What are some typical titles and locations for Coatue jobs? It didn't take long for Coatue to set its sights higher., A former investor with knowledge of this era mentioned that Coatue identified a few high-priority companies to target. Phillipe Laffont founded and is the CEO of the firm. Though the private market team didn't gain access to Uber, they won over Logan Green and Lyft with their research., Before meeting management, Coatue's team took trips with Lyft drivers, taking pictures along the way. Surrounded by technical savants at MIT, Philippe began to feel as if he needed to "repurpose" his talents outside the realm of hard math and science. Indeed, DCM's 2014 vintage is one of venture capital's best-performing funds, with a 2021 piece reporting 30x returns., Zhang made his presence felt, brokering investments into Didi, Uxin, ofo, Meituan, and Kuaikan Manhua. Coatue Management is a tech-focused long-short equity hedge fund. Capabilities; Prospecting Create your ideal filter based prospecting list; API Enrich data in any database, system or app; Extension Find prospects on Linkedin & anywhere on the web; Capabilities . The insights gained from the success of our growth business allowed us to build out our presence in private markets in 2018 with a dedicated team focused on early-stage investing. Again, this might sound logical but runs counter to other firms' strategies; I've heard more than one respected VC mention that their biggest mistakes have come from over-indexing on market size., Though Coatue's data abilities may play a more prominent role in winning a deal, it also helps with analysis. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. The dot-com crash saw tech stocks collapse. THE C & C JOINT PRINTING CO. Farallon Capital Management, too, added 2,197,000 shares of Alibaba during the quarter, and the valuation of its holdings stands at over $234 million, according to the filing. Speaking of the firm's stance, they said, "We're going to be disciplined about price. Though the company wasn't actively raising, Coatue pre-empted fundraising discussions arriving with thorough research and data, used in a "very, very impressive way." Perhaps only a handful of firms have institutionalized their experience quite so effectively., What does all of this amount to? "When I was sixteen, I either did not have the confidence or my parents did not let me go out enough," he noted.. 9 WEST 57TH STREET, NEW YORK, New York, 10019, (212) 715-5100. That can make an extremely favorable impression on entrepreneurs. Senft primarily focuses on consumer internet businesses and has scored some major wins in that category, with the fund's backing of Bytedance, Tencent, and Facebook apparently down to him. The estimated total pay for a Analyst at Coatue Management is $97,033 per year. He can analyze and recall large data sets with eerie skill. It wasn't easy. Coatue Management invests in public and private equity markets focusing on the technology, media and telecommunications industries. A source close to the firm pointed out the existence of four additional Special Purpose Vehicles (SPVs). Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who has summered on Nantucket for 30 years. Monday - Friday . Abacus.AI is the world's first cloud AI platform that handles all aspects of machine and deep learning at enterprise scale. "They found a cohort of people and paid them a shitton of money," they explained. While DST would go on to snag a sweetheart deal on the messaging service, investing even after Facebook had agreed on an acquisition, Coatue got its chance with Snap., Per the former employee, getting into the deal was a five-month endeavor. Work. I was fortunate to get a relatively clear picture of the firm's internal hierarchy through my discussions. Finance & Accounting Based on 18 salaries Investment Analyst 8 salaries Junior Investment Analyst 3 salaries View More Engineering Based on 8 salaries Software Engineer The person that remembered Thomas Laffont's Zoom calls with a shiver ended our conversation by saying, "I still come out net positiveI would still tell founders to take money from them. Though he was ready to return to the US, Ana wanted to remain close to home. After a year in the basement, Philippe and Ana moved to America. "He's a very good poker player in the market," the individual noted., These gifts come with a particular fervor. "No one's begrudging ten or fifteen million checks," an investor stated, suggesting that larger tickets likely needed Philippe Laffont's approval. Of the group mentioned above, three are now publicly tradedofo and Kuaikan are yet to reach that stage., Coatue formalized its transnational approach with the introduction of the "East Meets West" conference. It is now time to examine the firm's current playbook. ", Coatue's involvement doesn't end once an investment has been made. Though Coatue doesn't bear their name, Philippe and Thomas Laffont represent a continuation of that tradition., Born in Belgium, the Frres Laffont spent much of their early years in France. Coatue is an unusual colossus. Coatues performance has been built around strong in-house research, astute data analysis, and a stellar network. Mere existence at that altitude tends to come with influence and sway. One firm rumor is that Philippe threw a stapler at a subordinate in a pique of rage. Company profile. Though GPs and other investors can undoubtedly become very wealthy by working at Coatue, becoming outlandishly rich typically requires ownership of a high-performing asset. "I immediately loved them," the founder noted., When Coatue was informed during a second call that the founder expected a term sheet from another firm that day, the partnership and back-office team sprang into action, sending an offer of their own by the end of the one-hour meeting. Though he continued to attain a Master's in Computer Science from the institution, he took a job at McKinsey's Madrid office upon graduation. As demonstrated by the Snap deal, early-stage companies valued deep research and proprietary insights. "They fly at the exact perfect level," one reported.. Pitchbook data suggests Coatue's first private market fund totaled $185 million, though the employee I spoke with remembered it as $350 million. COATUE MANAGEMENT LLC. Tears might not be spilled over such things, but there are only so many times you are willing to endure investing in the next Notion, OpenSea, Lyft, or Meituan without securing the bag. In tandem with this data drive, Coatue widened its aperture, pursuing deals in sectors it had previously eschewed. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Not all of its experiments have succeededa high-profile internal investment in a new quant strategy flamed out spectacularly. Consistent with our public strategy, our aim is to identify generational, technology-focused leaders that are building world-shaping companies. Named after Philippe Laffont's favorite Nantucket beach, Coatue was inspired by Robertson. We'll specifically focus on Coatue's private market work, walking through how the firm sources, evaluates, wins, and supports deals. 39 (as of 11 May 21) Employees. good comp, nice offices, interesting scale, smart colleagues, cutting-edge investing. As one former Coatue investor active during this era noted, "The narrative at the time was that [Tiger and DST] were stupid. . This structure might partially explain some of Coatue's losses over the years:. That is a positive trait when applied to the markets but seems unproductive on the home front. Though Thomas may have a higher EQ than Philippe, he seems to share his brother's intensity and temper. Over 12,000 customers cut their expenses by 3.5% per year and close their books 8x faster by switching to the Ramp platform. First, Coatue tried to win Snap's Series B but was beaten out by Insight Venture Partners. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. By purchasing alternative data sets, including expense account data, Coatue could piece together customer lists, a feature that was particularly useful for enterprise businesses., For example, Mosaic might parse expense data from a company like Salesforce. In December of 1999, when the fund opened its doors, the Nasdaq Compositean index of the exchange's stocksstood at 4,000. After leading the Series A, Philippe Laffont reportedly sent a WhatsApp message to a group chat featuring dozens of billionaire investors, introducing them to the service. Learn about career opportunities at our portfolio companies. Join 62,000 others today. Every Sunday, we unpack the trends, businesses, and leaders shaping the future. ", Phillippe has the gift of translating that granularity into big bets. Coatue Management, LLC a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022 9,601 Followers See the Top Performing Hedge-Funds > Philippe Laffont Coatue Management, LLC Hedge Fund Manager Ranked #128 out of 483 Hedge Fund Managers Portfolio Gain +159.19% Since Jun 2013 Sharpe Ratio 1.93 "It was a little embarrassing," the watcher noted., The fact that Coatue could even preside over such a moment was a testament in and of itself. Coatue Management, L.L.C. Understanding Coatue sometimes feels like an attempt to differentiate between those two words. It is based on Coatue's regulatory 13F. 70 2016 Capital: $9.7 billion 2015 Hedge Fund 100 Rank: No. Philippe relayed that one of his primary motivations for getting into venture capital was to secure personal tax advantages. The four most important are as follows:, Its most differentiated advantage is Mosaic. The impact to a portfolio due to this purchase was 1.32%. Login Coatue is a global investment firm with offices in New York, Menlo Park, San Francisco and Hong Kong. Nevertheless, it gives a sense of how Coatue functions and governs.. , In researching Coatue, one issue appeared too many times to ignore: its aggressive internal culture. One source said, "He remembers every number that you give him, even if you gave it to him five years ago. Value. We seek to create value for investors in all market conditions. For example, Coatue could show Lyft CEO Logan Green how his company stacked up against Uber on a zip code by zip code basis.. Indeed, he may be Coatue's best stock picker. [12], Some of Coatue's notable investments include the following:[14], Last edited on 18 November 2022, at 20:07, "The Hedge Fund Manager Who Became A Billionaire From Tech", "Hedge fund Coatue raises more than $500 mln for second PE fund", "Scoop: Coatue raising $500 million for early-stage fund", "Coatue Raises $1.3 Billion for New Private Equity Fund", "Laffont's Coatue Invest Launches Long-Only Fund", "In Ambitious Gamble, Hedge Fund Coatue Launches $700 Million Early-Stage Venture Fund", "Cobalt Robotics raises $35 million for security robots that patrol offices, warehouses, and parking lots", https://en.wikipedia.org/w/index.php?title=Coatue_Management&oldid=1122652489, This page was last edited on 18 November 2022, at 20:07. The firm invests in the public equity markets globally focusing on investments in technology, media, and telecommunications in addition to other sectors. The elephant can't match the mouse's darting run; an eighteen-wheeler does not corner like a golf buggy no tugboat turns on a dime. Your submission has been received! Coatue has offices in New York City, Menlo Park, California, London, Shanghai and Hong Kong.[4]. Equally, Philippe knows when to pull back, running a more cautious strategy during some of 2021's most volatile months. One former investor compared Coatue's preference for atomizing its vehicles with Tiger's more unified strategy, remarking, "Tiger's approach is smarter.". The same is true of junior investors, with most receiving low six-figure base salaries. Coatue Management is a global investment manager focused on public and private companies in the technology, media and telecommunications industries. Philippe's early picks included Microsoft, Intel, and Dell. Talking about Cameron Friscia's relationship status, he is a married man. ", While Coatue didn't have name recognition in tech circles, it had other weapons: the firepower of a hedge fund. Type Investor Status Active Founded 1999 HQ New York, NY, US | view all locations Website https://www.coatue.com/ Cybersecurity rating Homepage Kicking off in 2015, "East Meets West" was initially held at the Four Seasons on Hawaii's big island before moving to California's Pebble Beach in later years. As discussed, Coatue already struggles with retention; spreading the wealth might help., Though there are elements of Coatue's culture in need of improvement, one aspect is almost entirely admirable: the firm's willingness to experiment. It employs long/short strategy to make its investments.Coatue Management was founded in 1999 and is based in New York City. The fact that the firm felt confident in doing so showed it had begun to hit its stride. Mazzeo had famously worked at Lowercase Capital, a firm with legendary returns. The following year, in 2003, Thomas would join his brother at Coatue. The startup offered similar credit card data at a price point many businesses could afford. The purchase prices were between $125.2 and $162.72, with an estimated average price of $145.33. An exceptional hedge fund has sprouted a growth investing practice, which in turn, has hatched an early-stage group. . A co-investor with the firm separately noted this, explaining that while a traditional VC might look at the high-level figure for a specific industry, Coatue digs into the details. Of course, no individual is solely responsible for a single investment. Those have contributed to the growth team's purportedly strong performance, with a 2021 report suggesting that Coatue's 2017 vintage boasted an internal rate of return (IRR) of 47%., According to one source, Coatue's early-stage group has yet to find equivalent success. He worked as an analyst for McKinsey & Company from 1992 to 1994 in Madrid, Spain. While one founder I spoke with mentioned the firm's use of outside consultancies, these seem to be used more in a supporting role. The average salary of Coatue jobs will vary according to location, department, and job description. View Rebecca Basloe's business profile as Research Coordinator at Coatue. By late 2002, the Nasdaq Composite lingered a touch above 1,200. He had taken a very different path since graduating from the Lyce, attending Yale before heading to California. While its asset management peers tend toward the fusty and uninspired, Coatue has innovated. Erlich brought high-level operating experience to the table alongside an investing track record, having founded connected worker platform Parsable, incubator MuckerLab, and firm Outlier Ventures. Coatue Management is a technology-focused investment management firm. View job listing details and apply now. [6] Coatue manages this fund in addition to others. Philippe Laffontsert en tant que CEO / President de Coatue Management . At a conference, he met someone with inroads at Tiger Management, the famed hedge fund of Julian Robertson., As with Apple, Philippe was rejected at first. The hedge fund manages $8.5 billion in assets. Others described it as "cutthroat," and a "burn and churn" atmosphere. In 1999, Laffont founded Coatue making him a member of the Tiger Cubs employees who founded their own hedge funds. performs its advisory services is located at 9 West 57 Th Street, New York, NY 10019, which is also the mailing address of the firm. Few would bet against them doing so again. "That's our edge," he said in a rare interview, "Patience and longer-term thinking." ), LTD. FT - Family Law Paralegal Marietta (2219), FT Administrative Assistant/Research Assistant - Perimeter Area (2202). The engineering department also pays well, with an average salary of $135,942 per year. Ramp is building the next generation of finance toolsfrom corporate cards and expense management, to bill payments and accounting integrationsdesigned to save businesses time and money with every click. Perhaps because of that, he's succeeded in building an impressive network that's come in handy when wooing companies like Snap and Spotify. Show all 192 coworkers of Shirley Law Shirley Law's Employment details. . The Generalists work is provided for informational purposes only and should not be construed as legal, business, investment, or tax advice. ", Thankfully, another door opened. The holding were 1,889,195 shares as of 2021-12-31. ", The same tension exists when it comes to connections. Investors further down the pecking order may have to adhere to a similar process. Capabilities . Since he had attended MIT, his CV was automatically routed to Tiger's IT department, who promptly responded that they had "no space" but that Laffont had a "wonderful resume. Toronto . A co-investor recalled how surprised they were to learn that Thomas Laffont had hopped onto a call with a seed-stage CEO in the midst of a heated fundraise. SPVs have sprung up to meet fresher needs, fortifying and adding to the structure. Coatue Management has 157 employees, of which 10 are in a leadership position. One of the sharpest moves Chase Coleman has made is sharing the upside with the broader partnership. Coatue returned the fund's capital by the middle of that year and slashed the team. A source said that Senft masters this compression, efficiently articulating nuanced topics., Outside this trio, Coatue has several other key figures. The average salary of Coatue is $185,991 in the United States. New York, New York, United States . As the source mentioned, it demonstrated to startup founders that Coatue was intelligent, thoughtful, and willing to do the work. It could do the same thing for DoorDash's Tony Xu, outlining where the food delivery business was gaining and losing share, which restaurants were driving most online sales, and which competitor he might be interested in acquiring. Luca . Solutions Sales Marketing. Our work thus far has given a sense of how Coatue developed. In terms of decision-making, sources indicated that Thomas Laffont and Daniel Senft could make investment decisions within reason. For many, the opportunity to invest in exceptional businesses is worth the pain. While that might provide more granular information, it also opens the firm up for criticism. "There's no, like, mentorship programs at Coatue," a source said. It is now time to study the firm's different pieces, examining how they fit together. The latest equity financing round follows the $125 million raised by Rebel Foods in August last year, which was also led by technology-focused Coatue Management 10 Apr, 2020, 08.04 AM IST BharatPe gets $75 million from Coatue, Ribbit Fund Profile Filing Period: Top 13F Holdings Download. But it wasn't time to sit still., Coatue's grip on growth investments grew firmer, so it started to look upstream. In 1999, Coatue opened with just $15 million in assets under management (AUM). "It's great for all the portfolio companies," one source said, highlighting it as a core point of differentiation. Coordinator - Growth + Early Stage @ Coatue Management Marketing Intern and Accounting Intern @ Hathaway Dinwiddie Usc Water Polo Team Manager @ University of Southern California see more Student Athlete @ University of Southern California Assistant to the Production Manager @ Red Hour Films Research Coordinator @ University of Southern California In speaking of the firm's platform expansion here, a source compared it to Amazon's knack for transforming cost centers into revenue generators. The table shows below the name of the job title below you may be interested in including salary range and total compensation. [3], Coatue's annual "East Meets West" conference features tech entrepreneurs from the U.S. and China. Website: www.coatue.com Since Philippe Laffont founded the firm in 1999 with just $15 million, the crossover fund has expanded to a size that puts it among the giants of the financial world. New York, New York, United States. As his educational background suggests, Philippe has a natural gift for numbers. Jessica Atneyel's email address: xxxx@xxx.com | Find Jessica's Email, Social Profiles, and Mutual Contacts both you and Jessica know Fish and Wildlife Service. Since 2013, the venture team has moved beyond consumer internet and into fintech, enterprise software, healthcare, and crypto. Develop advanced features for automatic generation of realistic 3D characters, scenes and animations. Try for free at rocketreach.co . Dirigeants cls. They knew they had "no chance" of getting Thomas to agree to a deal., Though he may cast a smaller shadow, Daniel Senft is a vital player at the firm. While Shleifer snagged several of China's "Yahoos," Coatue made the bigger splash. (Coatue) maintains a single website, www.coatue.com, and Coatue does not solicit, offer, or sell securities via the Internet. This insight is extremely relevant for competitive startups like InVision or Figma. The shared history and demonstrated trust fostered a tighter connection that could prove vital in securing much larger allocations down the line. Rather, it allows Philippe to assess the fundamentals of a business quickly. Coatue's chain of command is both simple and convoluted. Whereas Coleman's firm relies on Bain and other consultancies to get up to speed on a business, Coatue established this practice themselves.. One source described it as "a pretty brilliant move," with Coatue getting credit for bringing notables like Mary Meeker, Yuri Milner, and Pony Ma into conversation., Of course, there have been awkward moments. Check your email for confirmation. Though commentary on this group was much more limited, the firm's private market team seems to be primarily well-received, especially by external parties., One portfolio founder singled out Matt Mazzeo for particular praise, noting his positive contributions to the business. While Coatue's services might not bring in revenue directly, they can help portfolio businesses operate more smoothly and perhaps win deals on the margin., For these reasons, a co-investor summed up Coatue as "a better offering than Tiger, in my mindyou get more out of it." Coatue is largebut is it great?, In almost all respects, the answer is yes. Founded in 1999, Coatue Management is a private equity firm based in New York, New York. Though initially impressive, Coatue's advantage was eroded by the launch and expansion of Second Measure. In 2013, the firm made its move, opening up an office on Sand Hill Road in the same building as Andreessen Horowitz and beginning to scout for private market deals. Perhaps the best way to understand Coatue's hierarchy, then, is through a matrixed approach. It works cleanly and suggests electrifying power. [3][5] Coatue launched its first hedge fund in 1999 with $45 million in capital. We store no personal details, and you can always learn more by checking out our Privacy Policy. Products Web Platform Chrome Plugin API. Click the company name to explore its salary ranges and a comparison with pay at Coatue. The firm could accumulate stakes in a business that might not IPO for years by moving earlier. Observed as a whole, it is a lovely piece of financial architecture, displaying the intention of a master craftsman and instinct of an artist. With the fund manager's time limited, most pitches need to be given in a minute or so. A venture capitalist from a different firm echoed that statement, saying, "On the early side, it's not there. The emergence of new business models through web3., The introduction of historically offline businesses to online tooling.. Signatory General Meeting (SGM) Signatory rights. While Coatue has, of course, changed its position sizing, it nevertheless represented a massive win., Another critical bet was Apple. Founder Philippe Laffont sits at the top and is the firm's ultimate decision-maker and portfolio manager. Create job alert. You should always do your own research and consult advisors on these subjects. Description. While that might have been true, it suggests a narrowly pragmatic worldview., While he may lack some of his brother's public market acuity, Thomas Laffont is reportedly the more affable of the duo, described by one person as "very charismatic." My source noted that Philippe Laffont realized the breakout potential of businesses like Zoom and Wayfair, raising $1 billion to snag them at depressed valuations. The firm has too many employees to represent here. Some leaders manage sectoral areas while others govern a particular asset class practice., For example, Michael Gilroy and Rahul Kishore were identified as key leaders of the firm's fintech practicea sectoral focuswhile Dan Rose was pointed out as the manager of the venture asset class. What is the average salary of Coatue Management? Coatue is part of a larger wildlife refuge system that includes 104 acres at The Haulover, which is also owned by the Foundation, 916 acres of the Coskata-Coatue Wildlife Refuge, owned by the Trustees of Reservations, and the 42 acre Nantucket National Wildlife Refuge at Great Point, owned by the U.S. This is a firm that moves quickly and jumps on opportunities. Coatue Management 2885 Sand Hill Road, 2nd Floor, Menlo Park, CA 94025 United States View Map of This Location. Quarter four of last year was the firm's busiest ever, with 55 deals announced during that period alone. The premise behind this model is that it aligns incentives, meaning that investors are handsomely rewarded when their bets pay off., Coatue adheres to much more of a hedge fund model, even with its private market arm. Thomas worked his way up from the mailroom in CAA's Beverly Hills office. We established our public equity strategy with the firm's launch in 1999. For repeatable use-cases such as churn prediction, time-series forecasting and deep-learning based personalization, we offer an extremely customizable end to . Though excited by the creator economy and interested in the business, Coatue apparently couldn't find a viable way to make the numbers "stack up." Coatue Company Overview WebSite: coatue.com Headquarters: NEW YORK, NY Size: 100 - 200 Founded: 1999 Type: Investment Company Revenue: $10M - $50M Industry: Business Services Related Companies: Coatue provides investment management services for technology, media and telecommunication services. The firm prefers to invest through means of buyouts and growth capital in the technology, media, and telecommunications sectors. For an organization of Coatue's size, such dexterity is both unusual and worthy of recognition.. "Philippe is very intense," one person said. He named the fund for the vacation spot; Coatue is a long barrier. Sign Up. At the time, the markets valued WeChat's owner at less than $1 billion; today, it sits around $590 billion. Enjoy a 7-Day Free Trial Thru Feb 17, 2023! Not only has Coatue established itself in the ecosystem thanks to a string of successful bets, but it should be able to leverage Mosaic to great effect. Limited partners (LPs) can see which strategies are paying off and make decisions accordingly. Get 5 free searches. In 1999, Philippe started Coatue Management.. By March of 2000, it had crested 5,000. To this founder, Schneider exemplified the ethos of the firm:, Caryn Marooney was also name-checked, with a source noting how valuable she had proven to be for portfolio company Notion. Over his six years at the agency, he worked for Bryan Lourd, an industry heavy-hitter who counts George Clooney, Ryan Gosling, Scarlett Johansson, Paul Thomas Anderson, and Lady Gaga among his clients. The Generalist uses cookies to make this website the best place possible. Thomas Laffont is likely able to manifest a similar network, gilded with celebrity connections., Of course, "East Meets West" is the clearest instantiation of Coatue's clout. Reveal contacts of top Coatue Management managers and employees. Afterward, senior management texted directly to express their excitement and get the deal across the line., Another portfolio founder shared a similar experience.