Coatue Announces $ 700 Million Venture Capital Fund: Report

Coatue, a large technology-driven hedge fund, reportedly hired a former Facebook executive to lead a new $ 700 million venture capital fund

Coatue, a large technology-driven hedge fund, reportedly hired a former Facebook executive to lead a new $ 700 million venture capital fund

Coatue Management, Philippe Laffont, Thomas Laffont, Venture Capital, Dan Rose, Facebook, Softbank

Coatue, a large technology-driven hedge fund, reportedly hired a former Facebook executive to lead a new $ 700 million venture capital fund

2019-08-02T01: 29: 31 + 02: 00

2019-08-02T00: 58: 38 + 02: 00

2019-08-02T01: 29: 47 + 02: 00

According to a report by The Information Thursday, Coatue Management, a leading technology hedge fund, has announced that it has raised a $ 700 million venture capital fund to support start-up startups.
The fund would be run by former Facebook vice president, Dan Rose, according to the report.
Coatue Management is led by Philippe Laffont and his brother Thomas Laffont and has conducted a data-centric approach to evaluating potential investments.
According to the report, the fund has already invested in Weights and Bias, Figma, AppZen and Persona.
Click here for more BI Prime stories.

SoftBank is not the only newcomer on Sand Hill Road. Outstanding returns have drawn the attention of the most successful hedge funds in Silicon Valley, and they are looking for the skin.
According to a report released by The Information on Thursday, the technology hedge fund Coatue Management has raised a $ 700 million venture capital fund to invest in start-up technology companies.
Although it is generally the riskiest stage, the earlier the investor returned, the higher the returns could be, which apparently seduced Philippe Laffont and his brother Thomas Laffont, Coatue founders. The founders told The Information that they were eager to incorporate earlier potential companies, which continue to compete with the larger and better known venture capital firms in Silicon Valley.
According to the report, the former fund of Facebook's vice president, Dan Rose, will lead the start-up fund. It has already been invested in data-centric startups such as Weights & Biases, Figma, AppZen and Persona.
More: Andreessen Horowitz's partner, Scott Kupor, explains the valuable lesson that today's startups can take from the Internet bubble: be careful before selling to other startups
The Laffont brothers made a name for themselves by taking big bets on some of the biggest names in Silicon Valley, albeit later. Coatue Management had stakes in Snap, Uber, Lyft, Grab and Airtable, to name just a few of the company's greatest successes. But as capital continues to flow into Silicon Valley, it is worth entering as soon as possible.
In addition to the $ 17 billion under management, Coatue Management also benefits from an exclusive data badysis tool that helps guide investment, Laffont told The Information. According to the report, Coatue spends more than $ 30 million on buying data for its algorithms, and nearly half of its investment team is made up of engineers.
Coatue Management did not respond to Business Insider's comment request.

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Coatue, a large technology-driven hedge fund, reportedly hired a former Facebook executive to lead a new $ 700 million venture capital fund

Coatue, a large technology-driven hedge fund, reportedly hired a former Facebook executive to lead a new $ 700 million venture capital fund

Coatue Management, Philippe Laffont, Thomas Laffont, Venture Capital, Dan Rose, Facebook, Softbank

Coatue, a large technology-driven hedge fund, reportedly hired a former Facebook executive to lead a new $ 700 million venture capital fund

2019-08-02T01: 29: 31 + 02: 00

2019-08-02T01: 29: 47 + 02: 00

According to a report by The Information Thursday, Coatue Management, a leading technology hedge fund, has announced that it has raised a $ 700 million venture capital fund to support start-up startups.
The fund would be run by former Facebook vice president, Dan Rose, according to the report.
Coatue Management is led by Philippe Laffont and his brother Thomas Laffont and has conducted a data-centric approach to evaluating potential investments.
According to the report, the fund has already invested in Weights and Bias, Figma, AppZen and Persona.
Click here for more BI Prime stories.

SoftBank is not the only newcomer on Sand Hill Road. Outstanding returns have drawn the attention of the most successful hedge funds in Silicon Valley, and they are looking for the skin.
According to a report released by The Information on Thursday, the technology hedge fund Coatue Management has raised a $ 700 million venture capital fund to invest in start-up technology companies.
Although it is generally the riskiest stage, the earlier the investor returned, the higher the returns could be, which apparently seduced Philippe Laffont and his brother Thomas Laffont, Coatue founders. The founders told The Information that they were eager to incorporate earlier potential companies, which continue to compete with the larger and better known venture capital firms in Silicon Valley.
According to the report, the former fund of Facebook's vice president, Dan Rose, will lead the start-up fund. It has already been invested in data-centric startups such as Weights & Biases, Figma, AppZen and Persona.
More: Andreessen Horowitz's partner, Scott Kupor, explains the valuable lesson that today's startups can take from the Internet bubble: be careful before selling to other startups
The Laffont brothers made a name for themselves by taking big bets on some of the biggest names in Silicon Valley, albeit later. Coatue Management had stakes in Snap, Uber, Lyft, Grab and Airtable, to name just a few of the company's greatest successes. But as capital continues to flow into Silicon Valley, it is worth entering as soon as possible.
In addition to the $ 17 billion under management, Coatue Management also benefits from an exclusive data badysis tool that helps guide investment, Laffont told The Information. According to the report, Coatue spends more than $ 30 million on buying data for its algorithms, and nearly half of its investment team is made up of engineers.
Coatue Management did not respond to Business Insider's comment request.

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