Rosita Returns, LLC is a New Hampshire Domestic Limited-Liability Company filed on July 17, 2019. "[8], Karp has said he successfully invested in startups and stocks after receiving an inheritance from his grandfather. The group formed Palantir, a technology company that specializes in data analytics. Disclosure: Palantir Technologies CEO Alexander Karp is a member of Axel Springer's shareholder committee. Palantir, the controversial big-data company, has filed to go public, launching its longtime CEO, Alex Karp, even further into the public eye. The company also employs human analysts to help interpret the information; this hybrid model has made the company more difficult for investors and banks to value through the years. Between the lines: Palantir joins Elon Musk's Tesla as high-profile companies are publicly considering leaving California. Palantir, the controversial big-data company, has filed to go public, launching its longtime CEO, Alex Karp, even further into the public eye. Karp is also a fitness and wellness fanatic who swims, meditates, and practices martial arts. Its products allow agencies to securely share, sort and interpret sensitive information from different sources in an efficient way. If you keep reading, you’ll learn 10 more things about him … Sign up to 10 Things in Tech You Need to Know Today. Both companies released their full financials this week. Look for Axios AM and PM in your inbox tomorrow or read the, Birx contradicts Trump in election eve memo urging coronavirus action, CDC says people with coronavirus can vote in person, Contact tracing efforts are falling apart, "I've had my favorite employees yell at me," he said. [20], Karp owns a property in Palo Alto, California, but currently lives in New Hampshire. It seems that the Philly-born mogul just hasn’t found the right person. It shifted from working for government customers to take on corporate clients in 2010, including BP, Airbus and Credit Suisse.

The address on file for this person is 111 Echo Ledge Road, Lyman, NH 03585 in Grafton County. In its regulatory filing, it disclosed a net loss of  nearly $580 million in 2019. Palantir was founded in 2003 in Silicon Valley, but CEO Alex Karp and the company's cofounder and chairman, investor Peter Thiel, have long criticized Silicon Valley. Since 2004, the company has been run by cofounder and CEO Alex Karp, an unusual and eccentric leader who pursued a Ph.D. in philosophy and invested on behalf of wealthy European clients before joining Palantir. But once you have the rules, you should do it efficiently and not waste billions of dollars.”. Palantir Technologies Inc., the data-mining company on the verge of going public, is moving to Denver, following a flight from Silicon Valley by … Palo Alto-based Palantir may leave #SiliconValley, according to CEO Alex Karp. Karp, meanwhile, has been conducting media interviews from a barn in New Hampshire, while Thiel moved to Los Angeles two years ago, citing Silicon Valley’s monocultural issue. All Rights Reserved, This is a BETA experience. He pursued a Ph.D. in philosophy before joining the startup and is recognizable by his wild hair and brightly colored athletic attire. “It’s actually a little bit said,” says Lonsdale, during an interview on Tuesday. He is not publicly dating anyone and he has never been married. Axel Springer owns Insider Inc, Business Insider's parent company. Here's how the 52-year-old Karp got his start, took the helm of the secretive startup, and built it into a multi-billion-dollar company that may be about to have one of the biggest IPOs of 2020. Is this Silicon Valley's zaniest exec? Palantir, the CIA-backed, Hobbit-inspired, probably-spying-on-you startup worth billions, has one hell of a leader. [11][22], "How A 'Deviant' Philosopher Built Palantir, A CIA-Funded Data-Mining Juggernaut", Alex Karp, unconventional purveyor of powerful surveillance tools, "Alex Karp, unconventional purveyor of powerful surveillance tools", "Alex Karp, CEO of Palantir Technologies", "The life and career of Alex Karp, the billionaire CEO who's taking Palantir public in what could be one of the biggest tech IPOs of the year", Medienkonzern: Friede Springer bringt Döpfner als ihren Nachfolger in Stellung, Karp resigns from the Supervisory Board of BASF SE, "Palantir Has a $20 Billion Valuation and a Bigger Problem: It Keeps Losing Money", "Silicon Valley Doesn't Like Trump. Palantir CEO Alexander Karp, who has called wealth “culturally corrosive,” owned 5.6% of the company before the offering, including vested options.

Though Palantir is based in Palo Alto, California, Karp often works out of a barn in New Hampshire. Karp, meanwhile, has been conducting media interviews from a barn in New Hampshire, while Thiel moved to Los Angeles two years ago, citing Silicon Valley’s monocultural issue. When asked why, he was quoted as saying, “I respect nothing about the dude.”. Karp registered 20.5 million shares in the offering, which means he may sell some or all of them in the offering, bringing in as much as $200 million or more, before taxes. Source: The Wall Street Journal, Forbes, Axel Springer, Source: USAspending.gov, Business Insider, The Wall Street Journal. The fact that there’s three of them is a really positive sign.”, Palantir has also gotten in hot water in the last few years over its work with government agencies, particularly its contracts with the Department of Homeland Security (DHS) and Immigration and Customs Enforcement Agency (ICE). Palantir did not answer questions from Forbes regarding Karp’s and Thiel’s ownership stakes, citing regulations with the SEC. Named after a fictional mysterious orb in J.R.R. It wasn’t until 2004, when he joined with fellow investors Peter Thiel (who was also Karp's college roommate), Joe Lonsdale, and Stephen Cohen, that he decided to put that money to real work, on something important. Details: Asana was founded by Facebook co-founder Dustin Moskovitz in 2008; Palantir was founded by Facebook investor and board member Peter Thiel in 2003. Company Information: Company Name: ROSITA RETURNS, LLC: File Number: 823566: Filing State: New Hampshire (NH) Filing Status: Good Standing: Filing Date: July 17, 2019: Company Age: 1 Year 3 Months: Registered Agent: Frontyard Law, PLLC 53 Technology Lane Suite 110 Conway, NH 03818-0386 : Principal Address: 111echo Ledge Road Lyman, NH 03585: … Karp, who joined as CEO in 2004, is known as an unusual leader, even by Silicon Valley standards. Forbes first called Karp a billionaire in 2015, when Palantir raised $400 million at a $15 billion valuation; Karp owned an estimated 8% of the company at that time.

Alex Karp is a self-described socialist with progressive, democratic ideals. As with the other billionaires on this list, there’s no doubt that Karp’s continued success might eventually shed more light on his private affairs. What do you know about Alex Karp, the billionaire who graduated from high school in Pennsylvania in 1985 and went on to become the founder and CEO of Palantir Technologies, a firm that mainly deals with software? Alex Karp has a staggering net worth of around $1.3 Billion as of August 2020.His net assets have fluctuated over time. “If it was me, I might have changed [the rules] slightly [with] how much they could sell while still being fully in charge of it,” Lonsdale tells Forbes. If I had to guess, I would guess something like Colorado.". Since then, the valuation has likely dropped to between $8 billion and $12 billion as heavily discounted shares hit secondary markets. Days before its direct listing, Amnesty International, a human rights organization, published a report detailing the company’s involvement in problematic immigration incidences, and stated that Palantir “has a responsibility to avoid causing or contributing to human rights.”, But Lonsdale says that it is not Palantir’s role to change policy or dictate what kind of work a government agency performs. Though Palantir is based in Palo Alto, California, Karp often works out of a barn in New Hampshire. Your morning cheat sheet to get you caught up on what you need to know in tech. "I’m not worried about Elon leaving … In the past he has advocated for a “fair but rigorous immigration policy” in the U.S. Nevertheless, he also believes that technology companies like Palantir have an obligation to support the U.S. military. A leading-edge research firm focused on digital transformation. The company's filing status is listed as Good Standing and its File Number is 823566. Palantir was founded in 2003 in Silicon Valley, but CEO Alex Karp and the company's cofounder and chairman, investor Peter Thiel, have long criticized Silicon Valley. ", "The most valid criticism that they have is, essentially, that if you are involved in anything, that one instance of injustice, does it tarnish all instances of justice? The company documents filed with the Securities and Exchange Commission also reveal a complicated arrangement among Thiel, Karp and Palantir President Stephen Cohen, giving the three executives an aggregate minimum of 49.9% voting control, even if they sell a significant amount of shares. In a direct listing, the company does not raise funds for itself. Critics claim that these agencies have used Palantir technology to conduct raids on migrants and, in some cases, forcefully separate parents from their children.

Connect with friends faster than ever with the new Facebook app. Though Palantir is based in Palo Alto, California, Karp often works out of a barn in New Hampshire. Since 2004, the company has been run by cofounder and CEO Alex Karp, an unusual and eccentric leader who pursued a Ph.D. in philosophy and invested on behalf of wealthy European clients before joining Palantir.

“I have a party tonight for some people to celebrate, and half the people I built the company with have already moved.”, [Update: This story has been updated to say that Joe Lonsdale's stake in Palantir is owned by him, not by his venture capital firm. Who or what does someone as wealthy as Alex Karp hold dear? Some of Karp's own staff were unhappy with Palantir signing a contract with Immigration and Customs Enforcement, he told "Axios on HBO.". The big picture: Karp blamed the "increasing intolerance and monoculture" of Silicon Valley. Alexander Karp (born October 2, 1967) is an American billionaire businessman who is the co-founder and CEO of the software firm Palantir Technologies. Take a closer look at how it makes money, Palantir, the secretive and controversial big data company, announced on Monday that it had. It’s not clear yet whether all 62 million shares will be sold on Wednesday. That relationship seems to be at odds with Karp's progressive ideals. Once one of the world’s most valuable startups — fetching a $20 billion valuation in 2016 — Palantir Technologies disclosed 2019 revenues of $742.6 million, a 25% increase from the previous year. ", "Palantir CEO hits Silicon Valley "monoculture," may leave California", "Palantir CEO says startup may leave Silicon Valley due to 'monoculture, https://en.wikipedia.org/w/index.php?title=Alex_Karp&oldid=986461909, American business biography, 1960s birth stubs, Creative Commons Attribution-ShareAlike License, This page was last edited on 1 November 2020, at 00:45.

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