The Future of UK Unicorns | Cleo - Barney Hussey-Yeo

Jimmy's Jobs of the Future

Boxlight Creative Studio

Technology, Business, Careers

5 • 1.1K Ratings

🗓️ 5 November 2024

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

From School Stabbings to $150 Million Revenue Join Jimmy as he sits down with Barney Hussey-Yeo, founder of Clio, in this riveting episode of Jimmy's Jobs of the Future. Barney candidly shares his unexpected journey from attending a state school in Sheffield to founding a company with $150 million ARR and clear aspirations of reaching $1 billion ARR. Learn about his days playing online poker, the setbacks he faced, and how he pivoted to success through the Entrepreneur First program. Gain insights into Clio's growth, it’s unique AI-driven product, and Barney's ambitions for global expansion, particularly in the U.S. Dive into his thoughts on the entrepreneurial landscape, the significance of nurturing homegrown talent, and his advice for young aspiring entrepreneurs. This episode is packed with valuable lessons, personal anecdotes, and a deep dive into building a generational company. 00:00 Intro 03:40 The Power of Simplicity: Redefining Financial Services 08:31 Building a Global Fintech: Challenges and Opportunities 14:09 The UK vs. US: A Tale of Two Markets 16:24 The Future of AI and Financial Services 21:43 Personal Journey: From Poker to Machine Learning 23:35 The Value of Studying Computer Science 24:06 Earning Potential for Computer Science Graduates 26:31 Transparency in Company Culture 27:52 Challenges and Rewards of Hiring Leadership 31:32 Structuring Teams for Success 35:45 Ambition and Career Growth 47:01 Advice for Aspiring Entrepreneurs ********** Follow us on socials! Instagram: instagram.com/jimmysjobs Tiktok: tiktok.com/@jimmysjobsofthefuture Twitter / X: twitter.com/JimmyM Linkedin: linkedin.com/in/jimmy-mcloughlin-obe/ Want to come on the show? [email protected] Sponsor the show or Partner with us: [email protected] Credits: Host / Exec Producer: Jimmy McLoughlin OBE Producer: Sunny Winter Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to Jimmy's Jobs of the Future. We've had a lot of high profile political and media guests
0:04.7	lately with Nick Clegg, Lionel Barber and last week William Hay. Today we're going back to
0:10.1	our roots a bit more with Barney, who is the founder of one of the fastest growing fintechs in the
0:15.8	United Kingdom. He's been very vocal on Twitter and LinkedIn about what the UK government was proposing to do at the budget.
0:24.6	So I thought it would be great to get him on to talk about that, talk about the difference between
0:27.9	ambition in the UK and the US, and what it's like scaling a company in the United States
0:33.6	of America as well.
0:35.4	For the politicians and policymakers that are interested in growth,
0:39.0	I think this episode is particularly interesting because Barney doesn't come from the typical
0:43.2	entrepreneur background, which might be an Oxford's degree followed by a stint at one of the big
0:48.6	consulting firms. He started out at Manchester Metropolitan University, studying machine learning.
0:59.0	Barney, welcome to Jimmy's Jobs of the Future.
1:02.0	Where did the name Cleo come from?
1:05.0	So, Cleo is an AI assistant, and there's a lot of, like, tropes about building these AI assistants.
1:12.0	It's going to be, you know, a subservient female, blah, blah, blah.
1:16.0	So we didn't have a name, and I'm going to Demo Day at EF, and I've got to, like, create a name.
1:21.4	So over the weekend, I'm, like, desperately Googling, like, strong female empowered names.
1:31.7	And Cleopatra, you know, the Egyptian emperor,
1:37.6	and she's a bit of a badass. So that's where it comes from. And then me, Cleo is available. And yeah, Cleo is it is today. And is Cleopatra now like a sort of mascot? I don't think we've ever like had a, no, there's no portraits, there's no statues.
1:49.7	We should maybe get one though, maybe we do.
1:51.5	It's quite, yeah.
1:52.3	It's quite interesting.
	...

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