The ownership structure is designed to make sure the “god group” has a say in things Palantirian. The term appears to be forever. That seems reasonable when climate change, financial pressure, and the Rona are rampant.
Palantir: Stakeholders May Know Whom to Blame If Money Does Not Flow
August 25, 2020
Another Palantir technologies item. Is it accurate? Who knows. But I found “Palantir Targeting 3 Class Voting Structure According to Leaked S-1, Giving Founders 49.999999% Control in Perpetuity” fun reading. The write up states:
Wow, this is a really complicated ownership structure.
Okay, I understand. Just as in the Great Chain of Being, there is “god” or in this case a “god group” at the top. In the middle are the people who do knowledge work for the “god group.” At the bottom are the worker bees.
The ownership structure is designed to make sure the “god group” has a say in things Palantirian.
Observations:
- Investors know whom to invite to a meeting if the Palantirians’ numbers don’t materialize. Will the “god group” show up for that chit chat? Unlikely. Their lawyers, for sure.
- Who leaked this document? Why? Under what circumstances? Is anyone “looking” into this referenced confidential S-1 filing? Peter Thiel, a big dog, must be really thrilled with the leaker, the leaked info, and the outfit disseminating confidential information.
- Will the complicated structure work as well as Mark Zuckerberg’s set up? Mr. Zuckerberg has more customers, multiple revenue opportunities, and billions of people. So, probably not as the Palentirians hope.
It is worth monitoring the situation.
Stephen E Arnold, August 25, 2020
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