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Palantir S-1
- etc-hosts 6y agoI enjoyed listening to https://player.fm/series/this-machine-kills/ep-5-the-palantir-reformation https://player.fm/series/this-machine-kills/ep-5-the-palanti...
- marricks 6y agoI don't remember ever seeing this many S-1 listings on HN. Are they just a new thing? Did I miss them before? Is there something large happening in the market? EDIT: - If this first ddg result is to be believed there are 20% more IPOs than last year https://stockanalysis.com/ipos/2020-list/ https://stockanalysis.com/ipos/2020-list/ - There's actually a thread on this, so perhaps downvote this and read/comment/speculate there https://news.ycombinator.com/item?id=24265456 https://news.ycombinator.com/item?id=24265456
- boromi 6y agoagreed, what's going on? Cash in before second long term crash/recession?
- marricks 6y agoThat's what someone suggested on one of yesterday's IPO listings. A massive stock crash seems, uh, reasonable to expect. If owners are cashing out before things go south seems reasonable. Also depressing. I've been really reminded of the Big Short, housing market shot up before the big crash so others would be left holding the bag... musical chairs isn't just for preschoolers I guess.
- mmm_grayons 6y agoCompanies need capital? Just a guess, but this seems like a time when they might be running a little short.
- tinyhouse 6y agoWondering the same thing! And where's AirBNB in this.
- toomuchtodo 6y agohttps://news.ycombinator.com/item?id=24216111 https://news.ycombinator.com/item?id=24216111
- ladberg 6y agoI was wondering that too and got some good answers: https://news.ycombinator.com/item?id=24265456 https://news.ycombinator.com/item?id=24265456
- enahs-sf 6y agoI think getting listed before the uncertainty of the election might have something to do with it?
- vosper 6y agoI've seen a theory that companies are trying to get IPO'd now, in anticipation of a weaker market in the future. I think this theory tends to be based on the idea that the current state of the stock market does not reflect reality for many businesses (and the economy as a whole), nor their future prospects, and that a correction is imminent. Obviously this is speculation, but it's interesting because someone probably does know - there's probably some overlap in the advisory banks for these IPOs, and they must have some idea of the thinking of the executive teams of these companies.
- ndm000 6y agoMy thoughts exactly. I wonder if businesses are looking for or needing funding, and the stock market is the one place that looks fine.
- janhenr 6y agoSomething is definitely moving in the market. A lot of these IPOs (Unity, Palantir, AirBnB, etc.) were highly anticipated months back already.
- eindiran 6y agoThere was a good thread yesterday that covers some possible reasons: https://news.ycombinator.com/item?id=24265456 https://news.ycombinator.com/item?id=24265456 One explanation that was offered was that there are a ton of IPOs all the time: https://www.nasdaq.com/market-activity/ipos https://www.nasdaq.com/market-activity/ipos These just made it on to HN as there were some big names in the mix (Asana, AirBnB, Unity, SumoLogic, Snowflake, Palantir, etc). Now, its not clear to me why all of these larger tech companies are going for it this week however...
- H8crilA 6y agoThere's a lot of filings nearly every week nearly all the time. What has changed is the composition, that is there's far more "tech". Do you recognize even half of those? And this is just one exchange in one country. https://www.nasdaq.com/market-activity/ipos https://www.nasdaq.com/market-activity/ipos
- marricks 6y agoApparently there are ~20% more IPO's than last year. https://stockanalysis.com/ipos/2020-list/ https://stockanalysis.com/ipos/2020-list/ So if there are more IPOs and more tech IPOs that's kinda weird on weird.
- hrpnk 6y agoThere are also lots of SPACs (Special Purpose Acquisition Companies), like 27 of them just in August. A simple way of entering public markets bypassing the regular IPO path and required filings.
- vmception 6y agoThe issuers doing S-1's are just of public interest and in the same circuit of companies that many people on HN consider joining or use the tools of. As such, many people have been interested in their shares being publicly traded for a long time. IPOs have become less common due to regulations as well as adequate growth of the private secondary market following more coordination by accredited investors, but they used to be 3x more common and at much lower valuations.
- outside1234 6y agoTrying to get out for the payday before the economy totally tanks (T-1 months)
- outworlder 6y agoIt is probably not going to crash before the election - although there could be temporary dips. Unless the October surprise turns out to be particularly dire. After the election, it probably will. No matter the result.
- tempsy 6y agolook at the stock market - never in history have we ever reached new all time highs that keep getting smashed every day during a recession. the Federal Reserve printed trillions over last 5 months to save the markets. now we just have to wait and see what the “cost” of it all is because we’re all treating it as a free lunch
- chromedev 6y agoThe stock market numbers have been pumped up for years now, and how convenient they are planning on the crash right after elections
- allie1 6y agoS-1 is the new Show NH
- shajznnckfke 6y agoReally though, S-1 is the old Show HN. In the dot com bubble, companies would go public before they built the product. The only company I heard of doing that recently was Nikola, and they didn’t go through the IPO process.
- allie1 6y agoAbsolutely, I doubt any company that is convinced their IPO would be oversubscribed is going to avoid it.
- jacobwilliamroy 6y agoTHE BANKS ARE ROSY AND THE MARKETS DOING FINE PAY NO ATTENTION TO THE TRILLIONS OF DOLLARS IN GOVERNMENT SUBSIDIES BEHIND THE CURTAIN Also Palantir specializes in security right? Societies collapsing so arms dealers, network security, surveillance companies are making a killing right now. Home depots doing good too now that everyone's building their own tombs- I mean uh.. bunkers.
- beervirus 6y agoGotta cash out before the fall/winter wave of covid lets everyone know that the economy is not actually back to normal.
- theptip 6y agoSee this economist article with some analysis of the numbers: https://www.economist.com/business/2020/08/22/initial-public-offerings-are-back-in-silicon-valley https://www.economist.com/business/2020/08/22/initial-public... (Discussed recently: https://news.ycombinator.com/item?id=24232199 https://news.ycombinator.com/item?id=24232199) TLDR, comparing the year-to-date, tech IPOs are on the high end historically, but not outlying the historical range (I make it just in the top quartile for IPO count). Considering all IPOs (tech and non-tech) though, there are more than any time in the last 15 years. So yes there are more IPOs, but that doesn't explain why there are more tech IPOs being posted on HN.
- refurb 6y agoYou should see what's happening in the biotech sector. This will be a record year with 40+ IPOs.
- HenryKissinger 6y agoNot a lawyer. What % of the body of text for a S-1 is standardized and copy pasted from a template? Just curious.
- throwawaycow 6y agoSimilar structure usually, here's a few others by Wilson Sonsini: - Palantir: https://www.sec.gov/Archives/edgar/data/1321655/000119312520230013/d904406ds1.htm https://www.sec.gov/Archives/edgar/data/1321655/000119312520... - Cloudflare: https://www.sec.gov/Archives/edgar/data/1477333/000119312519222176/d735023ds1.htm https://www.sec.gov/Archives/edgar/data/1477333/000119312519... - Zoom: https://www.sec.gov/Archives/edgar/data/1585521/000119312519099813/d642624ds1a.htm https://www.sec.gov/Archives/edgar/data/1585521/000119312519...
- hrpnk 6y agoThe statements on never having paid and not intending to pay dividends is definitely a copy-paste :) I find the links in the summary to be valuable to check: letter from founders, use of proceeds, executive compensation, and summary with revenue&profit numbers. The CureVac S-1 [1] had lots of interesting details on the unique technology, methods, approach and early results, etc. [1] https://www.sec.gov/Archives/edgar/data/1809122/000110465920086354/tm2016252-11_f1.htm https://www.sec.gov/Archives/edgar/data/1809122/000110465920...
- pottertheotter 6y agoNot a lawyer but was an investment banker and took a few companies public. There's a lot that is standardized to start with (at least within a firm), but gets heavily modified as necessary for the company. A draft is created, and then the company's executives, their legal, the accountants, investment bankers, and investment banker's legal all get in a room and go page by page through the document for several days. The legal team stays up late making the edits each night. Then it gets submitted to the SEC for review, and you get comments from them that have to be addressed. You submit the revised document with responses to their comments and keep doing that until the SEC has no comments.
- koverda 6y agoDefinitely seems like these companies are trying to cash in before the coming crash.
- HenryKissinger 6y ago2022: "Taking Palantir private for $420 a share. Funding secured."
- taurath 6y agoLooks like they’re trying to capitalize on the COVID bump. Only 250 customers? They’re at the mercy of probably 5 of them.
- koverda 6y ago250 customers and hundreds of millions in losses.
- cheez 6y agoPalantir is basically a private arm of multiple levels of governments.
- tyre 6y agoFrom a TechCrunch piece[0] a few days ago based on leaked financials: > The company’s top three customers — which aren’t disclosed — together represented 28% of the company’s revenue for 2019. Its top twenty customers represented 67% of total revenues, with each one of those customers averaging $24.8 million in revenue. [0]: https://techcrunch.com/2020/08/21/leaked-palantir-s-1-shows-company-has-125-customers-after-17-years/ https://techcrunch.com/2020/08/21/leaked-palantir-s-1-shows-...
- paulgb 6y agoMore details in the S-1: > Our top three customers together accounted for 33% and 28% of our revenue for the years ended December 31, 2018 and 2019, respectively, and 31% and 29% of our revenue for the six months ended June 30, 2019 and 2020, respectively.
- vasco 6y agoThis probably assumes customers as the DoD as one single entity, when in fact they probably have dozens of individual contracts from different sub departments and with different timelines. Which makes it very different from the typical SaaS where the top costumer can just unsubscribe.
- tyre 6y ago
- alex_young 6y agoHoly cow. They lost a net of $579M last year.
- TrevorAustin 6y ago[edit]
- boltzmann_ 6y agoonly?
- tyre 6y agoI think they mean that bringing in $742M and losing $579M is a pretty terrible ratio. The raw numbers are large, but looking at dollars in vs. dollars out, you're damn far from making any money.
- amathyst 6y agoI heard from some friends that work there that over the last two years, they have been offering very large discounts on 5+ year deals if they were paid for upfront. One can assume that this is to shift revenue into the pre-IPO financial years so they can show this level of growth in their S-1
- paulgb 6y agoMinor nit: this would increase cash flow but not revenue, which has to be recognized when it is earned rather than when it is paid.
- amathyst 6y agoThanks. For my understanding, what’s the standard definition of “when it is earned”? If it’s a 5 year contract must all revenue associated with that contract be spread across all 5 years?
- throwawaycow 6y agoThese financials are awful for a software business. Gross margin of 67%, even with pilot costs lumped into Sales&Marketing. If you add these pilot costs to COR, you'd get better numbers manufacturing furniture. -- 2019 Financials ('000s) Revenue: 742,555 Cost of Revenue: 242,373 Gross Profit: 500,182 Sales and Marketing: 450,120 -- Sales and Marketing includes pilot costs "Sales and marketing costs primarily include salaries, stock-based compensation expense, and benefits for personnel involved in executing on pilots and performing other brand building activities, as well as third-party cloud hosting services for our pilots, marketing and sales event-related costs, and allocated overhead. The Company generally charges all such costs to sales and marketing expense in the period incurred."
- hrpnk 6y agoAt least it's marketing financed by profit. The other filings (e.g. Asana) showed marketing costs equal to 100% revenue or higher...
- throwawaycow 6y agoAsana's is better: - 86% gross margins (122,725 / 142,606) - 86% YoY rev growth (76,770 to 142,606) - 75k paying customers (easy come, easy go) - one-off sale pitches vs one-off lines of code https://www.sec.gov/Archives/edgar/data/1477720/000119312520228462/d855753ds1.htm#fin855753_3 https://www.sec.gov/Archives/edgar/data/1477720/000119312520...
- nv-vn 6y agoAsana's financials are way worse. The margins and revenue growth are useless when they spent 87% of profit on marketing for the last quarter. It seems like it's extremely expensive for them to make new sales and probably not cheap to retain current sales. And even when you take away ALL of those costs, they would have earned less than 1/4 million in the last quarter. If you look at the picture for the whole year it's even more ridiculous -- they would've shown a loss of $14 million in EBITDA if you REMOVED all of their marketing. I really doubt that they'll be able to turn that ship around with any amount of growth considering how much the marketing expenses have grown (36% vs. average of FY2019, or almost 100% y/y).
- undefined1 6y agoThe intro (letter from the CEO) is interesting, distancing themselves from Silicon Valley: "The engineering elite of Silicon Valley may know more than most about building software. But they do not know more about how society should be organized or what justice requires. Our company was founded in Silicon Valley. But we seem to share fewer and fewer of the technology sector’s values and commitments. From the start, we have repeatedly turned down opportunities to sell, collect, or mine data. Other technology companies, including some of the largest in the world, have built their entire businesses on doing just that. Software projects with our nation’s defense and intelligence agencies, whose missions are to keep us safe, have become controversial, while companies built on advertising dollars are commonplace. For many consumer internet companies, our thoughts and inclinations, behaviors and browsing habits, are the product for sale. The slogans and marketing of many of the Valley’s largest technology firms attempt to obscure this simple fact."
- ptmcc 6y agoIsn't their entire business based on collecting, mining, and selling data to government intelligence agencies?
- amathyst 6y agoIt’s not. They don’t have any data of their own. They offer a data integration platform and then a slate of apps on top of that platform for institutions to perform analysis on their own data. They do make a few plugins that mine social media and other “open” sources but have to do a funny ownership dance so it’s the institution that is breaching the TOS rather than them.
- NeutronStar 6y agoOk, but the problem is aggregating all of the data under 1 platform. Whether you own the data or not isn't relevant when you still have access and show that data to your users.
- ptmcc 6y ago> a funny ownership dance Oh well ok then, they don't do any data collection or mining, they just sell the tools to empower three-letter agencies to do it more effectively. Conscience is clear then!
- refurb 6y agoThe CEO's salary is nothing to sneeze at: - $2.2M in salary ($225k base + "stipend" + "parental benefit" + "salary adjustment") - Bonus of $21k (?) - $2.5M in stock - $11.3M in options - $25k in "other compensation) All total $16M. The COO got $26M. This is all "compensation paid for the year ended Dec 31, 2019".
- CamelCaseName 6y agoIt's pretty reasonable for a CEO of a company this size to earn that much, especially when >70% of that compensation is in options. Doubly so when the core business driver is government connections.
- refurb 6y agoI misinterpreted the value - I assume those were options granted in 2019, but it's not. It looks like he got options in 2015 at a strike price of $7.05. Those were canceled and he got a new stock option grant in 2019 at a strike price of $6.03. So the $11M is the incremental increase in value of the new options versus the old options. "The amount reflects the incremental increase in the fair value of the stock option to purchase 12,401,568 shares of our Class B common stock originally granted to Mr. Cohen in August 2015 with an exercise price of $7.05 per share arising from the cancellation of such stock option in exchange for the grant of a new stock option with an exercise price of $6.03 per share on November 6, 2019"
- yibg 6y agoSnowflake executive compensation is even more eye watering. But yea seems like a non trivial portion of the total company revenue.
- nv-vn 6y agoWow that is just insane, 38% of revenue in 2019 for just 4 executives at Snowflake... how the hell do they justify that?
- 6y ago
- skosuri 6y agoClass F stock has a variable number of votes? Is that a standard way to keep control amongst the founders?
- stu2b50 6y agoNo, it's pretty novel. The big 3 perpetually have 49.9% voting rights.
- filleokus 6y agoOT but: If this wave of (interesting to HN) IPO filings continue, someone ought to create something to make these documents a bit more readable. Some snazzy CSS selectors + js magic + pdf.js something something perhaps? Because SEC doesn't provide nice PDF's, right? I haven't found anything at least.
- awad 6y agoI've never seen one, and at this point have gotten so used to finding what I want that it has never occurred to me, but this seems like a nice little bookmarklet idea.
- scott31 6y agoTbh entire S-1 file should be a json document with some defined schema (or XML if you are into retro computing)
- nv-vn 6y agoI know for earnings reports the SEC uploads XBRL documents to EDGAR. Weird that they don't do the same for S-1s.
- filleokus 6y agoApparently that's voluntary for IPO S-1s [0]: > Financial statements in XBRL also are required as exhibits to Securities Act registration statements that contain financial statements, such as Form S-1 (except registration statements filed in connection with an initial public offering). And by the looks of the search result pages for Apple [1] and Palantir [2], it looks like they haven't filed it that way (the "Interactive Data" label is missing): [0]: https://www.sec.gov/rules/final/2018/33-10514.pdf https://www.sec.gov/rules/final/2018/33-10514.pdf [1]: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000320193&owner=exclude&count=40&hidefilings=0 https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&C... [2]: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001321655&owner=exclude&count=40&hidefilings=0 https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&C...
- codereflection 6y agoMy employer was a customer of theirs for a few years. Horrible service, our support pushed down in favor of their government contracts, etc. Grapevine says that they do some pretty shady stuff for the gov as well.
- chromedev 6y agoWith all these companies going public it is obvious they are planning for a crash after the election
- deleted 6y ago[deleted]
- howmayiannoyyou 6y agoThis shouldn't have been downvoted and here is why: there is a mad dash for liquidity by corporations who expect to have cash problems Q42020 through ??. You're seeing it in S1's, credit-line drawdowns and bond issuance. An infrastructure bill was badly needed in Q2/Q3 to have impact in time. As it stands now it will hit too late and another round of USGOB aid will be needed by companies small and large. This will happen regardless the extent of fall and winter quarantine needs. The inability of Congress and the White House to put politics aside is going to cost American workers and companies dearly. It will not have been worth the political gains either side expects. There was never a time in this Country's history that bipartisanship was this needed, at least since WWII. The failure defies words because even in less critical times names like Baker, Johnson, Dole, Rayburn, O'Neill, Rostenkowski and others - some corrupt - put self-interest aside briefly to conduct the country's business. We are to blame by the way. The HN community is comprised of many bright, successful and/or wise folks from all political spectrums. We're either caught in the partisanship, or we're silent and checked out.
- herpderperator 6y agoThis might be a stupid question, but how long does it take to write an S-1 prospectus, and how many people are generally involved? They are always so long and with tiny font!
- nv-vn 6y agoI'd guess that a lot of the delay comes from auditing and then getting someone at the SEC to actually read your filing before publishing it. In terms of how many people are involved, this might help give you an idea: "We have engaged Morgan Stanley & Co. LLC (“Morgan Stanley”), Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Allen & Company LLC, RBC Capital Markets, LLC, Citigroup Global Markets Inc., Jefferies LLC, HSBC Securities (USA), Inc., SG Americas Securities, LLC, CIBC World Markets Corp., Scotia Capital (USA) Inc., and MUFG Securities Americas Inc. as our financial advisors."
- jpeg_hero 6y agoNot a stupid question, it's basically the job of the Investment Bank to help company management, the auditors and company lawyers to pull it all together. It's one of the main things they hang their traditional 7% fee on. I'd say in a good process the company would take a year or two of clean up and positioning of the financials and the corporation and then solid 6 months with the bankers (and accountants and lawyers) of drafting "the story" and getting all the boilerplate together.
- supernova87a 6y agoThe important thing to realize is that they're a services company, not a software company. A services company that has lots of people who use software to deliver (somewhat) useful conclusions from data. I don't think they'll ever be "stamping out software" with its associated margins like a SaaS or traditional software company.
- boardwaalk 6y agoSlightly OT, but I'd love to have a "tweakable" mutual fund. I'd love to cut out companies like Palantir and Facebook and sectors like O&G from my primarily index-based portfolio. Without being stuck with other people's decisions (and high ER) in an ESG fund or managing a whole bunch of individual stocks. I suppose there must be a reason why we don't.
- selectodude 6y ago>I suppose there must be a reason why we don't. Because you're asking your portfolio manager to make you a custom index fund. The whole point of an index fund is to spread risk among lots of companies and sell fragments of that risk to lots of people. You can make your own custom index fund, it's called buying a share of every stock other than the ones you don't want.
- Judson 6y agoSomething like M1 Finance 'pies' could work, but still looks a lot like 'managing a whole bunch of individual stocks'
- pb7 6y agoComplexity. Indexes are easy to manage. You could short them to the same weighted percentage that they exist in the index but that's of course not completely simple and you have to pay fees for the shorted stock. If O&G had a convenient ETF (I don't know if there is or not, I imagine there is), you could short that rather than individual companies. Shorting Facebook would be... interesting for your returns.
- huac 6y agoPeople want ESG, but turns out they want returns too.
- tedunangst 6y agoBuy a normal fund, short the parts you don't like in equal proportion.
- fishpen0 6y ago
- abuckenheimer 6y agoIt's interesting to compare palantir's risk factor on open source vs pivotals[1]. Palantir takes a defensive posture saying basically that their ability to not contribute to open source without running afoul their licenses is important: Our platforms contain “open source” software, and any failure to comply with the terms of one or more of these open source licenses could negatively affect our business. Where as pivotal says that being an active part of a vibrant open source community is crucial: If open-source software programmers, many of whom we do not employ, or our own internal programmers do not continue to use, contribute to and enhance the open-source technologies that we rely on, the market appeal of our offering may be reduced, which could harm our reputation, diminish our brand and result in decreased revenue. Like this makes sense, palantir is a closed source first kinda company and obviously a different value to its customers than pivotal. Kinda interesting to see that manifestation in the risk factors though. [1] https://www.sec.gov/Archives/edgar/data/1574135/000104746918002061/a2234898zs-1.htm https://www.sec.gov/Archives/edgar/data/1574135/000104746918...
- legerdemain 6y agoHere is Palantir's Github presence, with almost 200 open-source projects: https://github.com/palantir https://github.com/palantir
- thesausageking 6y agoCan anyone explain how the voting structure works? There's a "class F" of shares which are held only by Alex Karp, Stephen Cohen, and Peter Thiel, with each owning 1/3. Class F has "voting power representing up to approximately 49.999999%". Does that mean that basically Karp, Cohen, and Thiel have full voting control?
- _eigenfoo 6y agoYes. They're pretty explicit about this: > So long as our Founders [...] meet a minimum ownership threshold on the applicable record date for a vote of the stockholders[...], these Founders will effectively control all matters submitted to a vote of the stockholders for the foreseeable future. This could delay, defer, or prevent a change of control, merger, consolidation, or sale of all or substantially all of our assets that our other stockholders support. Conversely, this concentrated control could allow our Founders to consummate a transaction that our other stockholders do not support.
- thesausageking 6y agoThanks! I know many companies get away with it, but I still find it odd for shareholders to not have any control. They'll own it but have no say in how the company is run.
- wmf 6y agoMost investors are passive anyway. If you don't like how the company is run you can push down the price by selling.
- joshe 6y agoIt will be interesting to see how many of these IPOing company employees move this year and next to avoid CA capital gains tax. (Asana, Airbnb, Doordash, Lemonade are others). California taxes capital gains at 13%, and 9 states have none (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming). As an employee, you could save $130,000 on your $1 million dollar gain. That pays for an awesome rental house in Seattle or the Nevada side of Lake Tahoe. It will be a lot more tempting since you can just ride out covid for a year or so and keep working remotely like you are now. You can time this to your liking since the trigger is you selling the stock, so you can move in 2021 and sell in 2022. Realistically having 1 successful IPO is very lucky, maximizing the return makes a lot of sense. And I think this is much a much sharper decision than for public company employees. You will have been accumulating stock for 4-10 years and it's been completely illiquid. You get this big hammer of a tax bill when you sell, and it's very tempting to optimize it. This is always happened a little but in covid times, it seems like it will be 10x of the usual. Expect a lot of complaints from Seattle and Austin :-).
- ihatecataxes 6y agoAs a Palantir engineer - all I can say is thank god, I have never worked in CA for a reason...
- philsnow 6y ago> It will be interesting to see how many of these IPOing company employees move this year and next to attempt to avoid CA capital gains tax. (added attempt to) If you worked in California while you were earning that stock / options, they'll come after you for the taxes. California knows. They know that people want to try and have tried to dodge these taxes. They will find you and get their pound of flesh.
- ThA0x2 6y agoCan someone please tell me how this makes Palantir look bad so I can go virtue signal to my coworkers about how much they're failing?
- nemo44x 6y agoI think they will be a good investment. The way the wind is blowing, people will demand a more “hands-off” approach to day to day policing. We will still demand safety in our schools, streets, and public spaces. It can be sold in such a way that we are “saving lives” by using tax revenues to stop putting so many cops on the streets and instead using surveillance tech and automation to bring people to justice. I’m not saying I want this. But in my eyes it is the inevitable next step to prevent law enforcement events that end in death while still being able to stop criminal activity sometimes before it happens. Tech eats the world and old methods of policing are ripe for disruption.
- htrp 6y agoThey are a tech consulting company masquerading as a startup. The platforms don't exactly work without a shit ton of Forward Deployed Engineers trying desperately to make their platforms work with their client's tech systems.
- gandutraveler 6y ago"The engineering elite of Silicon Valley may know more than most about building software. But they do not know more about how society should be organized or what justice requires." Wait, what did they do or know about organizing society ?