Episode #36 - Why I left my €100k CEO job aged 26 to launch a start-up to save the planet

Show notes

What makes somebody give up their 100k euro salary and CEO position to launch a start up at the age of 26?

Well, that’s what our guest this week has done. His company is HomeTree, a UK based tech start-up focused on alleviating the hassle too often associated with purchasing boilers and other energy saving home improvement categories once and for all. 

The ambition: to be the go-to place for homeowners looking to install and finance a range of products which drastically reduce their reliance on the grid and to live more comfortably, cheaper and in a more sustainable way.

At just 20, Simon was given an incredible opportunity when he was selected by the New Entrepreneurs Foundation as one of the top young potential entrepreneurs in the UK in its inaugural program. The programme placed him with Jon Moulton, the famous private equity investor, on a one-year contract, which ultimately turned into a permanent role. 

By the age of 23, Simon had been sent to his home town of Dublin, Ireland to set up a €100m joint venture fund with the Irish Government. 

By 25 he had made Simon CEO of one of his major investments.

However, inspired by the likes of Elon Musk, Simon felt increasingly compelled to work on what he believes is “my generation's greatest problem”: climate change. Aware of Musk's mission to accelerate the advent of sustainable transportation with Tesla, Simon wanted to do something similar. But as an environmental engineer by training, he was keen to concern himself with the fact that the largest greenhouse gas contributor by far – electricity generation in residential buildings – was not seeing the same type of innovation. 

HomeTree is his response.

Enjoy the show.

Simon Phelan and Andreu Tobella (chief product officer), Hometree's co-founders

Simon Phelan and Andreu Tobella (chief product officer), Hometree's co-founders


This week's news round-up with Vikki Knowles (aka Susty Girl) features:

1. Nike's distribution centre that uses sheep instead of lawnmowers for maintenance
2. Vogue's take on sustainable wool
3. The Union of Concerned Scientists new scorecard on the 13 biggest good companies – most of which aren't doing enough to safeguard tropical forests
4. Management Today's exploration of the impact of executive pay on corporate reputation.