Squawk Pod Coatue’s Philippe Laffont: The Year of the Privates 6/25/25
Jun 25, 2025
Philippe Laffont, founder of Coatue and an early investor in Facebook and Netflix, shares his bullish outlook on AI-driven business innovations and the forthcoming entrepreneurial boom. He emphasizes the importance of lifecycle investing and the market’s shift towards private companies. Meanwhile, Michelle Caruso-Cabrera discusses the surprising NYC mayoral primary victory of socialist Zohran Mamdani, unpacking the changing political landscape and its potential effects on local governance. Together, they provide insightful perspectives on investment and politics.
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2025: Year of AI Privates
- Philippe Laffont sees 2025 as a pivotal year where private companies in AI will redefine technology leadership.
- He believes the era of cloud and SaaS dominance is giving way to AI-driven innovation disrupting the market leaders.
AI Investment and Economic Shift
- Massive investment in AI chips and infrastructure is justified by huge productivity gains from AI implementation.
- AI will reduce employment in many sectors but also lower costs, enabling new entrepreneurship and economic shifts.
Lifecycle Investing in Public and Private
- Private markets allow companies to grow and innovate before profits appear, complementing public markets.
- The line between public and private markets blurs, requiring investors to adopt a lifecycle investment approach.