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How did Palantir get started?
Palantir developed its technology by computer scientists and analysts from intelligence agencies over three years, through pilots facilitated by In-Q-Tel. The company stated computers alone using artificial intelligence could not defeat an adaptive adversary.
What makes Pltr unique?
Product. PLTR’s Gotham and Foundry platforms are unique in that they are full-stack software platforms designed to be the operating system for the modern enterprise, and designed to exclusively for “alpha generation” (alpha means unique operational insights).
How did Joe Lonsdale make his money?
He worked for PayPal while studying at Stanford University. He co-founded the data company Palantir with Stephen Cohen and Peter Thiel in 2004. Five years later Lonsdale left the company to create the wealth management platform Addepar which is the now the chairman of.
When was 8vc founded?
2016
Eight Partners VC, LLC/Founded
What is Palantir Technologies?
(CNN Business) Palantir Technologies, the secretive data company best known for taking on controversial work for the US government, made its Wall Street debut Wednesday.
What was Palantir’s first day of trading like?
The stock closed its first day of trading at $9.50 a share — below its $10 opening price — but above the range at which the shares traded in in private hands in August ($7.31) and September ($9.17), according to the Wall Street Journal. Palantir’s financial results show big losses and modest — though promised increases — in revenue growth.
How did Palantir go public?
Following in the footsteps of Spotify and Slack, Palantir went public through a direct listing, meaning it did not rely on underwriters to assess demand and set a price. A direct listing only involves the sale of existing shares and no new capital is raised.
How many shares of Palantir stock will be available for sale?
Palantir said 475.8 million shares will be available for sale on the first day of trading. The challenge for Palantir is convincing investors that it’s more of a high-growth tech company than a low-margin consulting services firm.