Coatue’s Laffont Brothers. AI, Public & VC Mkts, Macro, US Debt, Crypto, IPO's, & more | BG2

Sometimes you make some venture bets and they don't work. Yeah. And then you're like, I just invested in the wrong trend. And in fact, sometimes you invested in the wrong company, but it is the right trend. And those bad investment cloud your judgment. Bill, we're back. I think it's the tenth anniversary. Congratulations, Felipe and Thomas. Thank you. Of course, we're at Kotuzi. East meets West down here in Los Angeles. I think it's an event that founders, I certainly know you and I look forward to every year. As I said to you both, it's hard to put together something that has this much durability, this much impact. You do this incredible overview on public markets, on venture markets and technology that I think, you know, you published today online that everybody should go out and download and take a look at. And so, you know, we've been at this now for a couple decades. Having built something like this is really cool. So I just wanted to say thank you and congratulations on on on the tenth anniversary. And, you know, Bill and I thought, why don't we just go through? You know, you had this slide today. We got to sit through and listen to you guys commentate about, some of these slides. We wanted to share it with everybody else. So We're also excited to make our our debut as a podcast duo, the the world premiere. We've we've done them individually, but not as Or are we announcing? We're announcing our new pod. We yeah. Exactly. Oh, no. We we got BG two, and now we got What is it? LB two, Lafont Brothers two. You know? Let's and let's go. Let's go. So we're, We're squared squared. But, yeah, we By the way, I would just add, like, I think the conference is is kind of a a really amazing gift to the industry. And for the founders to get to come, like, it it it hearkens back to the, like, when I was really young in this industry, the agenda conference, everyone would stay for the whole thing, and so your opportunity to network is so much higher. And a lot of conferences today, people fly in and fly out. But, you know, here, you you've got some amazing people that are around for the entire thing. It's just incredible. Yeah. Yeah. Agreed. Well, I mean Let's dive in. You have a big budget for smoothies. You know, your smoothie budget really keeps people in touch. And by the way, for for people that are listening, this deck, we're gonna reference some of the slides. The code two team put it on their website Yeah. Just a few hours ago. And so if you wanna download it and have that as as we go through this, it might be helpful. Yeah. You should. I mean, Philippe, let's just start off. I mean, you and I, it seems like we spend most …