Gokul Rajaram

growth-negative

Michael Gilroy, a former head of fintech investments at Coatue, and Gokul Rajaram, a tech executive and angel investor, are launching a new venture firm. They plan to raise a $400 million to $500 million debut fund to invest in U.S.-based early-stage fintech and software startups. This move follows Gilroys departure from Coatue, where he invested in several fintech companies. Additionally, Kris Fredrickson, another former Coatue investor, is also starting his own firm, Verified Capital, aiming to raise $150 million. These developments suggest a trend of former Coatue investors establishing their own firms, potentially impacting Coatues growth negatively by losing key investment personnel.