Venture Capital
At Peter Thiel’s Palantir, Allegations of Theft and Deception
The data mining startup blocked China’s CDH Investments from buying stock, says an unredacted lawsuit obtained by Bloomberg.
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Marc Abramowitz thought he’d found kindred spirits in the founders of Palantir Technologies Inc. Like Chief Executive Officer Alex Karp and billionaire Chairman Peter Thiel, Abramowitz was a Stanford University alumnus looking to build a business empire. In 2006, Abramowitz made an investment in their then unknown startup and became a regular around the office.
In recent years, Palantir has risen to be a global data mining giant with a $20 billion valuation. Abramowitz’s shares are estimated to be worth $60 million. But his relationship with the founders has turned toxic, and they now have competing lawsuits in two states.