Coatue’s Philippe Laffont: The Year of the Privates 6/25/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 25 June 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

An early backer of Facebook and Netflix, Philippe Laffont is known as the founder of famed hedge fund Coatue. In an exclusive and rare interview, Laffont explains his investment strategy through the entire life cycle of companies. He shares his optimism for technological innovation and his belief that AI-prompted changes in business will eventually yield a new era of entrepreneurship and profits. Plus, President Trump is at the NATO summit, CNBC contributor and former Democrat politician Michelle Caruso-Cabrera discusses Zohran Mamdani’s victory in the NYC mayoral primary, and Alex Rodriguez is now part owner of the Minnesota Timberwolves in a deal long in the making. Michelle Caruso-Cabrera – 6:24 Philippe Laffont - 20:04 In this episode: Michelle Caruso-Cabrera, @MCaruso_Cabrera Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Prolific technology investor Philippe LaFont, an early backer of Facebook and Netflix, is our special guest.
0:15.0	In general, now you have to be a lifecycle investor.
0:19.0	More shots on goal at the end is what you hope for.
0:23.0	He says 2025 is the year of the privates,
0:26.4	inside the promise he sees in private companies
0:29.0	building artificial intelligence.
0:31.4	When the market goes up, then I'm definitely a public investor,
0:35.0	but then when the market doesn't do well,
0:36.8	I switch to, you know,
0:38.0	venture and growth. And the electoral earthquake in America's largest city, digging into the results
0:44.8	of the Democratic mayoral primary with CNBC contributor Michelle Caruso Cabrera.
0:49.7	Basically, last night, a socialist won the Democratic primary in New York City.
0:56.0	Mangani! Mangadi!
0:58.0	What the stunning results mean for a new era of politics.
1:03.0	Did you ever run for student council or anything?
1:06.0	Did you...
1:07.0	Part of my campaign was giving out free things.
1:14.0	Plus all the rest of today's news that got us squawking.
1:18.3	It's Wednesday, June 25th, Squawk Pod begins right now.
	...

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