Jimmy's Jobs of the Future The Future of UK Unicorns | Cleo - Barney Hussey-Yeo
Nov 5, 2024
Barney Hussey-Yeo, founder of Cleo, an AI-driven fintech company, shares his remarkable journey from a state school in Sheffield to leading a company with aspirations of reaching $1 billion ARR. He reflects on his early days playing poker and how setbacks shaped his entrepreneurial spirit. The discussion emphasizes the contrasting entrepreneurial landscapes in the UK and US, Cleo's unique approach to financial services, and the importance of nurturing homegrown talent. Barney also offers invaluable advice for aspiring entrepreneurs navigating the startup world.
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Fix Public Markets To Retain Scaleups
- Get pension funds and public investors to take more risk and reward growth over profit to build late-stage tech markets.
- Create incentives and late-stage capital so companies can stay and list locally instead of moving to the US.
Open Banking's Regulatory Capture
- UK open banking intended to be progressive was co-opted by big banks and became poor UX due to re-auth every 90 days.
- That forced Cleo to work with Plaid and shift some operations to the US for better developer infrastructure.
Study CS And ML Early
- Study computer science and machine learning to gain skills that will remain valuable across decades.
- Use those skills to create or join AI-native startups where impact and earnings grow rapidly.