Despite feeling under the weather, potentially from Covid or a severe cold, Euan Blair radiates enthusiasm during our conversation.

As the son of former Prime Minister Tony Blair, who continues to command attention, Euan, now 40 and a father of two, has surpassed his father in financial achievements.

While Tony advocated for higher university enrollment during his administration, Euan recognized that apprenticeships could provide more opportunities for many individuals. In 2016, he founded a company aimed at assisting young people, especially those from working-class backgrounds, to secure apprenticeships in prominent companies such as Google and BP.

Now known as Multiverse, the business is currently valued at approximately $2 billion, with Blair holding a stake reportedly worth around $425 million.

“I apologize if I’m less energetic than usual,” he humorously noted during our Zoom meeting, his voice sounding congested, before enthusiastically sharing his vision for the organization.

Multiverse, which generated revenue of £45 million last year and employs 800 individuals across the UK and the US, is expanding quickly. Excitingly, Blair has welcomed Baroness Lane-Fox of Soho, co-founder of Lastminute.com and a former director at Twitter, to the board.

Additionally, he has recruited an accomplished new chief financial officer, Jillian Gillespie, known for her role in the growth and IPO of MongoDB, a $20 billion tech firm.

This shift hints at the potential for the company to consider a public listing. Multiverse’s last funding round took place in 2022, valuing the company at $1.7 billion, and its growth trajectory has been substantial since then.

When asked about the possibility of an IPO, Blair provided a response typical of political discourse, indicating, “We have no immediate plans but have built an excellent team with experience in both public and private markets.”

Lane-Fox brings a wealth of experience, having served as a non-executive director at Twitter during Elon Musk’s acquisition in 2022, and she holds positions on the board of Chanel and the British Chambers of Commerce, enhancing her influence in tech investment should Blair pursue a public offering.

Blair also highlighted Gillespie’s crucial role at MongoDB during one of the most successful software IPOs ever.

Recently, Multiverse’s growth has been largely driven by older apprentices rather than younger ones. “While we initially focused on alternatives to university, that only tells part of our story,” he explained. Technological advancements, particularly in generative AI, present challenges as older generations may find themselves displaced or unable to adapt.

“To avoid large-scale redundancy, reskilling is essential,” he asserted.

Consequently, Multiverse has broadened its training to include older employees currently in the workforce. “Our youngest apprentice is 18, and our oldest is around 68,” he stated. Notably, the most active users of their AI coaching tools are apprentices over 45.

This trend is poised to continue, as Blair noted, “Companies are facing significant pressures now. There’s universal anxiety surrounding AI: whether firms are falling behind, missing revenue opportunities, or grappling with ethical implications.”

For Multiverse, these challenges translate into promising business prospects. “This is propelling our growth, and we’ve seen two record quarters recently,” he shared.

Though Multiverse reported a loss of £40 million in 2023 due to its expansion efforts, Blair expressed confidence in the remaining funds from their recent funding round, anticipating they will become profitable before those funds are depleted.

While he isn’t pursuing an IPO just yet, it’s clear that speculation regarding a future listing continues in the tech landscape.