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I do tech screens at Google. AMA
Hi 👋 I’ll be holding your bags for a while
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Bought 5k stocks at 9.3. Will hold for longterm
Palantir IPO is a disaster!. I know two people who joined Palantir (one in 2010 and one in 2014). They have about ~600K and ~250K in options respectively (a conservative high-end estimate actually) with varying strike prices. Strike price in 2010 was under a dollar and in late 2014, it was close to $6. So you can see that they really didn't much money. Palantir had a shit base pay (like ridiculously low for bay area standards). Both the people i know were not entry-level engineers; I would say majority of the folks got fucked!
Can you please finish the math for us?
So basically, assuming $5 average strike joining around 2010 $600k / $5 strike = 120k shares Value @ IPO = 120k * $10 = $1.2M Total Profit = 1.2M - 600k = $600k If joining around 2014 with $250k options, estimate profit about $250k. Is my math right?
It was a successful DPO from employee’s standpoint. Palantir base is no longer shit and the options were restruck earlier this year which more than made up for muted reception. In my opinion, Palantir is more reasonably valued company in comparison to other software companies with plenty of opportunities for upside from here.
How vulnerable Palantir’s revenue under Dems who are likely to win next month?
50% revenue from govt ops and us gov is only 1 of the many customers( yes a significant one). But I don't think thier current revs will be impacted. More growth w.r.t us govt contract might.
They could initially only sell 20% of what they are holding... so all the folks I know, past & present there, are pretty much using this to pay bills, buy a new car, etc.
How about amazon millionaires?
Hope you all are looking at moving some of those stocks over into a Donor Advised Fund.
And were you eventually able to access the Morgan Stanley trading platform you needed to actually unload your stock?
Lockup period so no unloading yet afaik
This one was handled differently (and ethically). Current shareholders are permitted to sell up to 20% of shares during the lockup.