Governance. In 1999, Philippe started Coatue Management.. [3] Coatue invests in public and private markets with a focus on technology, media, telecommunications. 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. 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." Rather than hungering for a job in Silicon Valley, Laffont sought to make it on Wall Street. Welcome on board! See more They had seen the power social media and messaging businesses had to translate attention into monetization. Our focus for ventures is on big ideas and visionary technology founders at the earliest stages of seed and Series A. The same individual pointed to David Schneider, formerly of ServiceNow, as another stellar addition. Coatue is an unusual colossus. kf*****@coatue.com +1*****04. Your submission has been received! "Philippe thinks the cream rises to the top," one person told me., Coatue's intensity is understandable from this vantage. One benefit of moving to Spain was that Philippe got to stay close to Ana Isabel Diez de Rivera, the woman that would become his wife. Click the company name to explore its salary ranges and a comparison with pay at Coatue. Typically, venture capital firms reward investors with "carry," the share of profits realized by a general partnership. . Every Sunday, we unpack the trends, companies, and leaders shaping the future. Karat, Inc. is now hiring a Onboarding Coordinator in Los Angeles, CA. On the contrary, increased size appears to have bred greater agility, not less. Work. Coatue is an American technology-focused investment manager led by founder and portfolio manager Philippe Laffont. Coatue is a global investment firm with offices in New York, Menlo Park, San Francisco and Hong Kong. Like Scott Shleifer at Tiger Global, Coatue recognized the potential of Chinese technology investments. ", Other marks included WhatsApp and Snap, with Coatue's interest in the companies influenced by their work on Tencent. Board members. 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." Leadership is represented along the various axes, with key individuals shown in relevant cells:, Of course, this is far from complete. Coatue Management L.L.C. ", Phillippe has the gift of translating that granularity into big bets. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Join 62,000 others today. The following year, Lending Club would IPO, marking Coatue's first venture liquidity event. He passed their screening, receiving a role at the storied firm. While Tiger Global is hands-off by design, Laffont's firm looks to balance proactive support with latitude. Jessica Atneyel's email address: xxxx@xxx.com | Find Jessica's Email, Social Profiles, and Mutual Contacts both you and Jessica know Equally, Philippe knows when to pull back, running a more cautious strategy during some of 2021's most volatile months. In 1999, Laffont founded Coatue making him a member of the Tiger Cubs employees who founded their own hedge funds. "That's our edge," he said in a rare interview, "Patience and longer-term thinking." According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. ", Coatue's involvement doesn't end once an investment has been made. The table shows below the name of the job title below you may be interested in including salary range and total compensation. Luca . Sebastian Duesterhoeft and Lucas Swisher arrived from Silver Lake and Kleiner Perkins, respectively. . Again, there seems to be a blurred line between a tangible return and alluring triviality. Coatue Management invests in public and private equity markets focusing on the technology, media and telecommunications industries. Cons. Another person I spoke with described how the fund manager can jump into a spreadsheet blind and immediately suss out an issue, saying, "If there's an error in row 363 of your model, he'll find it. Pros. In 1999, Coatue opened with just $15 million in assets under management (AUM). Named after Philippe Laffont's favorite Nantucket beach, Coatue was inspired by Robertson. According to one source, even GPs don't receive carry on the investments they make, getting compensated in cash and bonuses instead. We believe that investment strategies, like companies, must grow and evolve with the market. Two years older than Thomas, Philippe described himself as a reclusive youngster, particularly in his teen years. Key Principal:SCOTT HECHLIK See more contacts Industry:Management services An exceptional hedge fund has sprouted a growth investing practice, which in turn, has hatched an early-stage group. Building on our heritage of public markets investing, our lifecycle investment platform has expanded across venture, growth, thematic, and structured capital strategies over the last decade. Preparing Emma's profile View Emma's Email (It's Free) 5 free lookups per month. 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. The holding were 1,889,195 shares as of 2021-12-31. Coatue pays an average salary of $185,991 and salaries range from a low of $162,014 to a high of $213,341. Research Coordinator. If you only have a couple of minutes to spare, here's what investors, operators, and founders should know about Coatue. 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 Coatue Management 2885 Sand Hill Road, 2nd Floor, Menlo Park, CA 94025 United States View Map of This Location. Coatue has a few weapons when it comes time to win over a founder. Last spring, Coatue Management, a $25 billion hedge-fund giant, did something unusual: It made an appearance. Though rejected from the company's Cupertino offices, Laffont remained impressed by the business, frequently buying in. The inference from this source was that such additions represented a step up, albeit one secured at a high cost. As a source said, "it was a marketing deck. It is now time to examine the firm's current playbook. For one thing, the firm takes board seats and is perceived as an engaged, founder-friendly contributor. [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. In doing so, we'll have a chance to juxtapose Coatue's approach to Tiger's, the investor to which it is most frequently compared. ", Though the Laffonts showed a knack for identifying great technology companies, they were slow to recognize a fundamental shift in the industry's financial landscape. Those photos were included in a pitch filled with insights on the space. With the help of the hedge fund team, they'd compile research and walk through their thoughts on the market. As demonstrated by the Snap deal, early-stage companies valued deep research and proprietary insights. As his educational background suggests, Philippe has a natural gift for numbers. Research Coordinator @ Coatue Management. To an unusual extent, sources I spoke with highlighted the firm's high churn, aggressive atmosphere, and corrosive managerial practices. The firm could accumulate stakes in a business that might not IPO for years by moving earlier. First, Coatue tried to win Snap's Series B but was beaten out by Insight Venture Partners. After working as an independent consultant, he joined Tiger Management LLC as a research analyst in 1996, focusing on telecommunications stocks. One source recalled a conversation around the time Coatue began investing in the private markets. 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. An additional office of the firm is in Menlo Park, CA. He has tied the knot with his lovely wife, Kat Timpf. Coatue 9 West 57th Street, 25th FloorNew York, NY10019 21 South Park Street, 2nd FloorSan Francisco, CA94107 Oops! He tends to be a big picture thinker with a skill for playing devil's advocate, poking holes in consensus opinions.. The secretive, tech-focused investment manager has had a stellar track record under. One source suggested Senft had likely been responsible for Coatue's largest "aggregate winners. That represented the beginning of an accelerating private market run still in full swing., Tiger's move into the space was motivated by an understanding that many interesting technology companies had yet to hit the public markets. The estimated base pay is $82,237 per year. Nothing significant is built without sweat, and the best teams tend to be extraordinarily hard working. In the process, we'll explore:, Finance has a rich fraternal history. Multi-million dollar bonuses are discretionary and not explicitly linked to an individual's investment performance. [6] Coatue manages this fund in addition to others. Speaking of the firm's stance, they said, "We're going to be disciplined about price. One source shared an anecdote of how the firm's system, named "Mosaic," drives good decision-making. 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. It seemed to give the firm the firepower to keep expanding its efforts.. ", The same tension exists when it comes to connections. We aim to identify these trends at a global level and back the biggest beneficiaries as the market develops and matures. In the process, it built relationships with management teams and developed a sharper understanding of the underlying dynamics. Cameron, a research associate in Coatue Management, a New York-based fund management company. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who has summered on Nantucket for 30 years. (They might have been thinking of a $355 million growth fund raised in 2015). Coatues performance has been built around strong in-house research, astute data analysis, and a stellar network. No credit card required. The purchase prices were between $125.2 and $162.72, with an estimated average price of $145.33. . 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. The firm has too many employees to represent here. Fundamentally, there are three core business lines: public market investing, growth investing, and early-stage investing. Across the sources I spoke with, Mosaic seems to be impressive but not that important. The following year, in 2003, Thomas would join his brother at Coatue. Name Sole Voting Power Shared Voting Power Sole Dispositive . 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." "We didn't see the usage data," an investor was believed to have said.. It is now time to study the firm's different pieces, examining how they fit together. The secretive, tech-focused investment manager led by founder and portfolio manager Philippe Laffont 's firm to! 'S high churn, aggressive atmosphere, and the best teams tend to be impressive not. Tech-Focused investment manager led by founder and portfolio manager Philippe Laffont fit.. Rises to the top, '' one person told me., Coatue 's intensity understandable! Educational background suggests, Philippe described himself as a research analyst in 1996, focusing on stocks! Tied the knot with his lovely wife, Kat Timpf IPO, marking Coatue 's interest in the companies by! Fund in addition to others included in a pitch filled with insights on the market and... Aim to identify these trends at a global level and back the biggest beneficiaries as the market be a line! 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