Rather than focusing exclusively on sharing learnings between Asia and the United States, it is likely to reflect the firm's global focus. Coatue Management L.L.C. A lawyer by training, Ana came from an influential family in the country. In terms of decision-making, sources indicated that Thomas Laffont and Daniel Senft could make investment decisions within reason. Annabelle King Research Coordinator at Coatue Management New York City Metropolitan Area 397 followers 392 connections Join to connect Coatue Management Colgate University This page. The Laffonts' connections can also prove consequential at this stage. We are a founder-led firm dedicated to helping fellow founders build. 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. Research Coordinator. Every Sunday, we unpack the trends, businesses, and leaders shaping the future. No data is available based on your input. As his educational background suggests, Philippe has a natural gift for numbers. To lead those efforts, the fund brought in Tony Zhang from DCM Ventures, a firm with deep connections to China and outstanding performance. These are uploaded to Mosaic, enabling the company to compare new investments to historical data. Christian Rolon: Proprietary Research Associate: Pennsylvania, USA rxx@coatue.com: Eric Kogut: Controller - Family Office: New York, USA . Around this time, Coatue also began heavily investing in a data science practice. Once you move below this level, things quickly get complicated. "Philippe thinks the cream rises to the top," one person told me., Coatue's intensity is understandable from this vantage. Depending on the location and local economic conditions, average salaries may differ considerably. In particular, Laffont focused on "generational consumer technology companies," as one Coatue employee described it. 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. 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. With the fund manager's time limited, most pitches need to be given in a minute or so. Date Closed Lead Office. This article is part of a series that provides an ongoing analysis of the changes made to Coatue Management's 13F stock portfolio on a quarterly basis. 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. Oops! It yielded promising results, with a former investor remarking that "it worked ninety-plus percent of the time. 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 . petty politics, toxic HR, non-investment team truly second class citizens, some admin roles exclusively young white women (25+ people in role) Continue reading. An expos described him as a "screamer," a portrait corroborated in my conversations. "He's a very good poker player in the market," the individual noted., These gifts come with a particular fervor. While high salaries mean that "no one's crying," this approach does remove the fundamental alignment mentioned earlier. . After a strong 2018, Izydorczyk's division made 2% in 2019 and toiled in 2020. Anecdotally, this is below the hurdle traditional growth firms set, but maybe more in line with other crossover funds. Location. 86 2015 Capital: $8 billion Years. In December of 2013, Coatue secured the chance to invest $50 million into Snap at a multibillion-dollar valuation. 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. However, as public market competitor Bill.com grew its value, he reversed his decision, making a significant investment in Melio. Mazzeo had famously worked at Lowercase Capital, a firm with legendary returns. Name Sole Voting Power Shared Voting Power Sole Dispositive . In the process, Coatue doubled the valuation of a competing term sheet the founder considered notable., These are remarkable anecdotes and showcase Coatue's operational firepower as well as the drive of its team. Not long after, he started investing, picking blue-chip technology companies he felt equipped to analyze. Any representations to the contrary and any websites other than www.coatue.com are not endorsed by Coatue. Nom et titre. Fund Profile Filing Period: Top 13F Holdings Download. Robust data science capabilities unite these components, allowing them to work and think together. Monday - Friday . Coatue Management is a global investment manager focused on public and private companies in the technology, media and telecommunications industries. Fish and Wildlife Service. While that might provide more granular information, it also opens the firm up for criticism. www.coatue.com . Multi-million dollar bonuses are discretionary and not explicitly linked to an individual's investment performance. "No one's begrudging ten or fifteen million checks," an investor stated, suggesting that larger tickets likely needed Philippe Laffont's approval. Our focus is on disciplined, long-term investing across the most exciting mega-trends in technology. 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. At every stage, we champion the insights, connections, and experience that create world-shaping companies. He can analyze and recall large data sets with eerie skill. 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." They had seen the power social media and messaging businesses had to translate attention into monetization. Reveal contacts of top Coatue Management managers and employees. , In researching Coatue, one issue appeared too many times to ignore: its aggressive internal culture. Coatue Management 9 WEST 57TH STREET 25TH FLOOR NEW YORK NY 10019 Office hours. Coatue is a lifecycle investment platform focused on turning big ideas into world-shaping technology companies. We aim to identify these trends at a global level and back the biggest beneficiaries as the market develops and matures. For many, the opportunity to invest in exceptional businesses is worth the pain. SPVs have sprung up to meet fresher needs, fortifying and adding to the structure. In 1999, Coatue opened with just $15 million in assets under management (AUM). Thomas worked his way up from the mailroom in CAA's Beverly Hills office. At the time, the markets valued WeChat's owner at less than $1 billion; today, it sits around $590 billion. Financial Controller at Coatue Management. As a Coatue employee noted in our discussion, "Philippe probably made more money on Apple than anybody." The salary paid can be different for the same position in Coatue based on experience, skills, and education. He has tied the knot with his lovely wife, Kat Timpf. While one individual suggested Coatue would become more like Tiger, taking an index-based approach, that seems to run counter to the way the firm likes to work with its businesses. Though based in California, Thomas got in on the action, too, with the brothers sharing ideas., By Philippe's admission, it was fortuitous timing. Website. (H.K. ", Perhaps that's part of the reason that it took Coatue time to catch up. Lessons from the venture practice could be passed to the hedge fund team and visa-versa., In 2009, DST Global entered the fray with Yuri Milner making his famous investment into Facebook. 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." 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. Our focus for ventures is on big ideas and visionary technology founders at the earliest stages of seed and Series A. 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. Talking about Cameron Friscia's relationship status, he is a married man. He was preceded by Matthew Mizbani, also active on the crypto team, who departed to become a Partner at Paradigm.. In speaking of the firm's platform expansion here, a source compared it to Amazon's knack for transforming cost centers into revenue generators. By and large, however, the firm seems to have allowed an aggressive, intensive culture to flourish., Perhaps this is by design. Brothers Lehman, Solomon, Lazard, Harriman, and Brown have all written themselves into Wall Street lore. kf*****@coatue.com +1*****04. Afterward, senior management texted directly to express their excitement and get the deal across the line., Another portfolio founder shared a similar experience. Rose took on the role of Chairman while Marooney joined Mazzeo and Erlich as General Partners., Around this time, Coatue bolstered its late-stage team, too. New York, New York, United States . According to one source, even GPs don't receive carry on the investments they make, getting compensated in cash and bonuses instead. View job listing details and apply now. "It shows the urge to winand the lengths he'll go to," the source said. Type Investor Status Active Founded 1999 HQ New York, NY, US | view all locations Website https://www.coatue.com/ Cybersecurity rating Homepage Again, this is a core difference from Tiger. Select a company name to explore and learn more about other companies across the industry and to compare average salaries with those at Coatue. Though Thomas became an agent in his own right, the opportunity to join his brother in building a preeminent investment firm was too good to pass up., One of Coatue's defining hits arrived shortly afterward. The following year, Lending Club would IPO, marking Coatue's first venture liquidity event. Cameron, a research associate in Coatue Management, a New York-based fund management company. "Coatue can have some vengeance," a former employee said., Such issues may not matter, at least when it comes to returns. In 1999, Laffont founded Coatue making him a member of the Tiger Cubs employees who founded their own hedge funds. Job title Controller. Parag Jain. That interest proved helpful he applied to MIT and was accepted in 1985. Coatue invests in public and private markets with a focus on technology, media, telecommunications. 143 (61 investment advisory or research) Address. Try for free at rocketreach.co . For one thing, the firm takes board seats and is perceived as an engaged, founder-friendly contributor. 3.0 . Any representations to the contrary and any websites other than www . 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. Less than a decade into its private market sojourn, Coatue has grown its footprint, developed new competencies, and found ways to win. Philippe was shunted to a basement office without much to do. Sign Up. Develop advanced features for automatic generation of realistic 3D characters, scenes and animations. Coatue Management, L.L.C. ", It is still relatively early days. How much you earn at Coatue Management depends on your role, and the organizational function that you work in. ), LTD. FT - Family Law Paralegal Marietta (2219), FT Administrative Assistant/Research Assistant - Perimeter Area (2202). The average salary of Coatue jobs will vary according to location, department, and job description. Coatue's chain of command is both simple and convoluted. The Generalist helps you understand how the best businesses and investors win. 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 Philippe Laffont graduated from MIT (MS in Computer Science) in 1989. It seemed to give the firm the firepower to keep expanding its efforts.. Quarter four of last year was the firm's busiest ever, with 55 deals announced during that period alone. Still, strong talent continues to depart, and while Coatue will believe it can continue to attract gifted employees, humans are peskily non-fungible. One source I spoke with suggested its assets under management may now reach as high as $90 billion., Yet, as it has grown, Coatue has seemed to lose none of its nimbleness. It is greatwith each deal won, a testament to the fact., Only when observing Coatue's culture does this illustriousness look blemished. He had taken a very different path since graduating from the Lyce, attending Yale before heading to California. Like his mentor, Philippe planned to buy the best companies and short the worst, though he narrowed his focus to the world of technology. Across the sources I spoke with, Mosaic seems to be impressive but not that important. In 2014, a young Wharton student, Alexander Izydorczyk, interned at the firm. Coatue made 58 investments in 2020, a figure that jumped to 165 in 2021. 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. Consistent with our public strategy, our aim is to identify generational, technology-focused leaders that are building world-shaping companies. Data lead Alex Izydorczyk helmed this $350 million fund but struggled to generate consistent returns. It reportedly generated more than 100% return within a year., Though no longer operational, Coatue did once have a fourth "core" investment practice, trying out a quant approach. . Not all of its experiments have succeededa high-profile internal investment in a new quant strategy flamed out spectacularly. Like Robertson, Philippe built his empire from relatively humble beginnings. In early 2020, the mobile testing platform was seen as a breakout business based on data the company had shared with the public. `` screamer, '' a portrait coatue management research coordinator in my conversations on public and private companies in the,! 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