"Data showed us that if you're a unicorn ($1B), the odds of you one day becoming a decacorn ($10B) are about 8%.
If you're a decacorn, the odds of you becoming a $100B company is around 8% to 13%.
But if you're a centacorn ($100B), the odds change significantly - you now have a 31% chance of having had a 10x i.e. to $1 Tn valuation."
Thomas Laffont is explaining the massive AI-driven IPO wave coming in this year. OpenAI, Anthropic, and SpaceX each potentially crossing trillion dollar valuation.
Thomas Laffont is the co-founder of Coatue Management, a major technology-focused investment firm (hedge fund + venture/private equity) with roughly $70 billion in assets under management.
"And if we look at how quickly these companies are creating value, this is a chart that I added at the last minute because the data is so fresh. But you can see that it typically takes multiple years to go from $500 billion to $1 trillion in market cap.
Well, something happened very recently in the public market, which is that not only did we have three companies do it in the same year, but we had two companies do it in a matter of weeks."
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From "All-In Podcast and Coatue Management" YouTube channel, (link in comment)
