He often lectures and writes on entrepreneurship, technology and public policy. Josh is a sports journalist who specialises in football and wrestling. [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. He is an entrepreneur, investor and philanthropist, who runs numerous companies, including Palantir Technologies, Addepar and Formation 8. 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. 03 Nov 2016 Great technology companies are valuable not because of their IP but because they are engines equipped to discover and build the tools necessary to solve hard problems and achieve their vision. [44], In 2018, Lonsdale started the Cicero Institute, a policy group that delivers "entrepreneurial solutions to public problems. 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. [33] As of December 2015, Formation 8 recorded an 84% internal rate of return in its first fund, putting it among the top funds of its class. He co-founded Palantir, Addepar, OpenGov and other companies, and is a partner at 8VC, his venture capital fund. Moreover the amount of money involved in this vital discovery process is a tiny fraction of total economic output. When an employee of a privately held technology company leaves the company and exercises her stock options, she typically has 3 months to qualify for favorable tax treatment. Joe Lonsdale is an American entrepreneur, investor, and philanthropist based in Silicon Valley, Calif. View the profiles of people named Joe Lonsdale. Iterative, trial and error experimentation is the mechanism by which firms drive the evolution of the market economy; it is the natural adaptation of industry to new technological paradigms. In the following decades, Keynes’ essay became the focal point of a large literature on the idea that machines will create widespread structural unemployment. He graduated from Mission San Jose High School, Stanford University. 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. Eliminating this inefficiency was a big part of what motivated us to start Quaestor — a company whose mission is to create transparency in venture capital and bring the processes CEOs and boards use to communicate and share data into the 21st century. 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. Entrepreneurship isn’t easy but if anyone has made it look that way it is Joe Lonsdale, founder of Palantir. 8VC traditionally invests in companies that tackle industry-wide problems by reimagining traditional paradigms and helping modernize some of our oldest technological infrastructure. Information technology has advanced dramatically over the last few decades, and it is starting to revolutionize nearly every industry. Prices allow customers, businesses, and investors to decide when there is too much or too little of some good, and to bargain if a good is too expensive. 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. https://stanfordreview.org/stanfords-title-ix-process-violates-due-process ... See photo on Instagram. Joseph Todd Lonsdale was born on 12 September 1982, in Fremont, California USA, to a Jewish mother and Irish Catholic father. 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. 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. During the second world war, Pittsburgh itself produced as much steel as each Axis power and was at the heart of American industrial success. Joe is a founding partner of 8VC, a leading venture capital fund in the Bay Area. Please see the attached notes on seed-stage or “angel” investing. This may sound like a valid concern to Silicon Valley-outsiders confronted with a spectacle of far-fetched startup ideas, wild blow-ups, and the transfer of large sums of money into the hands of audacious twenty-somethings. Josh Lawless. In return, the military must spend money efficiently and report back to civilian leaders. 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. Under Lonsdale’s … [16] It announced a move from Silicon Valley in California to Denver, Colorado, in 2020. For most, the word “charity” evokes concepts of altruism and justice completely divorced from considerations of efficiency and profit. [10] After graduation he left to work in a variety of roles with PayPal co-founder Peter Thiel. 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. [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. No matter who holds power, individuals and groups have the right to spend money to communicate their ideas. "Palantir Technologies » BlogArchive » Friction in Human-Computer Symbiosis: Kasparov on Chess". [32] Other senior members of Formation 8 included Gideon Yu and Pierre Lamond. 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. America should harness entrepreneurial innovation in higher education by financially rewarding for-profit colleges only if they help students succeed in the American economy. ", "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. 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? I hope this document proves a useful guide and perhaps it will help you avoid a mistake, especially those of you in New York where the technology-investing culture is taking off. A leading-edge research firm focused on digital transformation. Lonsdale also served as an early executive from 2002-2009 at Clarium Capital, a macro hedge fund founded by Thiel. We have had the privilege of investing in dozens of great entrepreneurs, but we have passed on investments in thousands of others. By Matt Burgess. 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. ... YouTube stars and Instagram celebrities; digital marketing consultants, and other e-marketing professionals will find employment opportunities in … We can then pass on lessons to aid the startup ecosystem and help businesses succeed and grow their impact. "Virtual" collaboration is already … View Joe Lonsdale’s profile on LinkedIn, the world’s largest professional community. Variants on this theme have circulated since the dawn of the Industrial Revolution. Joe Lonsdale, 69, has headed up the school’s chess teams since 1990, when his oldest son, Joe Lonsdale Jr., was a student. 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. [7], Lonsdale graduated from Stanford University in 2003 with a degree in computer science. These are very much worth reading for everyone at Palantir — they will change the way you think. Many libertarians I know seem blinded to the fact that the American social contract has fundamentally changed in character. American capitalism is under siege. — Joe Lonsdale (@JTLonsdale) August 17, 2020 Even in the face of tens of thousands of would-be competitors with low distribution costs, these players maintain large, loyal user bases and consistently generate billions of dollars in revenue. Explore Joe Lonsdale's biography, personal life, family and real age. [15] Lonsdale initially served as co-head of product at Palantir. How does one build a defensible business? Lonsdale often lectures and writes on entrepreneurship, technology, and public policy. [31], In 2011, Lonsdale co-founded Formation 8 with Brian Koo and Jim Kim. Blog.palantirtech.com. Also: no state income taxes. 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. Joe Lonsdale was born on September 12, 1982 (age 38) in California, United States. 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. 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. Secretary Shultz is one of the great men of our age, and I am lucky to have gotten to know him over the past several years during his time at the Hoover Institute at Stanford. Joe Lonsdale is trying to hold them to account. This event, however, had something most industry gatherings don't: a conservative bent. 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. [58] Lonsdale denied the claims and filed a counter suit against Clougherty. It is growing harder to ignore SV’s leadership deficit as one of the central challenges for companies fighting to scale — and as a central question for Silicon Valley’s impact on the world at large. I want the loss of anyone in the company to hurt us, but not fatally, including the likes of me. [21] He also co-founded and serves on the boards of Esper, Anduin Transactions, Affinity, Epirus Systems, and Zanbato. [35] 8VC now manages the Formation 8 Funds. [60] Clougherty dropped all of her legal claims against Lonsdale in a court filing on November 2, 2015. Good Subscriber Account active since Free subscriber-exclusive audiobook! [28], In 2010, Lonsdale launched Anduin Ventures, a seed fund for information technology companies. Good Subscriber Account active since Free subscriber-exclusive audiobook! Private giving has risen to $430 billion, the highest level ever. [60], In September 2016, Lonsdale married Tayler Cox.[62]. 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. Since then, venture capitalist Joe Lonsdale, Dropbox CEO Drew Houston, and Tesla and SpaceX CEO Elon Musk have moved to Austin - Lonsdale tweeted that the region was "more tolerant of … We believe in progress, and in markets, and in creating opportunity for all. Together, these funds manage a total committed capital of over $3.3 billion. 36 in the publication's list of "Top Tech Investors" in 2020. Here is his advice on becoming a great entrepreneur. There are 5.7 million businesses in the United States, 89.9% of which have fewer than twenty employees. [18] As of December 2020, Addepar administered over $2 trillion in assets and counted over 500 registered investment advisors, family offices, and banks as clients. [61] Stanford University investigators, citing evidence uncovered during discovery, said Lonsdale did not violate Stanford's sexual harassment policies and lifted the ban from its campus. [34], In 2015, Lonsdale co-founded 8VC with a group that included 15 of the 25 colleagues from Formation 8. According to sources in mid-2016, Lonsdale has acquired … America’s nonprofit sector is booming. Blend aligns with our views about how to create a top technology culture and focus on an uncrowded, yet critical, vertical. [55] In July 2010, CACS.org launched a data transparency portal. 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. 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. [59] Stanford University banned Lonsdale from campus as a result of the allegation. This week, the masklessness of lockdown enthusiasts continues, entrepreneurs Elon Musk and Joe Lonsdale move to Texas, the path of destruction that … In 2004, Lonsdale co-founded Palantir Technologies with Thiel, Alex Karp, Stephen Cohen, and Nathan Gettings. Epirus designs and builds high-powered microwave products for the defense and commercial sectors. [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. Building an engineering- and technology-led culture is the hardest and most important challenge faced by entrepreneurs building tech companies. Discover the real story, facts, and details of Joe Lonsdale. Mechanical contraptions for sewing and other tasks were decried as potentially ruinous to workers in Elizabethan England. Anduin's advisors included Alex Moore, Steve Loughlin, Matt Michelsen, and Brian Koo. 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. 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. The only way to create prosperity is to do more with less. He is also a founder of Affinity, Anduin and Esper. Joe Biden faces presidency-defining dilemma over Republican offer on Covid-19 rescue plan. Palantir’s software allows human analysts to explore data from many sources, specifically in the intelligence, defense and financial services sectors. Only by rewiring incentives can we attract the best and brightest entrepreneurs to solving America's mass incarceration nightmare. [17] The company automates asset management workflows, including portfolio reporting, across disparate data sources. Lonsdale also dropped his counterclaims. He also served as Editor-in-Chief of The Stanford Review, the university’s conservative/libertarian newspaper. The convertible note is a useful and common financing structure in Silicon Valley. Growing tech ecosystem and Texas is the best place to make a stand together for a free society." Hello, World! If you don’t have one now, I can’t consider you for bigger things. SAN FRANCISCO — Gleaming like a modernist and high-tech Apple Store, health care start-up Forward has designed a doctor's office/pharmacy of the future. The global economy will transform in the next decade. Joe Lonsdale is an American entrepreneur and technology investor. Brian Koo often compared his business partnership with Joe Lonsdale to a marriage, and the two budding investors did seem an ideal match. He co-founded Palantir, Addepar, OpenGov and other companies, and is a partner at 8VC, his venture capital fund. He is a celebrity entrepreneur. Nationalist-Right politicians defend reincarnations of 20th century industrial policy and blame weak wage growth on immigrants and foreign exporters. Explore Joe Lonsdale's biography, personal life, family and real age. The distinction between the spheres of charity and commerce is reflected in the unique legal status accorded to each, and the kinds of people each sector tends to attract. Join Facebook to connect with Joe Lonsdale and others you may know. Over the course of his career, Joe has founded, invested in or worked with several significant technology companies such as PayPal, Palantir, Oculus and Wish. [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]. Government represents one of the most challenging sectors in which to build a business. His fianceefiancee In 2011 I founded 8VC, a venture-capital firm that today manages more than $3.6 billion in committed capital. Under Lonsdale’s tutelage, … Thiel also has an investment firm, Mithril Capital, that relocated to Austin in 2018. The expression now describes a range of technologies, from back-end infrastructure to front-end consumer software applications. These notes from the speech articulate our basic framework for thinking about the shifting nature of the Venture Capital industry. 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. 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. View the profiles of people named Joseph Lonsdale. American drug spending is out of control. "Quaestor is reinventing business metric collaboration for the startup party-round era", "Epirus, a venture-backed startup, inks deal with Northrop for counter-drone tech", "Joe Lonsdale moves forward with 8VC's new fund and more", "Opinion | California, Love It and Leave It", "30 Executives Who Are Excellent At Chess", "Joe Lonsdale - Entrepreneurship and 8VC (First Meeting, EP.09)", "Addepar means to be the only technology platform RIAs will ever need -- and has MIT minds and PayPal money to back it up", "Clarium's Thiel Says Bearishness on Dollar 'Wrong, "Why Palantir co-founder Joe Lonsdale is leaving Silicon Valley", "Palantir Ended Its First Day With a $21 Billion Market Value. Yet the challenges represent opportunities for those bold enough to tackle them. 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. "[45][46] The Cicero Institute campaigns for laws that allow private competition in government areas such as health care, housing, and education. A co-founder of Palantir Technologies, Lonsdale was an early investor in companies including Oculus, Oscar, Illumio, and Orca Bio, and is a partner at 8VC, his venture capital firm. Join Facebook to connect with Joseph Lonsdale and others you may know. 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. 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. 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. In 1957, Eugene Kleiner and seven other engineers quit their jobs at Shockley Semiconductor Laboratory. Fortunes are at risk. 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. We recently put together a speech outlining the major functions of a modern Venture Capitalist. 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. A suspicious Szulczewski declined the meeting and continued to build his company, raising $1.8 billion from investors including GGV Capital, Joe Lonsdale… I grew up in Fremont, attended Stanford, and have spent most of my adult life in the San Francisco Bay Area, founding technology companies like Palantir and Addepar and investing in many others. But we are starting to notice a serious deficit in Silicon Valley: a shortage of great leaders. Every job performance review I give my direct-reporting managers includes the question, ‘Who’s your replacement? Growing tech ecosystem and Texas is the best place to make a stand together for a free society. Our age is not short of great ideas — of ways new technology can be applied to fix global industries and increase prosperity. 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. https://www.facebook.com/TXEconLiberty/posts/765373274096539 Discover the real story, facts, and details of Joe Lonsdale. 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. 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. Ari Gesher(2010-03-08). Innovation occurs when gifted and hard-working entrepreneurs bend their wills to solve the world’s most challenging problems. 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). Palantir cofounder Joe Lonsdale is moving his venture capital firm, 8VC, from Silicon Valley to Austin, according to CNBC. But certain philosophical concepts deeply inform the way I think about the world. 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. Such private philanthropy often accomplishes things government services cannot. 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. There are now over one and a half million nonprofits registered with the IRS, contributing nearly one trillion dollars to the economy.