It doesn't run an office outside of the United States. $48.61B (as of 11 May 21) Accounts. ", After spending more than thirteen years at the firm, Senft also seems to have developed a talent for communicating with Philippe. Location. Coatue Management and Actavis In the fourth quarter of 2014, Coatue Management initiated a new position in Actavis (ACT). Limited partners (LPs) can see which strategies are paying off and make decisions accordingly. It was the kind of job useful in hindsight but frustrating in the moment. Phillipe Laffont founded and is the CEO of the firm. Not long after, he started investing, picking blue-chip technology companies he felt equipped to analyze. Indeed, he may be Coatue's best stock picker. A source said that Senft masters this compression, efficiently articulating nuanced topics., Outside this trio, Coatue has several other key figures. Any representations to the contrary and any websites other than www.coatue.com are not endorsed by Coatue. Two years older than Thomas, Philippe described himself as a reclusive youngster, particularly in his teen years. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. For example, when analyzing a business like Datadog, the firm doesn't just look at the market for cloud monitoring software; it carefully analyzes attachment rates for similar products and examines how departmental budgets are typically deployed. Despite the firm's flaws, it has done a stellar job reinventing and renovating itself to accommodate new dynamics. . It is now time to examine the firm's current playbook. Whereas many peer firms were focused on short-term movements, Philippe wanted to look toward the horizon, searching for businesses that could compound for three years or more. good comp, nice offices, interesting scale, smart colleagues, cutting-edge investing. 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. It started by aggregating and parsing credit card data, showing what purchases had been made where. Coatue has offices in New York City, Menlo Park, California, London, Shanghai and Hong Kong. Here are some companies in the same or similar industry as 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. "No one's begrudging ten or fifteen million checks," an investor stated, suggesting that larger tickets likely needed Philippe Laffont's approval. Financial Controller at Coatue Management. Coatue soon brought a heavy-hitter aboard to manage this team: Dan Rose. Whereas Coleman's firm relies on Bain and other consultancies to get up to speed on a business, Coatue established this practice themselves.. . While that might provide more granular information, it also opens the firm up for criticism. Website. Every Sunday, we unpack the trends, businesses, and leaders shaping the future. Show all 192 coworkers of Shirley Law Shirley Law's Employment details. According to one source, even GPs don't receive carry on the investments they make, getting compensated in cash and bonuses instead. In the mid-90s, companies like Microsoft appreciated significantly, giving the Laffonts confidence in their abilities. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. The estimated total pay for a Analyst at Coatue Management is $97,033 per year. Speaking of the firm's stance, they said, "We're going to be disciplined about price. 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. ", That's more than just a nifty party trick. Philippe Laffont. On the contrary, increased size appears to have bred greater agility, not less. This feels like a particular disappointment given Philippe Laffont's history with Tiger Management, a firm fabled for its cultivation of young talent. Coatue is a global investment firm with offices in New York, Menlo Park, San Francisco and Hong Kong. ", It is still relatively early days. In terms of decision-making, sources indicated that Thomas Laffont and Daniel Senft could make investment decisions within reason. Cameron Friscia's Married Life with Katherine Clare Timpf. Coatues performance has been built around strong in-house research, astute data analysis, and a stellar network. Understanding Coatue sometimes feels like an attempt to differentiate between those two words. Perhaps the best way to understand Coatue's hierarchy, then, is through a matrixed approach. We'll specifically focus on Coatue's private market work, walking through how the firm sources, evaluates, wins, and supports deals. As the ex-Coatue investor recalled, "That was what put us on the map. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. He worked as an analyst at McKinsey & Co. from 1992 to 1994 and served as a research analyst at Tiger Management Corp. from 1996 to 1999 before founding Coatue Management in 1999. You can reach the main office by calling the . 86 2015 Capital: $8 billion Years. Philippe relayed that one of his primary motivations for getting into venture capital was to secure personal tax advantages. SPVs have sprung up to meet fresher needs, fortifying and adding to the structure. Key Principal:SCOTT HECHLIK See more contacts Industry:Management services Website. Regardless, more than many other funds, Coatue knows what it's looking for. Jan Koum and Evan Spiegel's companies were considered best positioned in Western markets. COATUE MANAGEMENT LLC. 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. View Other Contacts in Coatue Management. Preparing Emma's profile View Emma's Email (It's Free) 5 free lookups per month. Coatue Management 2885 Sand Hill Road, 2nd Floor, Menlo Park, CA 94025 United States View Map of This Location. What exactly is this product?, Mosaic is a fully-featured, intuitive data analysis dashboard. the consumer and healthcare sectors. Work. "We didn't see the usage data," an investor was believed to have said.. We are a founder-led firm dedicated to helping fellow founders build. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. View job listing details and apply now. It is based on Coatue's regulatory 13F. 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. "It shows the urge to winand the lengths he'll go to," the source said. He was preceded by Matthew Mizbani, also active on the crypto team, who departed to become a Partner at Paradigm.. Coatue Management, L.L.C. An expos described him as a "screamer," a portrait corroborated in my conversations. Our work may feature entities in which Generalist Capital, LLC or the author has invested. For example, the first time Coatue's private markets team pitched small-business payments company Melio, the younger Laffont wasn't interested. Climate tech seems to be a particular focus, with a new $2 billion SPV recently added. Join 55,000 others today to make sure you don't miss our next briefing. One portfolio founder I spoke to recalled how they were introduced to Coatue at the end of a fundraising process. Investors further down the pecking order may have to adhere to a similar process. Coatue invests in public and private markets with a focus on technology, media, telecommunications. Few would bet against them doing so again. Scott Hechlik PRESIDENT/Founder Meet Scott Audra Cona Chief Integration Officer Less than a decade into its private market sojourn, Coatue has grown its footprint, developed new competencies, and found ways to win. It works cleanly and suggests electrifying power. Based on my conversations and research, that representation might look like the chart below. Founder Philippe Laffont sits at the top and is the firm's ultimate decision-maker and portfolio manager. 70 2016 Capital: $9.7 billion 2015 Hedge Fund 100 Rank: No. 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. The Box deal was followed up with direct investments into Hotel Tonight, Evernote, and Lending Club. We have developed deep expertise across several themes such as climate technology and fintech that we believe will disrupt traditional sectors, create new use cases, and fuel increased adoption over the next decade. Coatue is an unusual colossus. and CAA; and investors including Twitch co-founder Kevin Lin, Y Combinator, CRV, and . Every Sunday, we unpack the trends, companies, and leaders shaping the future. 9 WEST 57TH STREET, NEW YORK, New York, 10019, (212) 715-5100. He soon brought along a former colleague, Caryn Marooney, who had served as Facebook's VP of Communications. 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. 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. The holding were 1,889,195 shares as of 2021-12-31. "The thing that Coatue does not get enough credit for is that when they experiment, they experiment hard," one former employee remarked., It's interesting to envision how this DNA might manifest over the next couple of years. 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. "Every time I hear that ringtone, my heart starts to race," the source noted., This individual's experience was not isolated. Pitchbook data suggests Coatue's first private market fund totaled $185 million, though the employee I spoke with remembered it as $350 million. Not long before Tiger Management closed its doors, Laffont decided it was time to go solo. But do founders really use it?, "Portfolio companies are generally pretty impressed," one source said of Mosaic. Whatever the figure, Thomas Laffont and Daniel Senft had money to spend. Confidence in their abilities is based on Coatue & # x27 ; s Employment details corroborated... 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