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Iconiq Capital

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 Iconiq Capital  link Crunchbase LinkedIn Website
FoundersDivesh Makan, Michael Anders, Chad Boeding,
Staff500
MembershipDavid Bonderman, Lou Thorne,Mike Curtis, Jeff Rothschild, Neha Narkhede, Anantha Kancherla, Keith Adams, Matt Eccleston, Aditya Agarwal,Reid Hoffman, Dustin Moskovitz, Jerry Yang, Mary Barra, Alex Gorsky, Chase Coleman, Aditya Mittal
A privately owned investment firm that manages a lot of money for Mark Zuckerberg and other "high net worth" individuals.

Iconiq Capital is a privately owned investment firm that manages a lot of money for Mark Zuckerberg and other "high net worth" individuals.[1]

Origins

Divesh Makan maintained that he left Goldman Sachs in 2008 due to a workplace disagreement. However, the investment banking firm insisted that they dismissed him due to a loss of trust. He joined Morgan Stanley for a short period. Eventually, Makan and two other colleagues who had followed him when he left Goldman Sachs established Iconiq after leaving Morgan Stanley.[2]

Character

Iconiq Capital distinguishes itself from rivals in two ways. The first is its reputation for willingness to cater to clients’ every need. “You can have your entire life run through Iconiq if you want,” one former employee said. The second is that all-important network. It’s the implicit promise that by joining Iconiq’s ranks, you’ll see the most exclusive investment opportunities money and prestige can buy; that you’re part of tech’s ultimate brain trust, the elite of the elite.[3]

In a 2015 Forbes article, competing venture capital fund Bruce Brugler points out that what could disrupt Iconiq’s growth trajectory is a severe downturn in the overheated market for tech stocks and IPOs. “They’re making a huge bet on the continued bull market, the sex appeal of a ‘Friends of Zuckerberg’ fund and co-investments that could make them look like heroes,” Brugler says, “but they haven’t been through the down cycle yet.”[4]

Notable high net worth clients

The majority of the clients remain as secretive as the rest of Iconiq’s operation[5]. Iconiq hasn’t retained every customer. Twitter CEO Jack Dorsey — often cited as one of Iconiq’s most high-profile clients — discreetly ended most of his ties with the firm.

But according to Forbes[4] and Business insider,[6] ICONIQ Capital has served the following high net worth clients:

Facebook

Business

Entertainment


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  1. ↑ https://www.newcomer.co/p/inside-iconiq-capital-how-the-rich
  2. ↑ https://moneyinc.com/divesh-kanthylal-makan/
  3. ↑ https://fintecology.com/2021/03/12/inside-iconiq-how-mark-zuckerbergs-banker-built-a-secret-silicon-valley-empire-and-made-billions/
  4. ↑ 4.0 4.1 https://www.forbesindia.com/article/cross-border/how-divesh-makan-gained-entry-into-zuckerbergs-inner-circle/39295/1
  5. ↑ https://fintecology.com/2021/03/12/inside-iconiq-how-mark-zuckerbergs-banker-built-a-secret-silicon-valley-empire-and-made-billions/
  6. ↑ https://www.businessinsider.com/iconiq-capital-secret-client-list-tech-elites-celebrities-2021-3
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