The firm brought in two established names to kick off the effort: Matt Mazzeo and Yan-David Erlich. Average salary of an employee at Coatue Management is $185k. [6] Coatue manages this fund in addition to others. Coatue returned the fund's capital by the middle of that year and slashed the team. In terms of decision-making, sources indicated that Thomas Laffont and Daniel Senft could make investment decisions within reason. He left the firm in 2021. Finance & Accounting Based on 18 salaries Investment Analyst 8 salaries Junior Investment Analyst 3 salaries View More Engineering Based on 8 salaries Software Engineer 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." 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. Coatue is largebut is it great?, In almost all respects, the answer is yes. An organization that began life as a long-short hedge fund has spent much of the last decade spinning up new investing practices. Coatue has offices in New York City, Menlo Park, California, London, Shanghai and Hong Kong. Though the last two years have halted festivities, one source noted that they expected its return in one form or another. Parag Jain. The following year, in 2003, Thomas would join his brother at Coatue. View job listing details and apply now. New York, New York, United States . Managing Partner. Referring to a $500 million vehicle, the former investor said, "As far as I know, the returns on that fund have been pretty bad." Thomas worked his way up from the mailroom in CAA's Beverly Hills office. 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. Coatue Management United States employs 172 employees. Coatue invests in both private and public companies from these three SPVs. 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. Governance. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. While that might provide more granular information, it also opens the firm up for criticism. He tends to be a big picture thinker with a skill for playing devil's advocate, poking holes in consensus opinions.. Thomas Laffont's brainchild brought together luminaries from Asian and Western tech ecosystems alongside a liberal sprinkle of celebrities. To fill his time, he perused the Herald Tribune., Quickly, Philippe developed a fascination for stock listings. Research Coordinator. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Coatue. While Coatue had shown an ability to win competitive late-stage rounds thus far, the market had grown more crowded. 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. Alumni: Kleiner Perkins, CIA View No data is available based on your input. An additional office of the firm is in Menlo Park, CA. Similarly, Coatue can study a new marketplace and judge where average moderation spending sits. ", Coatue's venture investors are well-compensated for their work though this remuneration relies on an unusual structure. Your submission has been received! Phone: (1)2127155100 Fax: (1)2123711297. To this founder, Schneider exemplified the ethos of the firm:, Caryn Marooney was also name-checked, with a source noting how valuable she had proven to be for portfolio company Notion. "It's great for all the portfolio companies," one source said, highlighting it as a core point of differentiation. While high salaries mean that "no one's crying," this approach does remove the fundamental alignment mentioned earlier. Again, this is a core difference from Tiger. The firm had established a name and network in both American and Asian venture markets in just a few years. If you only have a couple of minutes to spare, here's what investors, operators, and founders should know about Coatue. Perhaps the best way to understand Coatue's hierarchy, then, is through a matrixed approach. Coatue Management 9 WEST 57TH STREET 25TH FLOOR NEW YORK NY 10019 Office hours. ", To bolster its capabilities, the Laffont's staffed an in-house research team, managed by a former BCG consultant. The table shows below the name of the job title below you may be interested in including salary range and total compensation. COATUE MANAGEMENT LLC. Type Investor Status Active Founded 1999 HQ New York, NY, US | view all locations Website https://www.coatue.com/ Cybersecurity rating Homepage Capabilities . 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. 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. Rather than hungering for a job in Silicon Valley, Laffont sought to make it on Wall Street. 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. Coatue Management is a technology-focused investment management firm. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Toronto . His brother Thomas chairs these vehicles and works out of the Bay Area office of Coatue Management. He can analyze and recall large data sets with eerie skill. Like his mentor, Philippe planned to buy the best companies and short the worst, though he narrowed his focus to the world of technology. Additional Contacts at Coatue Management. ", Thankfully, another door opened. ", It is still relatively early days. Join 62,000 others today. Sebastian Duesterhoeft and Lucas Swisher arrived from Silver Lake and Kleiner Perkins, respectively. Coatue's chain of command is both simple and convoluted. "We didn't see the usage data," an investor was believed to have said.. A former investor suggested that Coatue invested about half of its first two funds in China. The megafund might look like Tiger Global, but it's operating a very different playbook. The impact to a portfolio due to this purchase was 1.32%. Would this even show up if Coatue blended investments? One attendee recalled a panel event featuring former Secretary of the Treasury Larry Summers and Coinbase CEO Brian Armstrong. As his educational background suggests, Philippe has a natural gift for numbers. Coatue creates financial models for the businesses it analyzes. 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. Coatue Management, L.L.C. , In researching Coatue, one issue appeared too many times to ignore: its aggressive internal culture. In one case, that was explicitly motivated by fear of reprisal. The new initiative was led by Thomas Laffont and Daniel Senft, a talented stock picker and long-time lieutenant., Without a strong brand in Silicon Valley, Coatue found unusual ways to break into the ecosystem. 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. Jessica Atneyel's email address: [email protected] | Find Jessica's Email, Social Profiles, and Mutual Contacts both you and Jessica know Coatue's manager may consider a high-octane environment essential to achieving high performance. However, as public market competitor Bill.com grew its value, he reversed his decision, making a significant investment in Melio. "Philippe thinks the cream rises to the top," one person told me., Coatue's intensity is understandable from this vantage. Investors further down the pecking order may have to adhere to a similar process. The emergence of new business models through web3., The introduction of historically offline businesses to online tooling.. In 2000, Tiger Global made its first private investment, backing Russian search engine Yandex. Talking about Cameron Friscia's relationship status, he is a married man. By March of 2000, it had crested 5,000. 9 WEST 57TH STREET, NEW YORK, New York, 10019, (212) 715-5100. Any representations to the contrary and any websites other than www.coatue.com are not endorsed by Coatue. 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. Thomas sits on the board of Tipping Point Community, . What started as a hedge fund focused on public consumer technologies has gradually grown to include growth and early-stage funds. The average salary of Coatue is $185,991 in the United States. He worked as an analyst for McKinsey & Company from 1992 to 1994 in Madrid, Spain. And thus please contact me through my email at [email protected] or via . Former rising star and data wunderkind Alex Izydorczyk is parting ways with Coatue Management, the $48 billion hedge fund where he's led data science since 2016, according to sources familiar. Nom et titre. Two years older than Thomas, Philippe described himself as a reclusive youngster, particularly in his teen years. In the process, it built relationships with management teams and developed a sharper understanding of the underlying dynamics. Based on my conversations and research, that representation might look like the chart below. We'll specifically focus on Coatue's private market work, walking through how the firm sources, evaluates, wins, and supports deals. That's not to say that Coatue is valuation insensitive. Thomas Laffont called up underlings via Zoom before administering his critique, a habit that has left a lingering mark. Reports suggested that Izydorczyk was a harsh leader with brutal expectations. It seemed to give the firm the firepower to keep expanding its efforts.. As a former employee noted, that opportunity had arisen thanks to the firm's Wall Street connections, with a Morgan Stanley banker flagging the upcoming sale., It was a startone propelled forward by the closing of a formal venture vehicle. One source suggested Senft had likely been responsible for Coatue's largest "aggregate winners. The average salary of Coatue jobs will vary according to location, department, and job description. Coatue Management Salaries How much do Coatue Management employees make? (Coatue) maintains a single website, www.coatue.com, and Coatue does not solicit, offer, or sell securities via the Internet. Indeed, DCM's 2014 vintage is one of venture capital's best-performing funds, with a 2021 piece reporting 30x returns., Zhang made his presence felt, brokering investments into Didi, Uxin, ofo, Meituan, and Kuaikan Manhua. Website. 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. They further discussed Thomas's fickleness, describing his opinions as moving with the market. Coatue Management is a tech-focused long-short equity hedge fund. An employee at Coatue Management in just a few years and Coinbase CEO Brian Armstrong Menlo Park, California London! Of 2000, Tiger Global made its first private investment, backing Russian search engine Yandex year and the. 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