Uncapped #29 | Thomas Laffont from Coatue
Uncapped #29 | Thomas Laffont from Coatue
Uncapped #29 | Thomas Laffont from Coatue
In this insightful conversation, Thomas Laffont, co-founder of Coatue, shares his perspective on the evolving landscape of technology investing, the shifting foundations of enterprise software, and the intangible qualities that define exceptional founders. From AI's transformative impact to the cultural dynamics of building a global investment firm, the discussion delves into the strategic mindset behind long-term value creation in tech.
Thomas Laffont discusses Coatue’s integrated public-private investment strategy, emphasizing thematic focus on AI’s full stack—from semiconductors to foundational models and enterprise applications. He highlights a major shift: the decline of static 'systems of record' as intelligent, data-rich platforms like Snowflake and Databricks enable real-time knowledge capture across all enterprise interactions. Success in venture, he argues, comes not from rigid early-stage positioning but from dynamic engagement and staying close to founders over time. A 'wide aperture' approach—driven by curiosity and cross-market research—allows for opportunistic scaling. Laffont values 'star quality' in founders, akin to cinematic charisma, where presence and drive outweigh likability. The firm fosters meritocratic decision-making, blending venture agility with public-market rigor. On a personal note, he reflects on the trust of working with family, the lessons of mentorship, and how disciplines like golf cultivate integrity and presence—principles that parallel his philosophy in investing and leadership.
00:25
00:25
Cash-flow negative companies are now leading AI infrastructure investments, unlike in previous cycles.
08:33
08:33
Nuclear is considered a critical technology for AI infrastructure
10:36
10:36
Within three years, every enterprise interaction will be recorded as default.
16:40
16:40
Gong re-accelerates with generative AI, extracting best sales practices and cutting ramp time for reps.
18:46
18:46
We act like a fisherman traveling up and down the river to find the best opportunities.
23:43
23:43
Missing an early round doesn't mean missing the company—it's about long-term alignment with founders.
28:56
28:56
Back founders, not just companies—be their second call.
34:37
34:37
Curiosity is a hallmark of great investors, enabling them to explore diverse ideas and uncover hidden opportunities.
39:45
39:45
Founders need a strong presence and aura, even if polarizing.
40:30
40:30
Great investment decisions can be contentious, but early collaboration builds internal momentum.
53:42
53:42
A good golf teacher is essential for transformation in the game.
54:34
54:34
The biggest positive of working with family is no politics—there's complete trust.
1:00:23
1:00:23
Being the best gift-wrapper at CAA taught me that attention to detail defines excellence
