Thomas Laffont | All-In Summit 2024

[@sitanshurai892]

Loved this. This is how I fell in love with this pod. Explains the investment and tech environment so well

[@Trishpage312]

I love this! Thanks you. I’ve learned so much so far. This is such a wonderful thing to share with everyone. Also, Chamath… you KILLED it on JRE! Congratulations!

[@ZimaBlue99]

30:28 Chamath was so pissed that drunk Jason exposed the wine incident. This is how he retaliated 😂😂😂

[@AndresNavia]

What a breath of fresh air. The classics. Gracias. Merci.

[@mariaginzburg4512]

By far the best! Thank you for going back to the classics and leaving politics and geopolitics aside🎉

[@1thefifthelement]

Thomas’s slides were fantastic! They were packed with so much valuable insight. Thanks to the All In team for delivering yet another incredible episode!

[@lavmorc]

The band + early album analogy was a great way to open this presentation.

[@julianmckernan1348]

Great session! Love the band reference too… such a great alignment… for me this is the Bill Gurely 2851 miles talk of this yrs summit.. 👏👏👍👍

[@_zeketorres]

One of the best videos I've seen about VC and Startups

[@nbultman_art]

Back to the old days 🎉

[@ryanmark2755]

Bravo! Really fascinating talk on the past, present and future3

[@russellmm]

what a great talk. Jason nailed it with his impassioned speech @29:30

[@willbobagginsIV]

* incoherent rambling lol

[@ReasonableHuman1]

Really good presentation

[@Jack-ei3gu]

The lack of liquidity in startups isn’t just due to M&A laws, it’s also driven by poor investments and lack of proper due diligence by VC. Too much money went into weak startups, creating a bottleneck as they fail to scale or attract further capital.

[@colecarouba7926]

Have you heard of Lina Khan?😂

[@savagelivemusic]

Definitely... how could the crypto conversation not come up in this talk??!!

[@Jordanehart]

30:26 you want to win support, perform for this society.

[@Marty72]

4:00 The growth from 2019 to 2021 looks crazy and totally unsustainable.

[@anid101]

Fantastic opening to the keynote

[@shashanksingh1102]

35:30 LMAOOO! Chamath talking about impressionable people, spurious data when it comes to companies going public is rich given his SPAC history. Our bestie is a billionaire due to his SPACs which made him rich and everyone else who believed him poor.

[@jeoboden]

He is a billionaire for a decade before that

[@shashanksingh1102]

@@jeoboden Factually incorrect, he first appeared on the Billionaires List in 2021 and the only appearance there. Not denying that he was uber wealthy before that too but was catapulted into Tres Commas after SPACs - all the more reason for him to have not gotten involved in borderline unethical practices. I like him and the besties though and the podcast is awesome!

[@jeoboden]

@@shashanksingh1102 if social capital had any aum, the carry on those returns would have made him a billionaire

[@bullymaguire2335]

Bro Laffont is literally me as a Fan.

[@LRRYFSHRMN]

Omg it doesn’t stop!

[@nanobots3336]

Chamath: ¨So I looked at the mirror and said, hey you handsome, you are the most courageous handsome devil, you SPAC king¨

[@Ch3ckman]

Great info

[@BurningQuestionLLC]

Incredible discussion

[@jc78607]

34:00 mark, guy just explained why people will begin to hate podcasts

[@jc78607]

If all the same interest groups take over the space, and they already are, people will hate it

[@dapeoplespeep]

IMO, this is actually the top 4 show of the summit this year. Thomas Laffont is a legend - at par with Chamath and Sachs

[@dapeoplespeep]

Elon, John & Jeff, Peter, Thomas and Megan of course

[@DHTex11]

Eye opening discussion, lets me know how little I know.

[@Nishesh26]

Can you add the wine list in the description. I may not be able to afford it, but one can dream 😅

[@alexcipriani6003]

I don’t see any problem with stoping these fake finance games. You’ll simply have to keep creating a great product and take market share from competition instead of building for M&A. Those times when you fake grow just because there’s more 0% $ on the next round are gone. Time to build profitable businesses.

[@Nixdb]

​@@pin65371 because not everyone is as privileged as you to have a long investment horizon. Not everyone has enough capital outside their buisness to be able to do the things they want with their family, etc. Also, not everyone feels that they have the skills and ability to grow their company to the next level by themselves. Company founders should not be slaves forced to work until the FTC deigns it fit.

[@abhishekkejariwal]

@@pin65371 This question could be completely novice, but why aren't startups able to IPO earlier in journey, like within 10 years of journey? What is the constraint? The faster a startup does an IPO, the faster the VC gets exit, the faster the LP gets money, the more confident the LP gets in investing another stash of his money. I'm a startup founder in India, and quite recently every other company is just thinking to do an IPO in next 3-4 years. Why it isn't the same case in USA?

[@abhishekkejariwal]

This question could be completely novice, but why aren't startups able to IPO earlier in journey, like within 10 years of journey? What is the constraint? The faster a startup does an IPO, the faster the VC gets exit, the faster the LP gets money, the more confident the LP gets in investing another stash of his money. I'm a startup founder in India, and quite recently every other company is just thinking to do an IPO in next 3-4 years. Why it isn't the same case in USA?

[@aayushdesai532]

is chamath the guest speaker?

[@Yaya-pp9lw]

Where is the presentation being posted?

[@doughayden]

Maybe if VCs stopped looking for 1000X opportunities and started to focus on new startups that have more to do with businesses that help and support the struggling middle class, we'd see an explosion of Real Innovation ... not Tech Broz drinking $10k bottles of wine.

[@abhishekkejariwal]

This question could be completely novice, but why aren't startups able to IPO earlier in journey, like within 10 years of journey? What is the constraint? The faster a startup does an IPO, the faster the VC gets exit, the faster the LP gets money, the more confident the LP gets in investing another stash of his money. I'm a startup founder in India, and quite recently every other company is just thinking to do an IPO in next 3-4 years. Why it isn't the same case in USA?

[@atiwary]

Does anyone have access to the presentation ppt or pdf?

[@wanderingnori]

Amazing

[@abhishekkejariwal]

This question could be completely novice, but why aren't startups able to IPO earlier in journey, like within 10 years of journey? What is the constraint? The faster a startup does an IPO, the faster the VC gets exit, the faster the LP gets money, the more confident the LP gets in investing another stash of his money. I'm a startup founder in India, and quite recently every other company is just thinking to do an IPO in next 3-4 years. Why it isn't the same case in USA?

[@alexandere3126]

alla grande!

[@mooktakim]

When did Paul Graham say VCs are the enemies? Lol doesn't the whole YC idea revolve around VCs.

[@meanmachine99999]

Stocks go higher so these companies have more money than ever while Unicorns valuations have taken a hit because of lack of MnA sounds more like a feature than mismanagement

[@sitanshurai892]

Good point. Like you say you’re anti big tech(monopoly) but your policies are hurting the small/mid players(competitive environment) more than monopolistic powers. Sounds like typical bait and switch tactics of powers that be

[@johns.777]

🏆🏆🏆🏆🏆

[@allin]

first!

[@LeeBlaylock]

Is his slide deck going to get posted?

[@stryderperformancecoaching]

JCal, the 't" is silent!

[@nathanjoiner2391]

I wish he had compared commodities, especially gold,to tech and s&p 500.

[@wan2lmao]

Dude is coming out with facts , the party is about to end for a lot of people . After that , the new round of milking the next gen founders begin . The Vc game

[@AdamDeMonaco]

50 mil to 50 bil

[@adamrumball2582]

27:11

[@adamrumball2582]

29:30

[@thenayshaveit]

Thomas says the word "right?" 50 times in this episode. 7 times in his speech of 3,300 words. and 43 times in the 1,700 words he spoke in the interview section. 2.5% of his words in the interview section is him saying "right?".

[@thenayshaveit]

​@@scottywatts-bc5lr Thomas say the expression "kind of" 49 times. 30 times in the speech and 19 times in the interview.

[@Eggs-n-Jakey]

So are you babying these companies and founders? Are you taking away current pains at the cost of future gains?

[@stocktradinglive510]

Spacs allowed vc to exit 2020 2021

[@brunomanco7529]

Why do people/companies invest in real things like real estate and directly buy and own companies, is because u can borrow to do so. If i could get a 30 year mortgage to buy reits, i wouldnt have rental properties. If i could issue bonds to buy sp500 i wouldnt have my own business

[@emerica187]

Nice

[@david_awad]

Does anyone have the slides?

[@arlaban22]

SUPER FIRST !!!

[@Zickafoose2024]

So let me get this straight, these guys are mad because they don't get to return their money at the IPO? That's the scam.

[@leebp9106]

This pod should be called ITS A CABAL OF BULLSHIT

[@chandtailor]

Maybe lay off the drinks till after the interviews

[@MartinKimmel-v4d]

Don Dam

[@ananthv792]

What happened to his accent

[@head4]

11:22 someone💩their pants on a hot mic?

[@AndresNavia]

😂

[@ThePantheonAI]

First

[@leebp9106]

Oh look at us and our expensive wine and marble and our challenges in the magic money markets. Still waiting for the trickle down fellas.