the consumer and healthcare sectors. Here are some other companies that are located close to Coatue. They may also reveal information or provide tips on interviewing skill requirements, and other factors that could help when applying for a position at that company. Even though they may have been late to the sector, the firm has established an impressive base in crypto with investments in Fireblocks, OpenSea, Alchemy, Dapper Labs, and Dune. Though the last two years have halted festivities, one source noted that they expected its return in one form or another. The top 10% of employees earn more than $185k per year. In 1999, Coatue opened with just $15 million in assets under management (AUM). The Generalists work is provided for informational purposes only and should not be construed as legal, business, investment, or tax advice. Jan Koum and Evan Spiegel's companies were considered best positioned in Western markets. While that might provide more granular information, it also opens the firm up for criticism. Any representations to the contrary and any websites other than www.coatue.com are not endorsed by Coatue. 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. Financial controllers oversee the financial activities of an organization, such as preparing financial statements and reports, budgeting and forecasting, and . Since Philippe Laffont founded the firm in 1999 with just $15 million, the crossover fund has expanded to a size that puts it among the giants of the financial world. Signatory General Meeting (SGM) Signatory rights. client relations, account management, or similar experience. As the source mentioned, it demonstrated to startup founders that Coatue was intelligent, thoughtful, and willing to do the work. Coatue soon brought a heavy-hitter aboard to manage this team: Dan Rose. 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.. On July 30, 2019, Attabotics, an industrial automation startup, completed its $25 million Series B financing, with participation from Coatue, Comcast Ventures and Honeywell alongside returning early investors early . Pros. One is focused on fintech, another on climate tech, and a third on the Chinese ecosystem. Based on the company location, we can see that the HQ office of Coatue is in NEW YORK, NY. Another expressed a similar sentiment, adding, "I honestly think [it's] still more marketing fluff than game-changing. In 2013, the firm made its move, opening up an office on Sand Hill Road in the same building as Andreessen Horowitz and beginning to scout for private market deals. Though he was ready to return to the US, Ana wanted to remain close to home. Based on our data team's research, Philippe Laffont is the Coatue Management's CEO. 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." Coatue's first three years of investing had coincided with more than a 75% drawdown in the markets. As a Coatue employee noted in our discussion, "Philippe probably made more money on Apple than anybody." On the contrary, increased size appears to have bred greater agility, not less. While its asset management peers tend toward the fusty and uninspired, Coatue has innovated. While many good things were said about Coatue's team and leadership we will discuss these, toothere appear to be persistent managerial issues that start at the top., The three individuals at the top of the firm are Philippe Laffont, Thomas Laffont, and Daniel Senft. While DST would go on to snag a sweetheart deal on the messaging service, investing even after Facebook had agreed on an acquisition, Coatue got its chance with Snap., Per the former employee, getting into the deal was a five-month endeavor. 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. Managing Partner. . I was fortunate to get a relatively clear picture of the firm's internal hierarchy through my discussions. Increasingly, the firm is a true generalist in the private markets, a flexibility that has resulted in a much tighter deployment schedule. 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 The inference from this source was that such additions represented a step up, albeit one secured at a high cost. Thomas Laffont and Daniel Senft serve as trusted lieutenants with greater latitude than other senior investors. Here are some companies in the same or similar industry as Coatue. 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. That's not to say that Coatue is valuation insensitive. Mazzeo had famously worked at Lowercase Capital, a firm with legendary returns. (Chase Coleman would launch Tiger Global with a similar premise. It didn't take long for Coatue to set its sights higher., A former investor with knowledge of this era mentioned that Coatue identified a few high-priority companies to target. "He has an incredible product mindset," the founder said, noting that they considered Mazzeo one of the best in the world in this area. (They might have been thinking of a $355 million growth fund raised in 2015). It could do the same thing for DoorDash's Tony Xu, outlining where the food delivery business was gaining and losing share, which restaurants were driving most online sales, and which competitor he might be interested in acquiring. Founder Philippe Laffont sits at the top and is the firm's ultimate decision-maker and portfolio manager. One source said, "He remembers every number that you give him, even if you gave it to him five years ago. 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. The hedge fund manages $8.5 billion in assets. Coatue Management Contact Info Address. Philippe was shunted to a basement office without much to do. Coatue is a global investment firm with offices in New York, Menlo Park, San Francisco and Hong Kong. New York, New York, United States. Any representations to the contrary and any websites other than www . As his educational background suggests, Philippe has a natural gift for numbers. On the contrary, the team will walk away from deals it believes cannot offer a sufficient return. What exactly is this product?, Mosaic is a fully-featured, intuitive data analysis dashboard. If he chooses, he can very likely make close to any introduction for a portfolio company. . The principal office where Coatue Management, L.L.C. Oops! [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 terms of decision-making, sources indicated that Thomas Laffont and Daniel Senft could make investment decisions within reason. "We didn't see the usage data," an investor was believed to have said.. 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. Responsible for hiring, inventory, marketing, and management of two busy retail operations Phone: (1)2127155100 Fax: (1)2123711297. The crypto space has vast publicly available data but few products surfacing valuable insights. Coatue has also experimented beyond these primary categories. Abacus.AI. Finally, when evaluating a deal at the later stages, Coatue's internal target is a 3x return or above. Coatue 9 West 57th Street, 25th FloorNew York, NY10019 21 South Park Street, 2nd FloorSan Francisco, CA94107 Philippe's obsession with computers and technology filled his free time. A source described both Laffonts as "very scary." 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. It employs long/short strategy to make its investments.Coatue Management was founded in 1999 and is based in New York City. "It was a little embarrassing," the watcher noted., The fact that Coatue could even preside over such a moment was a testament in and of itself. Currently working as Research Coordinator at Coatue Management in New york, United States. $25 million Service. Enjoy a 7-Day Free Trial Thru Feb 17, 2023! Then, the bubble burst.. Size usually comes at the expense of agility. The journey from taking on a new project to making it successful begins at Coatue Companies We aim to provide outstanding services in family offices and trusts, construction and project management, business consulting and strategy, and personalized property management. "That's our edge," he said in a rare interview, "Patience and longer-term thinking." 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. One source shared an anecdote of how the firm's system, named "Mosaic," drives good decision-making. With a much larger staff and more powerful instrumentation than a traditional venture firm, Coatue shone in this area. Observed as a whole, it is a lovely piece of financial architecture, displaying the intention of a master craftsman and instinct of an artist. Bio. 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. Philippe Laffont graduated from MIT in 1991 in computer science. Coatue's chain of command is both simple and convoluted. By 2017, this initiative began to pay off, with Coatue providing tailored insights to prospective investments and portfolio companies. 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