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I don't think that, strictly speaking, Palantir "needs" more cash. However, it puts them in a more secure position grow aggressively, even if markets take a hi
by ryporter 11y ago
I don't think that, strictly speaking, Palantir "needs" more cash. However, it puts them in a more secure position grow aggressively, even if markets take a hit in 2016.
Contrasting them to Atlassian, Palantir is much more ambitious. While they are best known for their government work, they are now far more than a government contractor. They have very strongly expanded to into many different other fields, and aim to be the data analysis leader, period. In that sense, they are a more scalable business.
To be clear, I'm certainly not saying that Palantir's approach is any way superior. It is certainly more risky. My point is that, while Atlassian is steadily profitable, Palantir is pursuing a path of "Go big, or go home." Raising more money lowers the chance of "going home."
(Disclosure: I worked at Palantir from '06-'08. Everything I post about them is my own opinion based on publicly disclosed facts.)