Coatue isn’t just betting on AI through equity stakes anymore
We track every new Microsoft Dynamics 365 and NetSuite job posting across North America, every single day, and October gave us the clearest read yet on where this market is actually heading. The short version is that ERP hiring cooled about 11% from September. That headline is true, and it is also misleading. Almost the entire drop sits in the Dynamics implementation tracks, while NetSuite held flat and demand for senior, in-house talent stayed strong. Whether this market feels soft or busy right now depends entirely on which role you are trying to fill. I pulled the full track by track breakdown into this month’s DynamicsFocus Recruiting Report, and it is attached below. If you have a role that has been sitting open since the summer, I would genuinely love to hear what you have tried so far and am more than happy to schedule a 30 minute Teams call to share potential strategies to rectify the situation, no strings attached. #MicrosoftDynamics #D365 #Dynamics365 #NetSuite #ERP #NetSuiteRecruiting #MicrosoftDynamicsRecruiting #TalentMarket #Hiring #AIAgents
November 6, 2026
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For context: Coatue is a New York investment firm with roughly $50B in assets under management, known for its concentrated bets on technology. Its AI portfolio alone reads like a market map; major positions in Anthropic, OpenAI, xAI, and CoreWeave.
Julie Bort at TechCrunch reports that the firm has launched Next Frontier, a venture to buy up land near large power sources and convert those parcels into data centers. The original reporting comes from the Wall Street Journal, which notes Next Frontier has already inked a joint venture with Fluidstack, the cloud infrastructure startup behind a $50B build-out for Anthropic.
For PE/VC operating partners, the signal is worth noting. The smartest money in AI is now treating land, power, and physical infrastructure as the limiting factor; not chips or LLM models themselves.
That has real implications for portfolio companies whose ERP roadmaps assume cheap, abundant cloud capacity over the next 24 to 36 months.
Pew Research counts roughly 3,000 existing U.S. data centers with another 1,500 under construction, most of them in rural areas. The capacity story is going to reshape vendor pricing, regional hiring, and where the next wave of Dynamics 365 and NetSuite implementations actually land.
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