the acute food waste problem in this country and the vast food poverty which surrounds us. He explains the supply and demand dynamics of food waste, the logistical challenges they have overcome, and the ways in which both organisations and people can help every day.

Finally, Justin offers thoughts on the shifting sands in the world of media, advice for young people considering becoming entrepreneurs, and the why good management is often more valuable than a new idea.

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The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.

Transcript

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0:57.3	Thank you for listening.
1:01.0	We're delighted to have Schroeder's as a sponsor and corporate partner.
1:05.5	Schroeder is a global investment manager
1:07.6	whose purpose is to provide excellent investment performance through active
1:11.8	decision-making. For more than two centuries, Schroeder's has evolved their understanding of
1:16.3	markets, offering investment solutions across fixed income, equities, multi-asset, as well as private
1:22.5	markets through Schroeder's capital. Schroeder's actively invests in companies with
1:27.0	responsible and durable
1:28.2	business models. They're also a leading specialist in impact investing for clients who want to
1:33.1	maximize positive change. Capital is at risk with investing.
1:37.9	Bromont is also a sponsor of the Money Maze podcast. Bramont is a British company based in Henley that was established 20 years ago by two young
1:46.8	brothers whose dream was to design and engineer beautiful chronometers.
1:52.0	When Giles English, one of those brothers appeared as a guest on the Money Mays podcast last
1:56.7	year, he brought to life the wonderful history of British watch baking, helping to explain why the
2:02.5	world sets its time by Greenwich Mean Time, and he captured the incredible challenge of mastering
	...

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