Karp, a Palantir cofounder with a PhD in philosophy, opened the digital event roller skiing through a forest outfitted in exercise garb and goggles, and laid out what would remain his main argument throughout the 2-hour presentation: "Our business is just different than what you'll find in most software businesses.
For Palantir, which is eschewing a traditional IPO in favor of a directly listing, making a good first impression with investors is critical. Since investors — whether institutions or laypeople — buy shares directly from existing shareholders in a, it's important to get people hyped about the company, or the shares won't sell and the stock price will fall. Traditionally IPOs ensure against crashes by selling large chunks to institutional investors, who can stabilize the price.
Kevin Kawasaki, the company's head of business development, highlighted Palantir's 49% jump in revenue during the first half of 2020, compared with the period before, part of what he said was a trend of accelerating rate of growth revenue.Palantir works with private companies, like Chrysler, BP, and banks, and with government agencies, including the branches of the armed forces.
"Palantir builds stacks five to 10 years before the general public realizes that this way of looking at the world will literally save your institution," Karp said. "We compete against ... our customers' desire to build their own solution internally," Sankar said. Crises are "a tailwind for us because it means that the competitive alternative of building your own solution in three years or more, it's just not viable.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
SAI Short pitch
Peter Thiel's data-mining company is using War on Terror tools to track American citizens
richtechexec You've made a mistake, CEO says don't buy
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google invested in WhereIsMyTransport after seeing this pitch deck - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested.
Source: BusinessInsider - 🏆 729. / 51 Read more »
WHO: World must invest in public health to prepare for next pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. WHAT-WHATAN THISS!! 😱 When are they releasing the next virus? If the African government’s stop looting funds meant for the people mabe they can have the infrastructure they need to cope. But hey In this continent the governments just steal and use the easiest scape goat to cover up with the masses. Let’s just blame the white man.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Pitch deck: How Humanity, a healthtech app, raised a $2.5m seed round - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Investing outlook, how day traders are threatening to upend the market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
European enterprise investor Dawn Capital raises $400 million - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Value investors can improve their returns with these 4 steps, BofA says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😂 One minute it's dead, then when the tech market is up its not dead. Blah blah blah, when the bubble bursts, they will say the opposite. These 'strategists' and 'analysts' have one jib: go with the flow. Market up = good market down = bad, I was right. No original opinions.
Source: BusinessInsider - 🏆 729. / 51 Read more »