Looking objectively at Palantir

Tesla Model 3
Oct 17, 2017 27 Comments

Recently Palantir's image has clearly fallen quite a bit amongst engineers. Their IPO plans are unclear, and their valuation hasn't budged since 2015.

That being said, they're doing pretty well financially and are starting to see some pretty substantial adoption across government and enterprise. Their play has always been a long term one, and it seems like they're growing in to the potential that people saw in them c. 2013. The work is interesting, and many people there seem genuinely happy.

What do you all think about the future of the company? Here are three options in my mind:

1. the community criticism will catch up to them, and they will work to remedy the negative image they have started to gain in the eyes of valley engineers. (ie: they'll pay more base salary, hire more senior engineers, reduce the percentage of FDE staff, improve recruiting process, etc). Once they start doing this their brand will begin to improve.

2. their glory days are forever behind them, and they will slowly fade into obscurity.

3. they will continue to be profitable, and continue to grow. However they will never regain the shine they had in 2013 and struggle to ever again recruit top talent.

What do you all think?

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TOP 27 Comments
  • Facebook / Eng whydoe
    3
    Oct 17, 2017 0
  • Two Sigma / Eng Yh737$
    3. They still need a lot of FDE’s but now everyone knows work life and culture are lacking.
    Oct 18, 2017 0
  • SEVENROOMS / Eng
    DEADB33F

    SEVENROOMS Eng

    PRE
    Amazon
    DEADB33Fmore
    And being a top company means something different to new grads than it does for people with some experience.
    Oct 21, 2017 7
    • SEVENROOMS / Eng
      DEADB33F

      SEVENROOMS Eng

      PRE
      Amazon
      DEADB33Fmore
      In terms of compensation, it's whoever pays the most which is why Google, FB, etc. come to mind.
      Oct 21, 2017
    • SEVENROOMS / Eng
      DEADB33F

      SEVENROOMS Eng

      PRE
      Amazon
      DEADB33Fmore
      Hell, have you seen the some of cool stuff that comes out of defense contractors? That's just what they can publicly show.
      Oct 21, 2017
    • New / Eng
      palindrone

      New Eng

      BIO
      Amazon intern
      palindronemore
      Yeah im aware. But defense contractors dont have the greatest working conditions or pay.

      Also isnt Amazon one too?
      Oct 21, 2017
    • SEVENROOMS / Eng
      DEADB33F

      SEVENROOMS Eng

      PRE
      Amazon
      DEADB33Fmore
      Not really. Not for a long time at least.
      Oct 21, 2017
    • WRKSHP / Eng
      Back when I was a student, Google and palantir were indisputably the top 2 most prestigious companies simply because of the difficulty of questions and the pay.
      Oct 22, 2017
  • Amazon / Eng Blah-blah
    They have said that they will never go public.

    They are same tier as spacex/kinda tesla (tesla is at least public so at least they can sell stock).

    You get less base and less stock (which you cannot liquidate unless you are at tesla) and work double the hours.

    Pretty much the only reason to work at these companies is if you totally believe in their mission or cannot get a better offer.
    Oct 17, 2017 6
    • Palantir mic2017
      Not subpar pay
      Oct 18, 2017
    • Amazon / Eng Blah-blah
      Whats your comp and level/years of experience

      Also, how do you liquidate your stock?
      Oct 18, 2017
    • Palantir QWERTY key
      5yrs - 190k base - 20k bonus - ~$150k options vesting per year (current - strike). we have liquidation events every 18 months where you can liquidate 10% or 300k whichever is less.
      Oct 20, 2017
    • Palantir / Eng nqTK63
      this (and also my comp as well) definitely sound subpar
      Oct 23, 2017
    • Palantir / Eng Craybess
      Strikes were at 2.70 5 years ago, now they are at 7.40, you are vesting like 32k shares a year?
      Oct 23, 2017
  • SEVENROOMS / Eng
    DEADB33F

    SEVENROOMS Eng

    PRE
    Amazon
    DEADB33Fmore
    Palantir never struck me as anything particulary special from a company standpoint. At the end of the day, they are to operations research ...err... data science what McKinsey is to strategy and Thoughtworks is to general software. They need name brand diplomas and devs to justify the high price of their services. If you were a CocaCola, who would you have more faith in consulting you? The CS grad from MIT who interned at Google or Joe Six-pack with 10 years of consulting experience?
    Oct 21, 2017 0
  • Palantir mic2017
    3 - think we already moved towards more comp, but don't think will go much more in that direction
    Oct 18, 2017 0
  • Palantir / Eng FyzG24
    I think theyre doing their best to be 1, but were still closer to 3. Base pay is good, I haven't seen recruiting issues at all, and the ratio of FDEs to Devs seems to be pretty reasonable right now given where the company's business is. That said, theyre not doing much to improve their recognition throughout the valley, and I don't see a lot of senior hires.
    Oct 18, 2017 5
    • Palantir / Eng nqTK63
      Didn't palantir only hire 10% of the industry devs they planned to hire? I thought recruiting was one of the biggest problems.
      Oct 19, 2017
    • Palantir / Eng FyzG24
      Interesting, I hadn't seen that data before. It seems were surging pretty hard on recruiting, but I do see a lot of new grads in the pipeline and not many industry hires.
      Oct 19, 2017
    • Palantir / Eng yOgQ81
      Agreed that we're not hiring enough industry hires. I am curious whether this is due to our bad pr in the valley (as evident on Blind) or if the comp packages aren't good enough compared to other companies
      Oct 20, 2017
    • Palantir QWERTY key
      There seem to be more experience coming in from Seattle and Europe office. Shire is still mostly new grad.
      Oct 20, 2017
    • Palantir / Eng nqTK63
      Palantir’s compensation package is pretty much the same everywhere and most industry hires come from places where average comp is low. I think that answers the ‘why’ question.
      Oct 20, 2017
  • Palantir / Eng nqTK63
    3. while it doesn't seem to be too late for the first option I can't really see anything happening in that direction.
    Oct 18, 2017 0
  • Advisory / Eng chrischuck
    3
    Oct 18, 2017 0

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