The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 15 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Laffont: AI ecosystem revenue will hit $300B this year and double next
“We believe that it's about a hundred forty billion today. It'll be about three hundred billion this year, and it'll double in twenty-twenty-seven.”
Laffont: Centacorns have a 31% chance of 10x-ing to $1 Trillion
“So the data showed us that if you're a unicorn, the odds of you one day becoming a Decacorn are about eight percent. If you're a Decacorn, so that means you're over ten billion, the odds of you becoming a hundred billion dollar company, not much better. Eight …”
Laffont: Anthropic is scaling faster than any previous tech company
“Anthropic in particular is scaling like no other company that we've ever seen.”
Laffont: Coatue contributed to the IPO backlog by providing private liquidity
“That we were giving liquidity to secondaries and founders and, you know, companies that should be public by giving them private capital, we were essentially enabling them to stay private longer.”
Sacks: Coatue forecasts that venture capital availability will drop 75%
“They're predicting, they're forecasting that capital availability will It's going to decline about 75%. The amount of money that's venture money that's available to the ecosystem down by three quarters.”
Sachs: Crossover investors like Tiger and Coatue have paused venture spending
“What I've heard is that the crossover investors like Tiger, like Kotu, who are deploying all this money, they've really slowed down now. I think they're all kind of licking their wounds. And so like all of this money that was flooding into the venture space is…”
Laffont: Launch cadence is top driver of SpaceX valuation
“The number one driver correlated to the valuation of SpaceX is cadence of launches.”
Laffont: Coatue interval fund charges 1.25% management fee and 12% incentive fee
“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”
Laffont: Bezos and Dell families provided $1B to launch Coatue fund
“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…”
Laffont: Concentrating 80% of portfolio in five stocks is excessive risk
“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”
Laffont: Coatue valued ByteDance on Chinese business, discounting TikTok US
“We never attributed much value to the, you know, the TikTok US asset in the sense of our analysis was always based on the value of the Chinese business, specifically because it's just hard to know what the, you know, the TikTok asset X China would be worth, ri…”
Stability AI raised $101M at a $1B valuation with no commercial product
“A hundred and one million dollar funding led by KOTU Lightspeed Venture Partners. At a one billion dollar valuation for stability AI this is a for-profit company built off the backs of the open source project, stable diffusion. They have no revenue. They have …”
Sacks: Coatue poll found two-thirds of founders planned to accelerate during downturn
“What KOTU did is they polled all the founders in the audience. The poll results showed that on the one hand, everyone in the audience understood that we were headed for a big downturn and economic conditions and fundraising are going to be much tougher. On the…”