How long is Palantir's runway?
They've never been profitable, with flat revenue and no prospect of making money in the foreseeable future. Their valuation is now down 80% to 4.4 billion (per https://www.bloomberg.com/news/articles/2018-09-04/morgan-stanley-s-long-romance-of-palantir-pays-off-as-ipo-nears ).
When you join a Pre-IPO company, you assume the risk of uncertain returns on equity grant. Have you heard the name Theranos? But yes, it is shitty when that actually happens. That is why is always a good idea to negotiate a decent base salary.
When I interviewed with Palantir, they told me the CEO had no intention of taking the company public.
I thought they turned a profit recently?
OP, can you delete the ) At the end? Causing the link to include it and returning 404. https://www.bloomberg.com/news/articles/2018-09-04/morgan-stanley-s-long-romance-of-palantir-pays-off-as-ipo-nears
Any company older than 5 years is over-the-hill in the startup space, this is why the Palantir IPO will be such a huge disappointment to employees. Know this and make your career choices with this in mind.
Holy shit that's bad. They still give options instead of RSUs. That means the stock of anyone who joined since 2015 is worthless, because they've still been granting them at a 10b+ valuation.
The scam is worth plenty to the founders of the company getting work for a discount by giving our worthless options. But yes, bad.