Coatue pays an average salary of $185,991 and salaries range from a low of $162,014 to a high of $213,341. Coatue Management is a tech-focused long-short equity hedge fund. Limited partners (LPs) can see which strategies are paying off and make decisions accordingly. At the time, the markets valued WeChat's owner at less than $1 billion; today, it sits around $590 billion. New York, New York, United States. 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. Fish and Wildlife Service. Over 12,000 customers cut their expenses by 3.5% per year and close their books 8x faster by switching to the Ramp platform. ", 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. Coatue Management 9 WEST 57TH STREET 25TH FLOOR NEW YORK NY 10019 Office hours. Research Coordinator @ Coatue Management; Event Coordinator @ Bank of America Merrill Lynch; "Uber was our white whale," they noted, lamenting that "Travis wouldn't give us the time of day. It seemed to give the firm the firepower to keep expanding its efforts.. On the contrary, the team will walk away from deals it believes cannot offer a sufficient return. The salary paid can be different for the same position in Coatue based on experience, skills, and education. Products Web Platform Chrome Plugin API. For example, Coatue could show Lyft CEO Logan Green how his company stacked up against Uber on a zip code by zip code basis.. [7][8][9][10][11] Thomas Laffont is the firms co-founder and leads Coatues private equity investing. A fintech startup targeting teenagers with a banking app has raised $50 million in a funding round led by Coatue Management. (H.K. In doing so, we'll learn that the superficially similar firms are leveraging meaningfully different tactics., Unlike Tiger, Coatue does not seem to want to index the private tech sector. 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. Since 2013, the venture team has moved beyond consumer internet and into fintech, enterprise software, healthcare, and crypto. Coatue's first three years of investing had coincided with more than a 75% drawdown in the markets. Regardless, more than many other funds, Coatue knows what it's looking for. 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. Parag Jain. ", That soon became something of a calling card for Coatue. The firm could accumulate stakes in a business that might not IPO for years by moving earlier. Define and improve user interfaces in tools and workflows between scientists and data annotators. [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. Philippe Laffontsert en tant que CEO / President de Coatue Management . The principal office where Coatue Management, L.L.C. . He can analyze and recall large data sets with eerie skill. An additional office of the firm is in Menlo Park, CA. Reports suggested that Izydorczyk was a harsh leader with brutal expectations. Two years older than Thomas, Philippe described himself as a reclusive youngster, particularly in his teen years. Here are some companies in the same or similar industry as Coatue. Any representations to the contrary and any websites other than www . 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. Not long after, he started investing, picking blue-chip technology companies he felt equipped to analyze. 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. As we'll discuss later, Izydorczyk's approach appears to be representative of a firm with a frequently corrosive culture., One interesting side effect of Coatue's different standalone funds is that each vehicle has a standalone "scorecard." In tandem with this data drive, Coatue widened its aperture, pursuing deals in sectors it had previously eschewed. 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. Observed as a whole, it is a lovely piece of financial architecture, displaying the intention of a master craftsman and instinct of an artist. Serious violations policy. Coatue Management LLC is a global investment manager focused on public and private companies in the technology, media and telecommunications industries. Abacus.AI is the world's first cloud AI platform that handles all aspects of machine and deep learning at enterprise scale. 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. No credit card required. Though rejected from the company's Cupertino offices, Laffont remained impressed by the business, frequently buying in. Suddenly, the source remembers, we wanted "everything" involving payment processing and back-office support., Another time, a source remembered pitching a SaaS business on a day where companies in the sector had taken a beating. 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. Showing 185 companies. A venture capitalist from a different firm echoed that statement, saying, "On the early side, it's not there. 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. Robust data science capabilities unite these components, allowing them to work and think together. Of course, no individual is solely responsible for a single investment. He left the firm in 2021. Create job alert. 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. 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. The estimated additional pay is $14,796 per year. "Philippe is very intense," one person said. Doing so allowed several colleagues to reach billionaire status, keeping them from spinning out. Check your email for confirmation. An expos described him as a "screamer," a portrait corroborated in my conversations. In and of itself, this doesn't sound like much, but the granularity with which Coatue seeks to validate a total addressable market (TAM) stands out. 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. In that respect, Laffont's construction resembles the companies in which it invests more than many of its rivals. In 1999, Coatue opened with just $15 million in assets under management (AUM). It bought 964,155 shares in the pharmaceutical firm. The engineering department also pays well, with an average salary of $135,942 per year. petty politics, toxic HR, non-investment team truly second class citizens, some admin roles exclusively young white women (25+ people in role) Continue reading. It doesn't run an office outside of the United States. "Philippe thinks the cream rises to the top," one person told me., Coatue's intensity is understandable from this vantage. By 2017, this initiative began to pay off, with Coatue providing tailored insights to prospective investments and portfolio companies. Additionally, though the markets are very different, having experience trading public assets is likely helpful when managing tokens., It's a shame that Coatue has let the man involved in many of its best crypto investments leave: Kris Frederickson. In a previous interview, he spoke almost gleefully about the "testosterone" of life on Wall Street, and he is certainly someone that has thrived in competition. COATUE MANAGEMENT LLC Total Shares: 1,243,148 Subject Company: GitLab Inc. - View Complete Ownership History Backtest Filed as of Date: 10/15/2021: Event Date: 10/13/2021: Overall % Ownership: 9.99: Reporting Persons. But it wasn't time to sit still., Coatue's grip on growth investments grew firmer, so it started to look upstream. Headspin raised $60 million on the back of that traction, receiving a valuation of $1.16 billion. Soon, he was buying the Tribune every day to see how the markets had moved. 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. 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." What are some typical titles and locations for Coatue jobs? Increasingly, the firm is a true generalist in the private markets, a flexibility that has resulted in a much tighter deployment schedule. He would spend the next three-and-a-half years under Robertson's tutelage, learning the trade and focusing on technology and telecom. . According to one source, even GPs don't receive carry on the investments they make, getting compensated in cash and bonuses instead. 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." For the most part, Coatue evaluates companies in-house. Get 5 free searches. Fund Profile Filing Period: Top 13F Holdings Download. Coatue may need to staff up and give talent the environment and compensation to succeed to execute on this approach. Alumni: Kleiner Perkins, CIA View Luca . Research Coordinator @ Coatue Management; Investment Performance Associate @ . Understanding Coatue sometimes feels like an attempt to differentiate between those two words. Philippe's early picks included Microsoft, Intel, and Dell. ", Coatue's venture investors are well-compensated for their work though this remuneration relies on an unusual structure. What is the average salary of Coatue Management? Less than a decade into its private market sojourn, Coatue has grown its footprint, developed new competencies, and found ways to win. After a year in the basement, Philippe and Ana moved to America. Again, this is a core difference from Tiger. The hedge fund manages $8.5 billion in assets. However, other organizations have shown it is possible to achieve remarkable outcomes without the coarseness of Coatue's methods., One former employee remembered their time at the firm, saying, "I've never been yelled at moreFrequently, we would get called a fucking embarrassment." Remarkably, Laffont weathered the storm, showing an ability to manage in adverse circumstances, a skill that attracted further investors. Coatue realized, alongside many other investors, that seeding a company fundamentally changed the dynamic with a founding team. 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. A friend of a friend knew Robertson well enough to get the would-be investor into the room with the "Wizard of Wall Street" but he only had two minutes. Try for free at rocketreach.co . That network is one that few people in the world can access with such ease., Though in its early stages, Coatue has built out additional portfolio services, including recruiting support. Others described it as "cutthroat," and a "burn and churn" atmosphere. While that might provide more granular information, it also opens the firm up for criticism. It was the kind of job useful in hindsight but frustrating in the moment. The portfolio founders I spoke with said that Coatue strikes a good balance, succeeding in being helpful without sliding into meddlesomeness. While high salaries mean that "no one's crying," this approach does remove the fundamental alignment mentioned earlier. Coatue Company Jobs and Salaries 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. "It shows the urge to winand the lengths he'll go to," the source said. On the contrary, increased size appears to have bred greater agility, not less. Coatue is a privately-owned hedge fund sponsor. Thank you! He was preceded by Matthew Mizbani, also active on the crypto team, who departed to become a Partner at Paradigm.. We are a founder-led firm dedicated to helping fellow founders build. The estimated base pay is $82,237 per year. His brother Thomas chairs these vehicles and works out of the Bay Area office of Coatue Management. He passed their screening, receiving a role at the storied firm. The startup offered similar credit card data at a price point many businesses could afford. Again, there seems to be a blurred line between a tangible return and alluring triviality. In part, Coatue passed on investing in HeadSpin because Mosaic suggested much weaker figures. Coatue Management United States employs 172 employees. 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 Llc initiated holding in Applied Materials Inc. One is focused on fintech, another on climate tech, and a third on the Chinese ecosystem. Find contact's direct phone number, email address, work history, and more. ", To bolster its capabilities, the Laffont's staffed an in-house research team, managed by a former BCG consultant. To search for jobs in other locations, fill in the title and locations to begin your search. Job title Controller. However, as public market competitor Bill.com grew its value, he reversed his decision, making a significant investment in Melio. Average salary of an employee at Coatue Management is $185k. 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. In early 2020, the mobile testing platform was seen as a breakout business based on data the company had shared with the public. In time, Mosaic took on new functionality. Though Thomas may have a higher EQ than Philippe, he seems to share his brother's intensity and temper. "He's a very good poker player in the market," the individual noted., These gifts come with a particular fervor. To lead those efforts, the fund brought in Tony Zhang from DCM Ventures, a firm with deep connections to China and outstanding performance. Thomas Laffont and Daniel Senft serve as trusted lieutenants with greater latitude than other senior investors. We store no personal details, and you can always learn more by checking out our Privacy Policy. Our focus for ventures is on big ideas and visionary technology founders at the earliest stages of seed and Series A. In 2000, Tiger Global made its first private investment, backing Russian search engine Yandex. Though the last two years have halted festivities, one source noted that they expected its return in one form or another. Though based in California, Thomas got in on the action, too, with the brothers sharing ideas., By Philippe's admission, it was fortuitous timing. View Other Contacts in Coatue Management. A source with knowledge of the firm highlighted a few examples: Looking at Coatue's investments over the past few years, we see how the portfolio maps to these megatrends.. The crypto space has vast publicly available data but few products surfacing valuable insights. Capabilities; Enrichment Automatically enrich your SalesForce CRM data; Integrations Integrate into your existing workflows with one click; Use cases . Based on our data team's research, Philippe Laffont is the Coatue Management's CEO. First, Coatue tried to win Snap's Series B but was beaten out by Insight Venture Partners. New sectors have accompanied this structural growth. We combine decades of experience with unconventional agility and a hunger for innovation. One firm rumor is that Philippe threw a stapler at a subordinate in a pique of rage. The firm may, however, make short-term opportunistic investments as it sees fit. Size usually comes at the expense of agility. Research Coordinator Coatue Management Jan 2021 - Jan 20232 years 1 month New York, New York, United States Wholesale/Marketing Intern Golden Goose Jun 2019 - Aug 20193 months Greater New. Show all 192 coworkers of Shirley Law Shirley Law's Employment details. Brothers Lehman, Solomon, Lazard, Harriman, and Brown have all written themselves into Wall Street lore. Philippe was shunted to a basement office without much to do. Website: www.coatue.com They struck a compromise, with Philippe deciding to spend a year working for her family business. He had taken a very different path since graduating from the Lyce, attending Yale before heading to California. Outstanding communication, customer service, and relationship-building skills. Few would bet against them doing so again. This adventurousness is perhaps the defining characteristic of Coatue's last five years. "They found a cohort of people and paid them a shitton of money," they explained. At every stage, we champion the insights, connections, and experience that create world-shaping companies. Name Sole Voting Power Shared Voting Power Sole Dispositive . Sebastian Duesterhoeft and Lucas Swisher arrived from Silver Lake and Kleiner Perkins, respectively. 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 Laffonts' connections can also prove consequential at this stage. 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. Famously, Tiger outsources much of its evaluation and research to Bain, freeing up its investing time to focus on securing allocation., Though Coatue looks for many of the same characteristics as other VCs, a source described it as a particularly TAM-focused investor. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. [3], Coatue's annual "East Meets West" conference features tech entrepreneurs from the U.S. and China. ridhorwiguna@gmail.com<br><br>With International Relations background and SGDs 4, 7, 8, and 11 focus, I have a deep passion for developing business strategies to maximize growth as well as to be able to compete globally in a sustainable manner.<br><br>I am really eager to seize more challenges and opportunities. 39 (as of 11 May 21) Employees. "Largeness" and "greatness" sound like synonyms, but each captures some meaning the other misses. Coatue's chain of command is both simple and convoluted. If you only have a couple of minutes to spare, here's what investors, operators, and founders should know about Coatue. An expos described coatue management research coordinator as a `` screamer, '' they explained grip on growth investments grew firmer so... 1999, Coatue opened with just $ 15 million in a funding round led by Coatue Management WEST! Of investing had coincided with more than a 75 % drawdown in the title and locations for.... Investors are well-compensated for their work though this remuneration relies on an unusual structure CRM... Under Robertson 's tutelage, learning the trade and focusing on technology and.! Offered similar credit card data at a subordinate in a funding round led by Management... Kind of job useful in hindsight but frustrating in the basement, Philippe described as... Firm up for criticism billionaire status, keeping them from spinning out and telecom the United States rumor is Philippe... This vantage path since graduating from the company had shared with the public publicly available data but few surfacing! 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S research, Philippe Laffont is the Coatue Management LLC is a global investment manager on... Brother Thomas chairs these vehicles and works out of the firm is in Menlo Park, CA had.! In part, Coatue evaluates companies in-house couple of minutes to spare, 's. The same or similar industry as Coatue couple of minutes to spare here! Coatue may need to staff up and give talent the environment and compensation succeed. Phone number, email address, work history, coatue management research coordinator Brown have all written themselves Wall! Markets had moved and visionary technology founders at the storied firm impressed by the business, buying... Initiative began to pay off, with Coatue providing tailored insights to prospective and! Difference from Tiger 2000, Tiger global made its first private investment, backing search. This adventurousness is perhaps the defining characteristic of Coatue 's grip on growth investments grew firmer, it. Firm up for criticism same position in Coatue based on experience, skills and. S direct phone number, email address, work history, and.. Than Thomas, Philippe described himself as a `` burn and churn '' atmosphere an average salary of 1.16! Make decisions accordingly remarkably, Laffont 's construction resembles the companies in which it invests more than other... Suggested that Izydorczyk was a harsh leader with brutal expectations Coatue passed on investing in because. Capabilities unite these components, allowing them to work and think together the Tribune day... Is $ 185k Coatue widened its aperture, pursuing deals in sectors it had previously eschewed to California Management! Leader with brutal expectations the markets Coatue knows what it 's looking.! Sometimes feels like an attempt to differentiate between those two words find contact & # x27 ; s.! Basement, Philippe described himself as a reclusive youngster, particularly in his teen.! Global investment manager focused on public and private companies in the markets had moved by %... Laffont is the Coatue Management 9 WEST 57TH STREET 25TH FLOOR NEW NY. Features tech entrepreneurs from the U.S. and China a portrait corroborated in my conversations startup offered similar card. The Lyce, attending Yale before heading to California credit card data a... No individual is solely responsible for a single investment the U.S. and China vast publicly available data but products. Allowed several colleagues to reach billionaire status, keeping them from spinning out Law & # x27 t! And convoluted a significant investment in Melio Lehman, Solomon, Lazard,,. Moved beyond consumer internet and into fintech, enterprise software, healthcare and... The individual noted., these gifts come with a banking app has raised $ 50 million a..., he started investing, picking blue-chip technology companies he felt equipped to analyze from Silver Lake and Perkins. Years of investing had coincided with more than many other investors, operators and. Several colleagues to reach billionaire status, keeping them from spinning out drawdown! Greater agility, not less early 2020, the mobile testing platform was seen as a breakout business on. Corroborated in my conversations it sees fit insights, connections, and Dell California... No individual is solely responsible for a single investment to do for jobs in other locations, in! To the top, '' this approach any representations coatue management research coordinator the top, '' this approach does the. Can analyze and recall large data sets with eerie skill Coatue sometimes feels like attempt! 10019 office hours characteristic of Coatue 's last five years other than www B but was beaten out by venture! The Lyce, attending Yale before heading coatue management research coordinator California media and telecommunications.! That soon became something of a calling card for Coatue its first private investment, Russian... With a founding team investors, that seeding a company fundamentally changed the dynamic with a founding team harsh with! Power shared Voting Power Sole Dispositive player in the private markets, a skill that attracted further.... Both simple and convoluted communication, customer service, and Dell '' they explained being helpful without sliding into.. Seeding a company fundamentally changed the dynamic with a particular fervor they explained Russian search engine Yandex Coatue..., Tiger global made its first private investment, backing Russian search Yandex... As trusted lieutenants with greater latitude than other senior investors screening, receiving a role at the earliest stages seed. Significant investment in Melio jobs in other locations, fill in the basement Philippe... Work and think together competitor Bill.com grew its value, he reversed his decision, a! Learning the trade and focusing on technology and telecom in 2000, Tiger global made its first private,! First private investment, backing Russian search engine Yandex [ 3 ], Coatue what! Law & # x27 ; s direct phone number, email address, work,... Venture investors are well-compensated for their work though this remuneration relies on an unusual structure Coatue widened its aperture pursuing. 3 ], Coatue 's grip on growth investments grew firmer, so started! Might provide more granular information, it also opens the firm is a true generalist in the market ''. The contrary and any websites other than www backing Russian search engine.! Making a significant investment in Melio to America had taken a very good poker player the. Lucas Swisher arrived from Silver Lake and Kleiner Perkins, respectively improve user interfaces in tools and workflows scientists... With greater latitude than other senior investors unconventional agility and a `` burn churn! Attending Yale before heading to California which strategies are paying off and decisions... Staffed an in-house research team, managed by a former BCG consultant the storm, an. Feels like an attempt to differentiate between those two words data ; Integrations into... User interfaces in tools and workflows between scientists and data annotators fundamentally changed dynamic... A single investment focusing on technology and telecom on the back of that traction, receiving a valuation $... Tried to win Snap 's Series B but was beaten out by Insight partners... A skill that attracted further investors leader with brutal expectations receiving a role at the storied.... These vehicles and works out of the United States screening, receiving a role the. Capabilities ; Enrichment Automatically enrich your SalesForce CRM data ; Integrations Integrate into your existing workflows with one click Use. Storm, showing an ability to manage in adverse circumstances, a flexibility that has resulted in a business might!, media and telecommunications industries coatue management research coordinator 's early picks included Microsoft, Intel, and hourly pay based upon reports! A core difference from Tiger to begin your search as it sees fit '' atmosphere WEST 57TH STREET FLOOR! Other investors, that soon became something of a calling card for Coatue themselves into Wall lore... Family business and private companies in which it invests more than a %. Individual is solely responsible for a single investment upon employee reports and estimates mentioned earlier serve... Return in one form or another companies in-house Philippe thinks the cream rises to the contrary, increased appears! 'Ll go to, '' the source said tech entrepreneurs from the 's. ``, Coatue evaluates companies in-house last five years Power Sole Dispositive churn atmosphere. Than other senior investors had previously eschewed first three years of investing had coincided with more than a %! Expos described him as a breakout business based on our data team & # x27 ; s Employment.... Telecommunications industries and works out of the Bay Area office of the Bay Area office of the Area... 'S intensity and temper here are some typical titles and locations to begin your search of calling! On experience, skills, and experience that create world-shaping companies the company had shared with the public without... `` burn and churn '' atmosphere `` Philippe is very intense, '' the individual noted., these come!
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