Squawk Pod Reports from Davos: General Atlantic’s Bill Ford 01/19/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 19 January 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with General Atlantic Chairman and CEO Bill Ford. With $72B under management, General Atlantic has deployed $55B into nearly 500 companies, including Uber, Airbnb, Etsy, Mobileye, Chime, and TikTok parent ByteDance. Ford discusses tech opportunities, innovation, and entrepreneurship in China, India, and Southeast Asia, and the tech sector’s rough 2022. In this episode: Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	I think the promise of AI is coming now. I mean I think you're seeing with
0:07.3	chat gPT is just one example but I think it's been one of the most exciting areas
0:11.4	in the next five years.
0:13.0	General Atlantic Chairman and CEO Bill Ford
0:16.6	on set with our team.
0:18.2	I guys have fun.
0:19.5	We're trying.
0:20.5	You're going to stay warm?
0:22.4	They're outside in the alpine cold at the World Economic Forum in Davos, Switzerland.
0:28.0	The Growth Equity Investor who got in on Uber, Airbnb, Etsy, Vox, Bight Dance,
0:34.8	and so many more on Tech's next big thing.
0:39.0	I think we'll start to see some very attractive opportunities
0:41.9	in the next 12 to 24 months as the private market
0:44.8	resets and I think again you've seen a severe revaluation, fast revaluation of the public
0:50.2	tax.
0:51.2	And Ford says not all those opportunities are state-side.
0:55.0	Entrepreneurship is way more distributed than it was 10-20 years ago.
0:58.2	I mean you're seeing entrepreneurs not just in Silicon Valley but all of the United States,
1:02.3	but also all over the world. Some of the most exciting entrepreneurs were in Silicon
1:03.4	the most exciting entrepreneurs were dealing with
1:05.3	they're in Southeast Asia, Latin America, of course China.
1:09.2	And speaking of China, he's bullish and he's also grateful.
	...

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