Philippe Laffont

“One of Philippe's amazing qualities is that he is like the best risk manager I've ever seen. And he has this sense of when something is about to go wrong. Like, I've, like, it is incredible. Like, he, and it's really been great for him. I mean, and, you know i…”

“And I don't think we can afford to ignore it anymore. So it doesn't mean like we don't really know exactly when and how to own it.”

“So I bet you that in the not too distant future, people will be able to automatically invest in bonds.”

“You could have a world with more like a dozen hyperscalers than like the two or three that we've had before.”

“I bet you that now that the market's gone up, we look at sentiment in a month from now, and it'll be like, oh, sentiment's getting better.”

“And there's this sort of false narrative that when you have tariffs, like a hundred percent of tariffs are going to get passed through in pricing and therefore tariff is like a tax, right? That retailer told us that they think only about 50% of the tariff gets…”

“If you think there's only five, and all these money managers, you know, they have like five stocks that represent 80%, I feel the level of risk that you're taking is too high”

“There's such a view that, like, large companies are bad, and we gotta bust them, and we're not gonna let them do any M&A. And as a result of that, small companies no longer get bought by big ones. And for me, it's a disaster, because if I fund small companies,…”

“These are things called interval funds, and it seems like the fees were more like 1.25 and 12. And so we're like, well, can we live at 1.25 and 12? And I was like, yeah, you know, it's a really good deal for other people”

“So I went to see the family offices. I didn't quite see the founders directly, but the family offices for both the Bezos family and then the Dell family. And I sort of pitched them the idea. They liked the idea. Then we pitched it to the founders and then we g…”

“Led by Philippe, they announced something that is, I think a bill, it's anchored with a billion dollars from Bezos and Michael Dell. But the premise is that they will accept investments for the relatively low capital amount of 50 K, which is traditionally a mu…”

“If that becomes true, if that kind of Path dependency is, is cast upon every venture capital company that comes along. You're going to end up with an excessive amount of zombie corns because previous to this evolution in the late stage markets, plenty of compa…”

“Kotu is an investor of mine, and I look at Philippe LaFont, Thomas LaFont, and the way that Kotu manages risk, and I am mesmerized by their ability to understand market dynamics and react to it in really smart ways. They aren't enamored by the companies that t…”