Philippe Laffont opens by warning that a failed bet on the wrong company can wrongly convince investors the whole trend (like crypto) was a mistake. ✦ AI generated
Philippe Laffont · BG2 Pod · 2025-06-20 · original ↗
starts at this moment · 0:00
Sometimes you make some venture bets and they don't work 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.
verbatim transcript · starts at 0:00
0:00Sometimes you make some venture bets and they don't work 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. [Music] [Applause] [Music] Bill, we're back. I think it's the 10th anniversary. Congratulations, Philipe and Thomas. Of course, we're at Kotus East meets West down here in Los
0:36Angeles. 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 publish today online that everybody should go out and download and take a look at. And so, you know, we've
1:01been 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 10th 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 uh some of these slides. We wanted to share it with
1:21everybody else. So, we're also excited to make our our debut as a podcast duo. The the world premiere. Uh we've we've done them individually but not as Oh, are we announcing we're announcing our new pod? Yeah, exactly. We got BG2 and now we got it LB2. Lefan Brothers 2. Let's 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
1:45the conference is is kind of a a really amazing gift to the industry and for the founders that get to come like 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