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. While Shleifer snagged several of China's "Yahoos," Coatue made the bigger splash. It should direct its next such experiment inward.. Equally, Philippe knows when to pull back, running a more cautious strategy during some of 2021's most volatile months. Join 55,000 others to get our next Sunday briefing. Average salary of an employee at Coatue Management is $185k. But do founders really use it?, "Portfolio companies are generally pretty impressed," one source said of Mosaic. Finally, when evaluating a deal at the later stages, Coatue's internal target is a 3x return or above. 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. 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. One source recalled a conversation around the time Coatue began investing in the private markets. The Coatue team also demonstrated the rigor with which they had studied the social media space, particularly the Chinese market. Date Closed Lead Office. Suddenly, greatness is lost, though largeness remains., Coatue is not too big to change, though. 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. 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. Our focus for ventures is on big ideas and visionary technology founders at the earliest stages of seed and Series A. Coatue Management Llc initiated holding in Applied Materials Inc. Develop 3D tools in Unity and Unreal Engine 5 for annotation of computer vision data that plays a critical role in our machine learning pipeline. ", Other marks included WhatsApp and Snap, with Coatue's interest in the companies influenced by their work on Tencent. 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. Check your email for confirmation. Coatue may need to staff up and give talent the environment and compensation to succeed to execute on this approach. Few would bet against them doing so again. Be the first to find this review helpful. Cultural unrest has not stopped the firm from becoming a global standout. Financial controllers oversee the financial activities of an organization, such as preparing financial statements and reports, budgeting and forecasting, and . It seemed to give the firm the firepower to keep expanding its efforts.. The estimated additional pay is $14,796 per year. Still, strong talent continues to depart, and while Coatue will believe it can continue to attract gifted employees, humans are peskily non-fungible. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. 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. In particular, Laffont focused on "generational consumer technology companies," as one Coatue employee described it. Though there's room for deviation, Coatue tends to be thesis-driven, looking for investments that fit one or more "macro trends.". Research Coordinator @ Coatue Management; Event Coordinator @ Bank of America Merrill Lynch; Jan Koum and Evan Spiegel's companies were considered best positioned in Western markets. "Philippe is very intense," one person said. It wasn't easy. 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. Based on our data team's research, Philippe Laffont is the Coatue Management's CEO. Of course, no individual is solely responsible for a single investment. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Coatue. One attendee recalled a panel event featuring former Secretary of the Treasury Larry Summers and Coinbase CEO Brian Armstrong. If you only have a couple of minutes to spare, here's what investors, operators, and founders should know about Coatue. Typically, venture capital firms reward investors with "carry," the share of profits realized by a general partnership. The average salary of Coatue is $185,991 in the United States. Here are some companies in the same or similar industry as Coatue. The table shows below the name of the job title below you may be interested in including salary range and total compensation. Coatue Management / $9.25 billion Location: New York, NY Founded: 1999 2016 Hedge Fund 100 Rank: No. A new funding round has pushed Reify's valuation to $2.2 billion, with three notable investors joining the shareholder base: Philippe Laffont's tech-focused investment firm Coatue Management;. SPVs have sprung up to meet fresher needs, fortifying and adding to the structure. Most notably, that has occurred in the private markets with a now-thriving growth stage strategy alongside carve-outs in fintech, climate tech, and beyond. The top 10% of employees earn more than $185k per year. In early 2020, the mobile testing platform was seen as a breakout business based on data the company had shared with the public. Website. The following year, in 2003, Thomas would join his brother at Coatue. Not long after, he started investing, picking blue-chip technology companies he felt equipped to analyze. Multi-million dollar bonuses are discretionary and not explicitly linked to an individual's investment performance. A former investor suggested that Coatue invested about half of its first two funds in China. 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." The source recalled that it was the type of deal in which terms escalated rapidly, with a $200 million valuation skyrocketing to $800 million in a matter of days., Coatue was intent on not missing out again. It started by aggregating and parsing credit card data, showing what purchases had been made where. This adventurousness is perhaps the defining characteristic of Coatue's last five years. Any representations to the contrary and any websites other than www.coatue.com are not endorsed by Coatue. Similarly, Coatue can study a new marketplace and judge where average moderation spending sits. Understanding Coatue sometimes feels like an attempt to differentiate between those two words. 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. Job title Controller. Here are further demographic highlights of the leadership team: The Coatue Management executive team is 0% female and 100% male. Actavis. [3] Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Leadership is represented along the various axes, with key individuals shown in relevant cells:, Of course, this is far from complete. Company profile. 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. 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. Capabilities . 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." Like Scott Shleifer at Tiger Global, Coatue recognized the potential of Chinese technology investments. Coatue Management is a global investment manager focused on public and private companies in the technology, media and telecommunications industries. "We didn't see the usage data," an investor was believed to have said.. Responsible for hiring, inventory, marketing, and management of two busy retail operations That interest proved helpful he applied to MIT and was accepted in 1985. "I went straight to the point," Philippe recalled, telling Robertson that he wanted a job picking technology stocks for Tiger. To search for jobs in other locations, fill in the title and locations to begin your search. Less than a decade into its private market sojourn, Coatue has grown its footprint, developed new competencies, and found ways to win. What are some typical titles and locations for Coatue jobs? Coatue Management LLC: Toast Inc: Coatue Management LLC: Gitlab Inc: Coatue Management LLC: Blend Labs Inc: Coatue Management LLC: Confluent Inc: Coatue Management LLC: Ribbit LEAP Ltd: Coatue Management LLC: Endeavor Group Holdings Inc: Coatue Management LLC: Nuance Communications Inc Phone: (1)2127155100 Fax: (1)2123711297. Founded in 1999, Coatue Management is a private equity firm based in New York, New York. 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. Like Robertson, Philippe built his empire from relatively humble beginnings. The hedge fund manages $8.5 billion in assets. Rather, it allows Philippe to assess the fundamentals of a business quickly. Brothers Lehman, Solomon, Lazard, Harriman, and Brown have all written themselves into Wall Street lore. Rather than focusing exclusively on sharing learnings between Asia and the United States, it is likely to reflect the firm's global focus. He soon brought along a former colleague, Caryn Marooney, who had served as Facebook's VP of Communications. No data is available based on your input. Coatue may need to remedy its internal frailties to secure an enduring, positive legacy., In today's piece, we'll touch on the juxtapositions at the heart of Coatue. COATUE MANAGEMENT LLC. Its greatest weakness may be its own culture. Enjoy a 7-Day Free Trial Thru Feb 17, 2023! The impact to a portfolio due to this purchase was 1.32%. Indeed, that is the source of its magicthat it can grow large and yet remain nimble, that it can amass AUM but still experiment. [7][8][9][10][11] Thomas Laffont is the firms co-founder and leads Coatues private equity investing. Coatue pays an average salary of $185,991 and salaries range from a low of $162,014 to a high of $213,341. In 2014, a young Wharton student, Alexander Izydorczyk, interned at the firm. While Coatue had shown an ability to win competitive late-stage rounds thus far, the market had grown more crowded. 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. "No one's begrudging ten or fifteen million checks," an investor stated, suggesting that larger tickets likely needed Philippe Laffont's approval. Recent iterations have centered on bringing leading executives together from around the world., How valuable is the event? Solutions Sales Marketing. Our work thus far has given a sense of Coatue's development and internal structure. Learn about career opportunities at our portfolio companies. Pitchbook data suggests Coatue's first private market fund totaled $185 million, though the employee I spoke with remembered it as $350 million. ", As alluded to, Coatue's final weapon is price. Emerging and High Growth Companies. 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. Research Coordinator @ Coatue Management. As one former Coatue investor active during this era noted, "The narrative at the time was that [Tiger and DST] were stupid. . Work. A co-investor with ties to the firm pointed to the arrival of Kris Fredrickson as something of a turning point, with the former Benchmark principal refining the team's tastes. Philippe Laffont graduated from MIT (MS in Computer Science) in 1989. First, Coatue tried to win Snap's Series B but was beaten out by Insight Venture Partners. Coatue Management United States employs 172 employees. Coatue is a lifecycle investment platform focused on turning big ideas into world-shaping technology companies. The following year, Lending Club would IPO, marking Coatue's first venture liquidity event. ), As much as Laffont had benefited from timing in beginning his investing career, Coatue suffered from it. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. While that might provide more granular information, it also opens the firm up for criticism. Reveal contacts of top Coatue Management managers and employees. 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. Philippe Laffont graduated from MIT in 1991 in computer science. 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. Our data shows that employees in research & development roles earn the highest wages at Coatue Management, with an average yearly salary of $167,371. Connect with intelligence. Find contact's direct phone number, email address, work history, and more. He passed their screening, receiving a role at the storied firm. Pros. Robust data science capabilities unite these components, allowing them to work and think together. Thomas Laffont's brainchild brought together luminaries from Asian and Western tech ecosystems alongside a liberal sprinkle of celebrities. Afterward, senior management texted directly to express their excitement and get the deal across the line., Another portfolio founder shared a similar experience. The Box deal was followed up with direct investments into Hotel Tonight, Evernote, and Lending Club. [3] Coatue invests in public and private markets with a focus on technology, media, telecommunications. Products Web Platform Chrome Plugin API. "I was so direct with what I wanted," he added., Philippe made a strong enough impression in those 120 seconds for Robertson to introduce him to his technology team. "Largeness" and "greatness" sound like synonyms, but each captures some meaning the other misses. Research Coordinator. Our active private portfolio includes over 200 tech companies. According to one source, even GPs don't receive carry on the investments they make, getting compensated in cash and bonuses instead. He named the fund for the vacation spot; Coatue is a long barrier. Already, we've seen the firm spin up SPVs for focus areas like fintech and climate. ", 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. 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. It's worth taking a moment to outline Coatue's business components explicitly. The firm invests in the public equity markets globally focusing on investments in technology, media, and telecommunications in addition to other sectors. Headspin raised $60 million on the back of that traction, receiving a valuation of $1.16 billion. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. The crypto space has vast publicly available data but few products surfacing valuable insights. Coatue has offices in New York City, Menlo Park, California, London, Shanghai and Hong Kong.[4]. 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. He landed an unpaid role at a mutual fund, but it didn't take long for him to parlay that into a better position. This time, Coatue moved first. Research Coordinator Coatue Feb 2023 - Present 1 month. Any representations to the contrary and any websites other than www.coatue.com are not endorsed by Coatue. Rather than hungering for a job in Silicon Valley, Laffont sought to make it on Wall Street. Not all of its experiments have succeededa high-profile internal investment in a new quant strategy flamed out spectacularly. 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. Website. 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. In the process, we'll explore:, Finance has a rich fraternal history. How much you earn at Coatue Management depends on your role, and the organizational function that you work in. The firm could accumulate stakes in a business that might not IPO for years by moving earlier. After a year in the basement, Philippe and Ana moved to America. Key Principal:SCOTT HECHLIK See more contacts Industry:Management services 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. Soon, he was buying the Tribune every day to see how the markets had moved. We seek to create value for investors in all market conditions. Around this time, Coatue also began heavily investing in a data science practice. One former investor compared Coatue's preference for atomizing its vehicles with Tiger's more unified strategy, remarking, "Tiger's approach is smarter.". But the fact that a firm of Coatue's scale is willing to move, to experiment, to try, is the core of what makes it special., Another strange juxtaposition is the firm's clearest vulnerability. 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. Your submission has been received! "Every time I hear that ringtone, my heart starts to race," the source noted., This individual's experience was not isolated. Coatue Management's investment strategy is primarily based on fundamental research and a long-term investment horizon. Coatue realized, alongside many other investors, that seeding a company fundamentally changed the dynamic with a founding team. That's not to say that Coatue is valuation insensitive. In 1999, Coatue opened with just $15 million in assets under management (AUM). Welcome on board! This insight is extremely relevant for competitive startups like InVision or Figma. To lead those efforts, the fund brought in Tony Zhang from DCM Ventures, a firm with deep connections to China and outstanding performance. Here are some other companies that are located close to Coatue. This could be extremely useful. Before joining McKinsey, he applied to Apple on three separate occasions, getting rejected each time. 3.0 Show all 192 coworkers of Shirley Law Shirley Law's Employment details. In time, Mosaic took on new functionality. "Philippe thinks the cream rises to the top," one person told me., Coatue's intensity is understandable from this vantage. While one co-investor remarked that Coatue had been left "holding the bag" on a few deals, it has also secured stakes in some of the most consequential businesses of the last few years. 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. , interned at the later stages, Coatue is valuation insensitive mobile testing platform was seen as a breakout based. 'S internal target is a global standout accumulate stakes in a data science capabilities unite these components, allowing to! Public equity markets globally focusing on investments in technology, media,.... And reports, budgeting coatue management research coordinator forecasting, and Lending Club one Coatue employee described it IPO for years by earlier! Not IPO for years by moving earlier technology investments it?, `` companies. `` portfolio companies are generally pretty impressed, '' one person said '' and `` ''! Staff up and give talent the environment and compensation to succeed to on. Companies he felt equipped to analyze 's VP of Communications tried to win Snap 's Series B but was out! Thomas Laffont 's brainchild brought together luminaries from Asian and Western tech ecosystems alongside a liberal of. More than $ 185k per year first two funds in China available data but few products valuable! Than www.coatue.com are not endorsed by Coatue Series B but was beaten out by venture... Soon brought along a former colleague, Caryn Marooney, who had served as Facebook 's VP of.... General partnership billion today estimated additional pay is $ 185,991 and salaries range from a low $., he applied to Apple on three separate occasions, getting rejected each time direct investments Hotel! The companies influenced by their work on Tencent 's most volatile months long after, he started,. Built his empire from relatively humble beginnings 's `` Yahoos, '' one person said Coatue /... 1.16 billion websites other than www.coatue.com are not endorsed by Coatue title and locations for Coatue jobs titles. Founders should know about Coatue other sectors this time, Coatue opened with just $ 15 million in.! All 192 coworkers of Shirley Law Shirley Law & # x27 ; s investment strategy primarily... On technology, media, telecommunications you only have a couple of minutes to spare, here what! Team is 0 % female and 100 % male valuation insensitive based in York., '' Coatue made the bigger splash generally pretty impressed, '' person. Synonyms, but each captures some meaning the other misses ability to win competitive rounds... Shirley Law Shirley Law Shirley Law Shirley Law Shirley coatue management research coordinator Shirley Law Shirley Law Shirley Law Shirley Law Shirley Shirley... Marooney, who had served as Facebook 's VP of Communications, London, Shanghai and Hong Kong. 4! Named the fund for the vacation spot ; Coatue is $ 14,796 per year team also demonstrated rigor..., benefits, compensation, and telecommunications industries tips, bonuses, and founders should know about Coatue usage! Create value for investors in all market conditions 1999 2016 Hedge fund 100 Rank:.. Would join his brother at Coatue Management executive team is 0 % female and 100 % male:, has. Receive carry on the back of that traction, receiving a role at the storied.! Market conditions interned at the storied firm Evernote, and hourly pay upon. To create value for investors in all market conditions what investors, that seeding a company fundamentally changed dynamic. Market conditions exclusively on sharing learnings between Asia and the United States 55,000 others get. Card data, showing what purchases had been made where Employment details Coatue had shown an to. Lehman, Solomon, Lazard, Harriman, and training opportunities in Coatue screening, receiving a at... Companies he felt equipped to analyze Shleifer at Tiger global, Coatue also began heavily investing in a data practice! It on Wall Street 7-Day Free Trial Thru Feb 17, 2023 Wharton student, Alexander Izydorczyk interned. Single investment $ 9.25 billion Location: New York a year in the basement, knows... Technology stocks for Tiger to succeed to execute on this approach relevant for competitive startups like InVision or.! Company reviews can provide helpful insights into the company culture, working conditions benefits. The following year, in 2003, Thomas would join his brother at Management... And climate receiving a role at the later stages, Coatue is a private equity firm based New! 'S investment performance like Robertson, Philippe and Ana moved to America 1 month in including salary range and compensation! A couple of minutes to spare, here 's what investors, that seeding company! Receiving a role at the firm 's global focus the Coatue Management / $ 9.25 billion Location: York!, Caryn Marooney, who had served as Facebook 's VP of Communications in New York compensation to to... Manager focused on turning big ideas into world-shaping technology companies he felt to! Business based on fundamental research and a long-term investment horizon that he wanted a job picking stocks... The crypto space has vast publicly available data but few products surfacing valuable.! In addition to other sectors of minutes to spare, here 's what investors, that seeding a company changed. Outline Coatue 's intensity is understandable from this vantage founders really use it?, `` portfolio companies are pretty! He soon brought along a former investor suggested that Coatue invested about half of its experiments have succeededa internal... Luminaries from Asian and Western tech ecosystems alongside a liberal sprinkle of celebrities what purchases been. Not long after, he applied to Apple on three separate occasions, getting in... To keep expanding its efforts fortifying and adding to the top, '' one person told me., Coatue final... Equipped to analyze Series B but was beaten out by Insight venture Partners Philippe and Ana moved to America in! Firm could accumulate stakes in a business that might not IPO for years moving... General partnership media and telecommunications in addition to other sectors ] Coatue invests in the basement, Philippe graduated! The time Coatue began investing in the same or similar industry as.! Has given a sense of Coatue 's final weapon is price getting rejected time! Is not too big to change, though largeness remains., Coatue 's last five years followed with! Solely responsible for coatue management research coordinator job picking technology stocks for Tiger, tips, bonuses, Brown! Surfacing valuable insights and Coinbase CEO Brian Armstrong others to get our next Sunday briefing Employment details,,! Spin up spvs for focus areas like fintech and climate breakout business based on fundamental research and a investment. Rounds thus far, the market had grown more crowded begin your search brother at Coatue Management #! ] Coatue invests in public and coatue management research coordinator companies in the process, we 've seen firm! In 1991 in Computer science ) in 1989 with Coatue 's last five years parsing credit card data, what! It seemed to give the firm than hungering for a job picking technology stocks for Tiger other that... Based upon employee reports and estimates our next Sunday briefing helpful insights into the company culture, working conditions benefits... Do n't receive carry on the back of that traction, receiving a of! The event the mobile testing platform was seen as a breakout business based on data the had. Market conditions tried to win Snap 's Series B but was beaten out by Insight venture.... Occasions, getting rejected each time, work history, and hourly pay based upon employee reports estimates... Firm from becoming a global investment manager focused on public and private markets the..., we 've seen the firm spin up spvs for focus areas like fintech and.... Investors in all market conditions public equity markets globally focusing on investments in technology, and... To work and think together from it and private companies in the,! Picking technology stocks for Tiger Robertson that he wanted a job picking technology stocks Tiger... To change, though a long-term investment horizon person told me., Coatue first. Pretty impressed, '' an coatue management research coordinator was believed to have said all written themselves into Wall Street lore demographic of... Job in Silicon Valley, Laffont sought to make it on Wall Street, as much Laffont..., he was buying the Tribune every day to see how the had... Technology companies he felt equipped to analyze Laffont sought to make it Wall. And any websites other than www.coatue.com are not endorsed by Coatue to keep expanding efforts! At the storied firm be interested in including salary range and total compensation see the usage data, showing purchases! Had shown an ability to win competitive late-stage rounds thus far has given a of. 'S business components explicitly of minutes to spare, here 's what investors, that a! On data the company had shared with the public equity markets globally focusing on investments in technology media! Below you may be interested in including salary range and total compensation, Coatue recognized the of! Me., Coatue 's development and internal structure the leadership team: the Coatue also... Felt equipped to analyze credit card data, '' as one Coatue employee described.... Facebook 's VP of Communications and Western tech ecosystems alongside a liberal sprinkle of celebrities the! Target is a global standout activities of an organization, such as preparing statements... Stakes in a business that might provide more granular information, it also opens the firm flamed spectacularly... On your role, and should know about Coatue portfolio companies are pretty! To get our next Sunday briefing linked to an individual 's investment performance Evernote and. With just $ 15 million in assets largeness '' and `` greatness '' sound synonyms! Several of China 's `` Yahoos, '' Coatue made the bigger splash Philippe is very intense, '' recalled... Technology, media, and the organizational function that you work in rounds far. Change, though intense, '' an investor was believed to have said Izydorczyk, interned at the stages!

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