Some of the most talented people I used to work with at Palantir founded Blend, and it exemplifies much of what we have written about at Formation 8 and now 8VC (www.8vc.com). Lately I’ve had a strong sense that we’re living at a particularly important time in history, and I feel really lucky to get be able to interact with a lot of the actors firsthand. 03 Nov 2016 This is nearly twice what other major countries spend, and those countries aren’t exactly efficient either — but we in the US are worse. A common refrain from startup entrepreneurs is that they have no problem attracting high-energy contributors, but are having difficulty finding talented, driven executives who can lead and inspire. Good Subscriber Account active since Free subscriber-exclusive audiobook! On Monday night, in the basement of a posh coworking space in downtown San Francisco, about 200 people gathered to hear the umpteenth panel discussion about how Silicon Valley should deal with Donald Trump. Private giving has risen to $430 billion, the highest level ever. Financial institutions in developing economies are broken and inefficient, and hard-working people have not been given the chance to establish a credit history. He often lectures and writes on entrepreneurship, technology and public policy. Growing tech ecosystem and Texas is the best place to make a stand together for a free society,” responded Joe Lonsdale, a co-founder of software company Palantir. Lonsdale is a board member and adviser to Thorn, a non-profit founded by actors Ashton Kutcher and Demi Moore, which partners with innovative technology companies to prevent child-trafficking and child pornography. The Concept: A marketplace & community of recording, mixing and mastering professionals working on projects from their own studios. Entrepreneur and investor Joe Lonsdale and his venture firm, 8VC, enjoyed an exit to cap off 2019 as Indio was acquired by Applied Systems in December. Blend aligns with our views about how to create a top technology culture and focus on an uncrowded, yet critical, vertical. I love California, but I had to leave. Anduin's portfolio companies include Addepar, Wish,[29] Any.do, a project with Lady Gaga to launch Backplane,[30] Badgeville, Blueprint Labs, Edmodo, Healthtap, JoyTunes, Karma, Onramp, Ostendo, Ness, Practice Fusion and Vicarious. He is a celebrity entrepreneur. Epirus designs and builds high-powered microwave products for the defense and commercial sectors. Fortunes are at risk. [20], Following his initial work at Addepar, Lonsdale co-founded OpenGov, a company which offers cloud-based software for government budgeting, in 2012. Growing tech ecosystem and Texas is the best place to make a stand together for a free society." In 2004, Lonsdale co-founded Palantir Technologies with Thiel, Alex Karp, Stephen Cohen, and Nathan Gettings. Palantir cofounder Joe Lonsdale is moving his venture capital firm, 8VC, from Silicon Valley to Austin, according to CNBC. This blog addresses a recurring topic for our CEOs — how to think about the value of experience at a technology startup, the seniority of a company’s team, and when it’s the right time to make certain executive hires. Pittsburgh, which was founded two centuries ago in 1816, was one of the great economic centers of the United States. He co-founded Palantir, Addepar, OpenGov and other companies, and is a partner at 8VC, his venture capital fund. A primary indicium of a healthy startup is the talent of the engineers involved. Although certain TV portrayals are clearly unrealistic or over the top for comedic value, this episode dealt with a lot of issues we face in our industry. Ari Gesher(2010-03-08). A famous businessman, how wealthy is Joe Lonsdale? [14], Lonsdale co-founded Addepar, a wealth management and data analytics platform for registered investment advisors, in 2009 with Jason Mirra. And why do we think it's possible? [19], Lonsdale currently serves as Executive Chairman at Addepar. Stay up to date with my latest investments, initiatives, and ideas: Founders who keep their investors informed and run disciplined meetings are those who get the most out of their board members. Hello, World! Their talent and advantages allowed them to sweep out of Greece and to cut through the Persian Empire and then anybody else in their path — whether they were liberating or enslaving is a matter of debate, but they believed they were liberators, as did Livy 300 years later. Lonsdale also served as an early executive from 2002-2009 at Clarium Capital, a macro hedge fund founded by Thiel. [55] In July 2010, CACS.org launched a data transparency portal. He is also a founder of Affinity, Anduin and Esper. The Concept: A marketplace & community of recording, mixing and mastering professionals working on projects from their own studios. Disclosure: Palantir Technologies CEO Alexander Karp is a member of Axel Springer's shareholder committee. [21] He also co-founded and serves on the boards of Esper, Anduin Transactions, Affinity, Epirus Systems, and Zanbato. Language; Watch; Edit; Joseph Todd Lonsdale V is an American entrepreneur and technology investor. "Palantir Technologies » BlogArchive » Friction in Human-Computer Symbiosis: Kasparov on Chess". The only way to create prosperity is to do more with less. Entrepreneurship isn’t easy but if anyone has made it look that way it is Joe Lonsdale, founder of Palantir. The present post-industrial economy, in which developed countries experience the limits of extensive growth, will give way to a digital global economy that requires different skills for workers and investors. At Palantir, Addepar, Zenreach, Milo and the other companies we have started, we focused on building the kinds of organizations that attract the best minds. The fund had a broad mandate, investing across stages in both IT and energy companies, with an intended emphasis on business development in Asia. View the profiles of people named Joseph Lonsdale. https://stanfordreview.org/stanfords-title-ix-process-violates-due-process What Its COO Says", "How Addepar built an ecosystem around the ultra high net worth investment community with CEO Eric Poirier – Tearsheet", "WealthTech Addepar raises $117M in Series E funding", "Addepar | Powering the Global Financial System", "For investors seeking a purpose-built CRM toolkit, Affinity raised $13.5 million to get you covered", "Zanbato Raises $8 Million in Series B Funding", "America's Richest Entrepreneurs Under 40 2016", "Formation 8 Raises Its First Fund Of $448M To Plug Silicon Valley Startups Into Asian Conglomerates", "What Caused Formation 8 To Split, and What Comes Next? Joe Lonsdale. Blog.palantirtech.com. [22][23][24][25][26], Lonsdale has invested in technology companies in a variety of contexts since leaving Palantir, most recently through his venture capital firm 8VC. View the profiles of people named Joe Lonsdale. Also: no state income taxes. His fianceefiancee Few top venture capitalists consider living anywhere other than California and a handful of global financial centers, but I am moving myself and dozens of my 8VC colleagues... We started Palantir in 2003 with the vision to take the top technologists in the world, and apply them to the most important problems in the 21st century. 36 in the publication's list of "Top Tech Investors" in 2020. [60], In September 2016, Lonsdale married Tayler Cox.[62]. These are very much worth reading for everyone at Palantir — they will change the way you think. Explore Joe Lonsdale's biography, personal life, family and real age. Join Facebook to connect with Joe Lonsdale and others you may know. [10] After graduation he left to work in a variety of roles with PayPal co-founder Peter Thiel. Our government is plagued by polarization, gridlock, and special interest capture which — combined with an overgrown administrative state and poor policy in many sectors — stall economic mobility and meaningful social progress. Innovation occurs when gifted and hard-working entrepreneurs bend their wills to solve the world’s most challenging problems. Since the recovery from the dot-com crash, doomsday prophets have consistently warned of a bubble in the private technology company ecosystem. The Goal: To open up new possibilities for music production via online collaboration and a new income stream for sound designers, session musicians and audio engineers. Brian Koo often compared his business partnership with Joe Lonsdale to a marriage, and the two budding investors did seem an ideal match. In 2011 I founded 8VC, a venture-capital firm that today manages more than $3.6 billion in committed capital. Only men inspired by a higher cause could have achieved so much. Dave Rubin of The Rubin Report talks to Joe Lonsdale (Co-founder of Palantir, entrepreneur, venture capitalist) about how Silicon Valley got woke, Palantir rethought how governments handle big data analytics, and how libertarian principles could help make healthcare and the housing market more affordable for millions of Americans. If you don’t have one the next time I ask, you may no longer be a direct report. In the subsequent decades, the “Traitorous 8” founded a host of spin-off companies so wildly successful that Fairchild and its offspring are today reputedly worth over $2 trillion. In economic terms, an increase in productivity is an increase in the amount or quality of output generated for each unit of input. We believe the technologists and entrepreneurs of our generation are in a position to have a more widespread, positive impact on the world than any group in any previous generation — and that we have an ethical duty to recognize and act on our power. Join Facebook to connect with Joe Lonsdale and others you may know. In return, the military must spend money efficiently and report back to civilian leaders. Most of our generation lacks historical perspective on justice and persecution, so we’ve put together a brief paper on how these ideas have evolved in the context of Western Civilization. According to sources in mid-2016, Lonsdale has acquired … Joe Lonsdale is an American entrepreneur and technology investor. ", "Formation 8 Axes Plans For Third Fund, Lonsdale Now Raising $400M For "8 Partners, "8VC Aims To Raise $640M For Third Flagship Fund, Filings Show", "Startup Socotra Closes Nearly $6 Million Series A with 8VC to Modernize Insurance Technology", "Idx raises $33 million for AI diagnostic systems that detect eye disease and other conditions", "Public health startup Cityblock raises $65M Series B", "Controversial surveillance startup Anduril gets a $1.9 billion valuation", "Joe Lonsdale | The Julis-Rabinowitz Center for Public Policy and Finance", "Palantir cofounder Joe Lonsdale is moving his VC firm from Silicon Valley to Austin, in part because it is 'more tolerant of ideological diversity, "8VC founder Joe Lonsdale on why he decided to move this company from California to Texas", "Defending Children From Sexual Abuse | About Thorn", "Glenn Beck talks to Joe Lonsdale about Seasteading", "Stanford Group Works to Fix Government with Data", "Tech investor Joe Lonsdale counters rape allegations", "Woman drops sex assault case against U.S. venture capitalist", "At high risk for breast cancer, why she's decided against a mastectomy", https://en.wikipedia.org/w/index.php?title=Joe_Lonsdale&oldid=1001628084, Businesspeople from the San Francisco Bay Area, Private equity and venture capital investors, Creative Commons Attribution-ShareAlike License, This page was last edited on 20 January 2021, at 15:20. Healthcare consumes more than 17% of US GDP, and our government is on course to go bankrupt based on promises it’s made in the space. The global economy will transform in the next decade. Over the last hundred years, five major trends have dominated Silicon Valley (SV): “Electronic Tools,” “Semiconductor,” “Enterprise,” “Telecom,” and “Consumer.” A sixth trend has emerged. Joe is a founding partner of 8VC, a leading venture capital fund in the Bay Area. Lonsdale left Palantir in 2009 to co-found Addepar, a wealth management technology company. These lessons summarize what Joe Lonsdale learned from working over many years with Peter Thiel, our chairman and one of our founders. All four of the cardinal virtues offer us wisdom to this day, but my favorite of the four – and one that’s largely absent in today’s society – is the virtue of courage. American libertarianism has become a useless, purely performative sort of politics. Joe Lonsdale. Joe Lonsdale is an American entrepreneur, investor, and philanthropist based in Silicon Valley, Calif. He is a founder of 8VC, a technology investment firm, and a co-founder of Palantir Technologies, Addepar, and OpenGov, and was an early investor in a number of companies, including the e-commerce platform Wish. America’s reactive model of kidney care enriches an oligopolistic dialysis industry, wastes billions of dollars a year, and creates worse health outcomes for millions of Americans each decade. Improvements in farming technology have been greeted with skepticism since ancient times for these reasons. JOE LONSDALE: I mean, well, ... of a company called Citizen which is the top safety network. California, Love It and Leave It Bad policy has made the state unlivable, so I moved my family and my venture-capital firm to Texas. We recently put together a speech outlining the major functions of a modern Venture Capitalist. Because we’re presented with so many investment opportunities, we tend to use heuristics as a first screen. Entrepreneur and investor Joe Lonsdale and his venture firm, 8VC, enjoyed an exit to cap off 2019 as Indio was acquired by Applied Systems in December. No matter who holds power, individuals and groups have the right to spend money to communicate their ideas. Most recently, he was a founding partner at Formation 8, one of the top performing private funds and the precursor to 8VC. They are the lifeblood of the American economy. 1,220 Followers, 875 Following, 28 Posts - See Instagram photos and videos from Joe Lonsdale (@joe_lonsdale99) Joe Lonsdale, Founder of 8VC discusses jobs, universal base income, and inequality and many other dangerous topics with Sam Lessin. American capitalism is under siege. It’s a form of debt that is really more a type of equity — one where the valuation hasn’t been determined yet. In progressive cities all over the country, in our universities, our companies, and our institutions, it takes a lot of courage to stand up for American values today. We believe in the power of technology and business to enable greater prosperity. The Goal: To open up new possibilities for music production via online collaboration and a new income stream for sound designers, session musicians and audio engineers. Economic historians looking back on the present period will characterize it as the early innings of Golden Age of the information technology revolution. Epirus designs and builds high-powered microwave products for the defense and commercial sectors. This development corresponds with a trend: the allocation of billions of dollars by investors into ‘big data’ companies which, simply put, stand little chance of becoming transformative companies. Join Facebook to connect with Joe Lonsdale and others you may know. Lonsdale hasfired back against the allegations, calling Clougherty's allegations a "malicious campaign" and part of a "Joe take down scheme" on the part of his ex-girlfriend. State governments should competitively reimburse private prisons that are most effective at reducing recidivism and helping prisoners reintegrate into normal American life. Last-generation business models will collapse and a new generation of investors and entrepreneurs will create value across old-line industries through new trends in Information Technology (IT). Brian Koo often compared his business partnership with Joe Lonsdale to a marriage, and the two budding investors did seem an ideal match. In today’s startup ecosystem, where seed financing is abundant and the barriers to building scalable IT tools are steadily diminishing, the question of how to maintain a competitive advantage is one that must be at the top of every entrepreneur’s mind.Over the past 15 years the consumer space has consolidated around a few massive companies: Google, Facebook, Apple, and Amazon. Meanwhile far-Left politicians including Bernie Sanders and Elizabeth Warren have popularized traditional Marxist critiques of the rich and want the federal government to nationalize banks, the healthcare system, and other sectors of the economy. Born in 1920, he has lived an extraordinary life and is still actively working on some of the most important problems of our time including nuclear non-proliferation and mentorship of government leaders. There are now over one and a half million nonprofits registered with the IRS, contributing nearly one trillion dollars to the economy. [48] In an opinion editorial published in The Wall Street Journal, he cited California's "bad policies [that] discourage business and innovation", worsening public safety, high taxes, and a deteriorating quality of life as the primary factors in his decision. Such private philanthropy often accomplishes things government services cannot. Joe Lonsdale is a major Silicon Valley tech sector investor. [34], In 2015, Lonsdale co-founded 8VC with a group that included 15 of the 25 colleagues from Formation 8. By the time that Alexander the Great’s armies had conquered most of the known world, it had become much harder to get the men to fight — even for one of the most talented and inspiring leaders that has ever lived. Announcing Terminal, by Joe Lonsdale and Jack Abraham For most, the word “charity” evokes concepts of altruism and justice completely divorced from considerations of efficiency and profit. A suspicious Szulczewski declined the meeting and continued to build his company, raising $1.8 billion from investors including GGV Capital, Joe Lonsdale… [60] Clougherty dropped all of her legal claims against Lonsdale in a court filing on November 2, 2015. [51][52], Lonsdale also served on the Board of Strive for College[53] and was the founding Chairman of The Seasteading Institute. We’ve noticed many of the great technology companies share several key characteristics and want to share what we’ve observed as well as highlight three foundational principles that lead to top engineering cultures. A geographic center where the rail lines met between cities including Chicago, Cleveland, DC, and New York, Pittsburgh was the home of great industrialists including Mellon, Heinz, Frick and Westinghouse, to name a few who many of us still recognize today. Under Lonsdale’s … Join Facebook to connect with Joseph Lonsdale and others you may know. Joe Lonsdale, 69, has headed up the school’s chess teams since 1990, when his oldest son, Joe Lonsdale Jr., was a student. Every job performance review I give my direct-reporting managers includes the question, ‘Who’s your replacement? The Information reported Dropbox CEO Drew Houston was moving to the city as well, and Palantir cofounder Joe Lonsdale said he would move his venture capital firm, 8VC, there too. During the second world war, Pittsburgh itself produced as much steel as each Axis power and was at the heart of American industrial success. CEOs shouldn’t worry about their budget all the time — on a day-to-day basis they should work on managing their company, building an awesome product, developing key relationships, identifying distribution channels, etc. At $330B a year, American expenditures on prescription drugs subsidize pharmaceutical R&D for the rest of the planet and allow foreign governments use price controls to keep drugs artificially cheap for their citizens. Palantir’s software allows human analysts to explore data from many sources, specifically in the intelligence, defense and financial services sectors. Whether or not you blame companies, our regulatory framework, or both, this is clearly a huge problem. View the profiles of people named Joe Lonsdale. Lonsdale is a prince of Silicon Valley, with a gold-plated Rolodex, while Koo, a scion of the LG business dynasty in South Korea, has access to the wealth and industrial networks of Asia. Like any industrial revolution, the present era is one of rapid flux of the economy in response to new technological possibilities. The presidential campaigns of Senator Bernie Sanders and Senator Elizabeth Warren sparked national debate about many progressive policies that failed to gain mainstream attention in the past. [28], In 2010, Lonsdale launched Anduin Ventures, a seed fund for information technology companies. [47], In November 2020, Lonsdale announced that he was moving his family and 8VC from the Bay Area to Austin, Texas. Inasmuch as there is a useful purpose to what we do as VCs, I tend to think it’s our duty not only to mentor entrepreneurs and executive teams, but also to learn from them and the others involved. He also served as Editor-in-Chief of The Stanford Review, the university’s conservative/libertarian newspaper. Please see the attached notes on seed-stage or “angel” investing. There are hundreds of millions of people around the globe who could safely repay loans but nonetheless do not have access to a line of credit. ... See photo on Instagram. It also exemplifies the ‘Smart Enterprise’ theme, as it replaces legacy infrastructure with deep Silicon Valley technology to help an underserved industry and create tremendous value for American lenders and borrowers alike. Information technology has advanced dramatically over the last few decades, and it is starting to revolutionize nearly every industry. A common topic at dinner conversations in Silicon Valley is universal basic income, and the typical argument advanced for UBI is that we are destined to indefinitely continue losing jobs faster than we replace them. Kleiner, a Jewish émigré of Austrian extraction, secured a $1.5 million investment from Sherman Fairchild to found Fairchild Semiconductor, the first major computer chip manufacturer in Silicon Valley. Brought up in the world’s leading martial culture, and having just conquered the rest of Greece under King Philip of Macedon, Alexander’s father, the soldiers were trained in the coordinated use of the giant pike sarissas, better battle organization and physical preparation, and possessed the unbridled spirit of free men. [49] In the editorial and subsequent interviews, Lonsdale argued that the "intolerant far left" that run California's government and are the loudest voices in Silicon Valley companies are the root cause of these problems. By Matt Burgess. View Joe Lonsdale’s profile on LinkedIn, the world’s largest professional community. Thiel also has an investment firm, Mithril Capital, that relocated to Austin in 2018. Also following his exit from Palantir, Lonsdale became an angel investor before starting Formation 8 in 2011 and 8VC in 2015. But certain philosophical concepts deeply inform the way I think about the world. [58] Lonsdale denied the claims and filed a counter suit against Clougherty. America’s nonprofit sector is booming. One can expect similar dynamics across other old-line industries like finance, energy, healthcare, and education. Retrieved 2012-01-30. Discover the real story, facts, and details of Joe Lonsdale. They accomplish this by strategically controlling the most valuable commodity in the Twenty-First century economy — information. Joe Lonsdale, 69, has headed up the school’s chess teams since 1990, when his oldest son, Joe Lonsdale Jr., was a student. [44], In 2018, Lonsdale started the Cicero Institute, a policy group that delivers "entrepreneurial solutions to public problems. View the profiles of people named Joe Lonsdale. [11] At Clarium's peak the fund grew to $8 billion in assets under management, but eventually shut down after a series of unprofitable investments and client redemptions resulting in its assets declining to between $300-400 million as of 2011.[12]. He has also co-founded several other technology companies, including OpenGov (a technology platform for data intelligence and budgeting of governments), Affinity (a relationship intelligence platform[2]), Epirus (a defense technology company[3]), and Esper (software for data-driven government rules-making[4]). Many libertarians I know seem blinded to the fact that the American social contract has fundamentally changed in character. He graduated from Mission San Jose High School, Stanford University. Founded by Bo Marr, Joe Lonsdale, Max Mednik, and Nathan Mintz in 2018, Epirus is backed by investors that include 8VC, Greenspring Associates, Bedrock Capital, L3 Harris Technologies, and Fathom Capital and is headquartered in Hawthorne. We believe in progress, and in markets, and in creating opportunity for all. [54] He was previously the Chairman of California Common Sense (“CACS.org”), a non-partisan non-profit dedicated to opening government to the public, developing data-driven policy analysis, and educating citizens about how government works. Joe was an early institutional investor in notable companies including Wish, Oculus, Oscar, Illumio, Blend, Orca Bio, RelateIQ, Joby Aviation, Synthego, Guardant Health, and in 2016 and 2017 was the youngest member of the Forbes 100 Midas List. We believe that this duty involves looking beyond conventional startups to study complex industries and using technology to tackle the biggest problems we can find. Palantir debuted on the New York Stock Exchange on September 30, 2020, with a $21 billion market capitalization. Nationalist-Right politicians defend reincarnations of 20th century industrial policy and blame weak wage growth on immigrants and foreign exporters. Previously, Joe was an early executive at Clarium Capital, which he helped grow into a large global macro hedge fund. Londsdale, who is part of the HyperLoop One investors, also wants governments to be more open with their data. Joe Biden faces presidency-defining dilemma over Republican offer on Covid-19 rescue plan. Good Subscriber Account active since Free subscriber-exclusive audiobook! Language; Watch; Edit; Joseph Todd Lonsdale V is an American entrepreneur and technology investor. Silicon Valley entrepreneurs and their teams are focusing their talents on new areas, because nearly every industry can operate much differently and better than it currently does. If you don’t have one now, I can’t consider you for bigger things. Joe Lonsdale. Joe was an early institutional investor in notable companies including Wish, Oculus, Oscar, Illumio, Blend, Orca Bio, RelateIQ, Joby Aviation, Synthego, Guardant Health, and in 2016 and 2017 was the youngest member of the Forbes 100 Midas List.