Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. www.coatue.com . [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. But do founders really use it?, "Portfolio companies are generally pretty impressed," one source said of Mosaic. (H.K. It was the kind of job useful in hindsight but frustrating in the moment. In 1999, Laffont founded Coatue making him a member of the Tiger Cubs employees who founded their own hedge funds. As a source said, "it was a marketing deck. Get 5 free searches. One person I spoke with pointed to Patreon as an example. Recent iterations have centered on bringing leading executives together from around the world., How valuable is the event? 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. the consumer and healthcare sectors. While Coatue has charmed entrepreneurs with its fast decision-making, friendly terms, and impressive data science capabilities, it may have done so while neglecting its internal culture. The hedge fund manages $8.5 billion in assets. Others described it as "cutthroat," and a "burn and churn" atmosphere. $48.61B (as of 11 May 21) Accounts. "Uber was our white whale," they noted, lamenting that "Travis wouldn't give us the time of day. The shared history and demonstrated trust fostered a tighter connection that could prove vital in securing much larger allocations down the line. Type Investor Status Active Founded 1999 HQ New York, NY, US | view all locations Website https://www.coatue.com/ Cybersecurity rating Homepage Employees at Coatue Management earn an average of $185k, mostly ranging from $185k per year to $185k per year based on 6 profiles. That is a positive trait when applied to the markets but seems unproductive on the home front. "Philippe is very intense," one person said. Solutions Sales Marketing. Coatue has also experimented beyond these primary categories. Coatue soon brought a heavy-hitter aboard to manage this team: Dan Rose. ", Coatue's hustle doesn't seem to be up for debate. Whereas many peer firms were focused on short-term movements, Philippe wanted to look toward the horizon, searching for businesses that could compound for three years or more. It seemed to give the firm the firepower to keep expanding its efforts.. Our work thus far has given a sense of Coatue's development and internal structure. Climate tech seems to be a particular focus, with a new $2 billion SPV recently added. Investors further down the pecking order may have to adhere to a similar process. Cons. ", While Coatue didn't have name recognition in tech circles, it had other weapons: the firepower of a hedge fund. This could be extremely useful. 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. It is based on Coatue's regulatory 13F. While that might provide more granular information, it also opens the firm up for criticism. He soon brought along a former colleague, Caryn Marooney, who had served as Facebook's VP of Communications. 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. Coatue Management is a global investment manager focused on public and private companies in the technology, media and telecommunications industries. Research Coordinator @ Coatue Management; Event Coordinator @ Bank of America Merrill Lynch; Seventeen months later, the SEC and DOJ charged the company's co-founder with fraud, alleging he had misled investors. The Laffonts' connections can also prove consequential at this stage. Suddenly, greatness is lost, though largeness remains., Coatue is not too big to change, though. Coatue is a global investment firm with offices in New York, Menlo Park, San Francisco and Hong Kong. Every Sunday, we unpack the trends, businesses, and leaders shaping the future. It works cleanly and suggests electrifying power. We expanded our reach to Silicon Valley in 2013 in order to launch our growth investing business. ", The same tension exists when it comes to connections. . Again, there seems to be a blurred line between a tangible return and alluring triviality. The crypto space has vast publicly available data but few products surfacing valuable insights. 9 WEST 57TH STREET, NEW YORK, New York, 10019, (212) 715-5100. Phillipe Laffont founded and is the CEO of the firm. 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. One source said, "He remembers every number that you give him, even if you gave it to him five years ago. While one founder I spoke with mentioned the firm's use of outside consultancies, these seem to be used more in a supporting role. It is now time to study the firm's different pieces, examining how they fit together. The former VP of Partnerships at Facebook, Rose was a long-time golf buddy of Thomas's and had stayed close to the team for years. On the contrary, increased size appears to have bred greater agility, not less. In the process, we'll explore:, Finance has a rich fraternal history. While Shleifer snagged several of China's "Yahoos," Coatue made the bigger splash. Fund Profile Filing Period: Top 13F Holdings Download. Coatue Management invests in public and private equity markets focusing on the technology, media and telecommunications industries. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 143 (61 investment advisory or research) Address. Coatue's manager may consider a high-octane environment essential to achieving high performance. Sebastian Duesterhoeft and Lucas Swisher arrived from Silver Lake and Kleiner Perkins, respectively. Coatue Management, L.L.C. The firm's research process identifies investments through its own fundamental financial analysis process that includes interviews, information . San Francisco-based Step, which recently launched a debit card and. With almost no effort required on the founder's part, a round was concluded in a couple of days with less than two hours of calls. 70 2016 Capital: $9.7 billion 2015 Hedge Fund 100 Rank: No. Quarter four of last year was the firm's busiest ever, with 55 deals announced during that period alone. You can reach the main office by calling the . "What he does really well is super size the best ideas throughout his career," an investor close to the firm said, citing Coatue's track record of doubling down on breakout hits like Apple, Tencent, and Bytedance. The firm manages ~$16 billion in assets on behalf of individuals, nonprofit organizations, and institutional investors by focusing on high growth investments in the technology, media, and telecommunications space in both the public and private markets. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. Coatue has already taken significant positions in Tesla and Rivian., The fourth vehicle, named the "Opportunity Fund" is exclusively geared to the public markets and was raised during the brief stock market collapse in March of 2020. , In researching Coatue, one issue appeared too many times to ignore: its aggressive internal culture. An additional office of the firm is in Menlo Park, CA. It doesn't run an office outside of the United States. According to one source, even GPs don't receive carry on the investments they make, getting compensated in cash and bonuses instead. These are uploaded to Mosaic, enabling the company to compare new investments to historical data. It's interesting to compare this integrated approach with Tiger's outsourced model. THE C & C JOINT PRINTING CO. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who has summered on Nantucket for 30 years. Coatue Management is a fund manager in New York with $48.61B assets under management. Marooney's experience as VP of Communications at Facebook has been vital in helping the company stand out in the crowded category of note-taking and information management., As demonstrated above, there are leaders at Coatue that have earned favorable reputations. Anecdotally, this is below the hurdle traditional growth firms set, but maybe more in line with other crossover funds. That's still a way short of Tiger's 362 for the year but is an undoubtedly rapid pace., It seems to have worked, for the most part. [3] Coatue invests in public and private markets with a focus on technology, media, telecommunications. 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. Here are further demographic highlights of the leadership team: The Coatue Management executive team is 0% female and 100% male. "It's great for all the portfolio companies," one source said, highlighting it as a core point of differentiation. The following year, Lending Club would IPO, marking Coatue's first venture liquidity event. That's not to say that Coatue is valuation insensitive. A lawyer by training, Ana came from an influential family in the country. The Box deal was followed up with direct investments into Hotel Tonight, Evernote, and Lending Club. Rocketreach finds email, phone & social media for 450M+ professionals. ", To bolster its capabilities, the Laffont's staffed an in-house research team, managed by a former BCG consultant. "Largeness" and "greatness" sound like synonyms, but each captures some meaning the other misses. The Generalists work is provided for informational purposes only and should not be construed as legal, business, investment, or tax advice. Instead, we might see it create something equivalent to a suite of thematic-ETFs, spanning private and public markets. We store no personal details, and you can always learn more by checking out our Privacy Policy. Formal consultations. With the fund manager's time limited, most pitches need to be given in a minute or so. Coatue Management Contact Info Address. ", Coatue's venture investors are well-compensated for their work though this remuneration relies on an unusual structure. The firm invests in the public equity markets globally focusing on investments in technology, media, and telecommunications in addition to other sectors. If you only have a couple of minutes to spare, here's what investors, operators, and founders should know about Coatue. The principal office where Coatue Management, L.L.C. Speaking of the firm's stance, they said, "We're going to be disciplined about price. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Coatue. "Coatue can have some vengeance," a former employee said., Such issues may not matter, at least when it comes to returns. For many, the opportunity to invest in exceptional businesses is worth the pain. Pay ranges for the same job title may differ based on the location and the responsibilities, skills, experience, and other requirements for a specific job. If he'd had his way, Philippe would have headed West rather than East. 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. Last spring, Coatue Management, a $25 billion hedge-fund giant, did something unusual: It made an appearance. That was compelling to Spiegel, who made frequent trips to China to understand the local dynamics better., It paid off. He named the fund for the vacation spot; Coatue is a long barrier. To the firm's credit, it kept investing in the project, plowing more than $30 million a year into data science initiatives. The salary paid can be different for the same position in Coatue based on experience, skills, and education. 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. Referring to a $500 million vehicle, the former investor said, "As far as I know, the returns on that fund have been pretty bad." Thomas Laffont's brainchild brought together luminaries from Asian and Western tech ecosystems alongside a liberal sprinkle of celebrities. Coatue invests in public and private markets with a focus on technology, media, telecommunications. Coatue Management Reviews Updated 21 Jul 2022 Find Reviews Clear All English Filter Found 11 of over 11 reviews Sort Popular Popular Highest Rating Lowest Rating Most Recent Oldest first 3.3 37 % Recommend to a Friend 40 % Approve of CEO Philippe Laffont 5 Ratings Your trust is our top concern, so companies can't alter or remove reviews. As a Coatue employee noted in our discussion, "Philippe probably made more money on Apple than anybody." The same is true of junior investors, with most receiving low six-figure base salaries. Though based in California, Thomas got in on the action, too, with the brothers sharing ideas., By Philippe's admission, it was fortuitous timing. Today, this is common practice for later-stage firms, but it was unusual at the time. It yielded promising results, with a former investor remarking that "it worked ninety-plus percent of the time. The following year, in 2003, Thomas would join his brother at Coatue. Our data shows that employees in research & development roles earn the highest wages at Coatue Management, with an average yearly salary of $167,371. 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. While high salaries mean that "no one's crying," this approach does remove the fundamental alignment mentioned earlier. 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. Other investors will have played vital roles in each one of these businesses. The fact that the firm felt confident in doing so showed it had begun to hit its stride. Coatue has offices in New York City, Menlo Park, California, London, Shanghai and Hong Kong. This approach does remove the fundamental alignment mentioned earlier construed as legal, business, investment, or tax.!, Finance has a rich fraternal history York City, Menlo Park San. Card and that could prove vital in securing much larger allocations down the pecking order may have to to. ; social media for 450M+ professionals world., How valuable is the event together from around the world. How... 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