Thomas Laffont
speaker
504 appearances
2 recordings
2 series
first heard Jun 2026
last heard 4 Jun
Thomas Laffont’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 2.
Appearances
If you're a decacorn, so that means you're over 10 billion, the odds of you becoming a hundred billion dollar company, not much better, 8% to 13%.
But how interesting that if you're a centacorn, a hundred billion or more, the odds, and by the way, we're putting in public and private companies, you now have a 31% chance of having had a 10X.
This kind of flies, in my opinion, in different than maybe we would have expected.
And if we look at how quickly these companies are creating value, this is a chart that I kind of added at the last minute because the data is so fresh, but you can see it typically takes multiple years to go from 500 billion to a trillion in market cap.
Well, something happened very recently in the public market, which is that not only did we have three companies do it in the same year, but we had two companies do it in a matter of weeks.
So we can talk about what conclusions to take from that.
Now, even as these companies were scaling incredibly quickly from 500 billion to a trillion, we had other companies take a long time to succeed.
And this is a company called Cerebras that just won IPO, so I thought it'd be a good candidate.
I was very proud to be a board member for a long time and led the Series B. But if you look at the company's funding history, you can see where I put the little construction icon.
That it took a long time and there were some dark periods, multiple years of no new capital, of hard grind to develop their technology.
All of that time leading up to a massive OpenAI contract, which then quintupled the value of the company.
But we know Cerebrus has been successful, and frankly it's not just Cerebrus.
Semis are on a generational run.
I was just talking about this with my friend Brad Gerstner earlier.
This is just since 2024, the all-in summit.
You can see how much the semiconductor industry has outperformed the index.
What will happen in the future, well,
One takeaway from having listened to a lot of speakers this morning is that there seems to be wide agreement that the more an AI system knows about your business or you as a user, the more useful it is.
You want to know when you go and book a restaurant that it knows already your preferences, whether it's what time you like to eat or what food you like to have, etc.
So we think ultimately that in this era, the amount of memory per user could quintuple just based on the demand that these AI systems are requiring to provide their services.
Showing 101–120 of 504 · page 6 of 26
← Previous
Next →