Thomas Laffont· Guest0:00
Why do you think I waited to make my world podcast premiere for All-In? All the ankle biters called, and I said, "No, I'm just gonna wait. I'm gonna wait till the Besties call."
David Sacks· Host0:08
Coatue is one of the most successful hedge funds of the last two decades.
Thomas Laffont· Guest0:12
Fifty-five billion dollars under management.
Chamath Palihapitiya· Host0:14
This is their flagship hedge fund.
Thomas Laffont· Guest0:15
The reason we decided to kinda get into this business is to find great entrepreneurs and find great companies.
Chamath Palihapitiya· Host0:21
And they're looking to raise a whole billion dollars more to invest in AI.
Thomas Laffont· Guest0:25
We're in an idea business, and when you have a truly revolutionary idea, it can get really big. I hope to do something a little bit different. Besties, you've been on for a couple hours, so you can take a break now for a few minutes. Sit back. We are gonna show you some slides, and we're gonna walk you through really an update on the unicorn economy. So the markets are back. We can see that the unicorn economy on average since September of '24 is up seventy percent. I think that's intuitive to a lot of us. But what's even more amazing is that the public market has really made the same move up. So if we look at the share of the unicorn economy of the Nasdaq, which had a significant move up since two thousand and fifteen, it's really kinda plateaued over the past few years, and I think it speaks to the performance of public companies like Palo Alto and others. So AI is dominating fundraising. What's kind of interesting in this slide is you can see their share continues to increase, so multiple years in a row now that AI is increasing its wallet share

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