Join 62,000 others today. Something went wrong while submitting the form. ), As much as Laffont had benefited from timing in beginning his investing career, Coatue suffered from it. Research Coordinator @ Coatue Management. Board members. Cameron Friscia's Married Life with Katherine Clare Timpf. He named the fund for the vacation spot; Coatue is a long barrier. www.coatue.com . THE C & C JOINT PRINTING CO. Though rejected from the company's Cupertino offices, Laffont remained impressed by the business, frequently buying in. "It's bespoke to each company," one source said. "Philippe thinks the cream rises to the top," one person told me., Coatue's intensity is understandable from this vantage. 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. One portfolio founder I spoke to recalled how they were introduced to Coatue at the end of a fundraising process. 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 In December of 2013, Coatue secured the chance to invest $50 million into Snap at a multibillion-dollar valuation. We seek to create value for investors in all market conditions. Like Scott Shleifer at Tiger Global, Coatue recognized the potential of Chinese technology investments. An expos described him as a "screamer," a portrait corroborated in my conversations. After a year in the basement, Philippe and Ana moved to America. 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. Portfolio companies receive customized versions of Mosaic, fitted with relevant information. As a source said, "it was a marketing deck. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. It employs long/short strategy to make its investments.Coatue Management was founded in 1999 and is based in New York City. Thomas Laffont's brainchild brought together luminaries from Asian and Western tech ecosystems alongside a liberal sprinkle of celebrities. Coordinator - Growth + Early Stage @ Coatue Management Marketing Intern and Accounting Intern @ Hathaway Dinwiddie Usc Water Polo Team Manager @ University of Southern California see more Student Athlete @ University of Southern California Assistant to the Production Manager @ Red Hour Films Research Coordinator @ University of Southern California Though initially impressive, Coatue's advantage was eroded by the launch and expansion of Second Measure. Develop advanced features for automatic generation of realistic 3D characters, scenes and animations. 2022 PRI Board annual elections. For example, the first time Coatue's private markets team pitched small-business payments company Melio, the younger Laffont wasn't interested. Every Sunday, we unpack the trends, companies, and leaders shaping the future. Responsible for hiring, inventory, marketing, and management of two busy retail operations As one former Coatue investor active during this era noted, "The narrative at the time was that [Tiger and DST] were stupid. Seventeen months later, the SEC and DOJ charged the company's co-founder with fraud, alleging he had misled investors. Connect with intelligence. While investors might focus on particular stages more than others, there is considerable fluidity with hedge fund analysts contributing to early-stage venture deals and visa-versa. The elephant can't match the mouse's darting run; an eighteen-wheeler does not corner like a golf buggy no tugboat turns on a dime. With a large enough data set, Mosaic could effectively create a list of prospects for a given startup, prioritized by the amount each was spending on a competitive product., The final core piece of Mosaic is its benchmarking capabilities. The stock is now traded at around $131.500000. Quarter four of last year was the firm's busiest ever, with 55 deals announced during that period alone. 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. He tends to be a big picture thinker with a skill for playing devil's advocate, poking holes in consensus opinions.. Key Principal:SCOTT HECHLIK See more contacts Industry:Management services Fund Profile Filing Period: Top 13F Holdings Download. One source recalled a conversation around the time Coatue began investing in the private markets. Philippe Laffont graduated from MIT in 1991 in computer science. His brother Thomas chairs these vehicles and works out of the Bay Area office of Coatue Management. Coatue Management is a tech-focused long-short equity hedge fund. 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;. Join 55,000 others to get our next Sunday briefing. 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 Coatue is a global investment firm with offices in New York, Menlo Park, San Francisco and Hong Kong. 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. The Generalist uses cookies to make this website the best place possible. Coatue Management's investment strategy is primarily based on fundamental research and a long-term investment horizon. Not all of its experiments have succeededa high-profile internal investment in a new quant strategy flamed out spectacularly. While Tiger Global is hands-off by design, Laffont's firm looks to balance proactive support with latitude. It can look at a SaaS platform with $20 million in annual recurring revenue, for example, and see what top decile net retention looks like. 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. [3], Coatue's annual "East Meets West" conference features tech entrepreneurs from the U.S. and China. 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. Get Randi Dennett's email address (r*****@coatue.com) and phone number (516626..) at RocketReach. We believe that investment strategies, like companies, must grow and evolve with the market. Outstanding communication, customer service, and relationship-building skills. Perhaps the best way to understand Coatue's hierarchy, then, is through a matrixed approach. Each one's character is, in some respect, reflected in the organization they have built., That is most true of Coatue's founder, Philippe Laffont. 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. At the time, the markets valued WeChat's owner at less than $1 billion; today, it sits around $590 billion. Coatue is an unusual colossus. 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. Of course, no individual is solely responsible for a single investment. It yielded promising results, with a former investor remarking that "it worked ninety-plus percent of the time. Here are some companies in the same or similar industry as Coatue. Based on the company location, we can see that the HQ office of Coatue is in NEW YORK, NY. Thomas sits on the board of Tipping Point Community, . Of course, several of these startups could fit in multiple categories. However, as public market competitor Bill.com grew its value, he reversed his decision, making a significant investment in Melio. "It's great for all the portfolio companies," one source said, highlighting it as a core point of differentiation. He soon brought along a former colleague, Caryn Marooney, who had served as Facebook's VP of Communications. Rather than heading to a meeting and waiting to be pitched, the firm's investors would do the pitching. Our focus is on disciplined, long-term investing across the most exciting mega-trends in technology. Across the sources I spoke with, Mosaic seems to be impressive but not that important. Though the company wasn't actively raising, Coatue pre-empted fundraising discussions arriving with thorough research and data, used in a "very, very impressive way." It's interesting to compare this integrated approach with Tiger's outsourced model. 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. In time, Mosaic took on new functionality. . 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. 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." Again, there seems to be a blurred line between a tangible return and alluring triviality. (They might have been thinking of a $355 million growth fund raised in 2015). For many, the opportunity to invest in exceptional businesses is worth the pain. Our data shows that employees in research & development roles earn the highest wages at Coatue Management, with an average yearly salary of $167,371. Coatue Management / $9.25 billion Location: New York, NY Founded: 1999 2016 Hedge Fund 100 Rank: No. 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. To win Spiegel over, Thomas began a "masterful" full-court press, wooing Snap's founder with expensive dinners and introducing him to celebrity contacts through his network at CAA. Thank you! 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. You should always do your own research and consult advisors on these subjects. 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. Preparing Emma's profile View Emma's Email (It's Free) 5 free lookups per month. Job title Controller. Those photos were included in a pitch filled with insights on the space. Research Coordinator @ Coatue Management; Event Coordinator @ Bank of America Merrill Lynch; 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. $25 million Service. 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. "I immediately loved them," the founder noted., When Coatue was informed during a second call that the founder expected a term sheet from another firm that day, the partnership and back-office team sprang into action, sending an offer of their own by the end of the one-hour meeting. Here are further demographic highlights of the leadership team: The Coatue Management executive team is 0% female and 100% male. Investors further down the pecking order may have to adhere to a similar process. View job listing details and apply now. ", That soon became something of a calling card for Coatue. "We didn't see the usage data," an investor was believed to have said.. Learn about career opportunities at our portfolio companies. Our active private portfolio includes over 200 tech companies. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who has summered on Nantucket for 30 years. Coatue Management is a fund manager in New York with $48.61B assets under management. Board committees. What are some typical titles and locations for Coatue jobs? By and large, however, the firm seems to have allowed an aggressive, intensive culture to flourish., Perhaps this is by design. Cons. Ramp is building the next generation of finance toolsfrom corporate cards and expense management, to bill payments and accounting integrationsdesigned to save businesses time and money with every click. In part, Coatue passed on investing in HeadSpin because Mosaic suggested much weaker figures. Value. [3] . Alumni: Kleiner Perkins, CIA View Instead, we might see it create something equivalent to a suite of thematic-ETFs, spanning private and public markets. By late 2002, the Nasdaq Composite lingered a touch above 1,200. ", Coatue's venture investors are well-compensated for their work though this remuneration relies on an unusual structure. The same individual pointed to David Schneider, formerly of ServiceNow, as another stellar addition. [6] Coatue manages this fund in addition to others. 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. 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. Coatue's first three years of investing had coincided with more than a 75% drawdown in the markets. Show all 192 coworkers of Shirley Law Shirley Law's Employment details. 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. We aim to identify these trends at a global level and back the biggest beneficiaries as the market develops and matures. The portfolio founders I spoke with said that Coatue strikes a good balance, succeeding in being helpful without sliding into meddlesomeness. kf*****@coatue.com +1*****04. Meanwhile, a former employee said of portfolio support:, Though hit-and-miss, Coatue seems to be doing the essential part well: leaving its portfolio founders feeling supported but not smothered., Learn the playbooks of tech's most consequential companies. Work. Like Robertson, Philippe built his empire from relatively humble beginnings. Thomas Laffont called up underlings via Zoom before administering his critique, a habit that has left a lingering mark. Thomas worked his way up from the mailroom in CAA's Beverly Hills office. Other investors will have played vital roles in each one of these businesses. A lawyer by training, Ana came from an influential family in the country. One source said, "He remembers every number that you give him, even if you gave it to him five years ago. One source suggested Senft had likely been responsible for Coatue's largest "aggregate winners. Mazzeo had famously worked at Lowercase Capital, a firm with legendary returns. As a Coatue employee noted in our discussion, "Philippe probably made more money on Apple than anybody." The crypto space has vast publicly available data but few products surfacing valuable insights. It bought 964,155 shares in the pharmaceutical firm. As the ex-Coatue investor recalled, "That was what put us on the map. Research Coordinator. . 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. New sectors have accompanied this structural growth. The latest equity financing round follows the $125 million raised by Rebel Foods in August last year, which was also led by technology-focused Coatue Management 10 Apr, 2020, 08.04 AM IST BharatPe gets $75 million from Coatue, Ribbit "What he does really well is super size the best ideas throughout his career," an investor close to the firm said, citing Coatue's track record of doubling down on breakout hits like Apple, Tencent, and Bytedance. Sign Up. Philippe's early picks included Microsoft, Intel, and Dell. One is focused on fintech, another on climate tech, and a third on the Chinese ecosystem. To search for jobs in other locations, fill in the title and locations to begin your search. Speaking of the firm's stance, they said, "We're going to be disciplined about price. 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Even if you gave it to him five years ago 55 deals announced during period! Buying in colleague, Caryn Marooney, who had served as Facebook 's VP of.. The SEC coatue management research coordinator DOJ charged the company 's co-founder with fraud, alleging he had misled.! More than a 75 % drawdown in the same or similar industry as Coatue Katherine... Has vast publicly available data but few products surfacing valuable insights is solely responsible for a single investment be,!