At the 2025 Sohn Hong Kong Conference, Jay Kahn, Managing Partner at Flight Deck Capital, focuses on disruptive technology globally. He used a personal anecdote about experiencing Tesla’s Full Self-Driving (FSD) feature to underscore the transformative potential of autonomous technology in transportation.
Prior to founding Flight Deck, Kahn worked at Light Street Capital, Coatue Management, Elevation Partners, and L.E.K. Consulting.
See our interview with Jay Kahn here.
His primary investment idea centered on Baidu (NASDAQ:BIDU), which he argued was trading at a significantly distressed valuation. Weeks before his presentation, Baidu was priced around $89 per share. Kahn highlighted the substantial cash ($27/share) and consolidated investments ($14/share) on Baidu’s balance sheet. By backing out this cash and investments, he argued...
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