“At Palantir early days, we really had to educate people on their pain before we could sell them technology.”
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More from Eliot Hodges
PredictionPartly held up
Hodges: Private market assets will reach $25T in a couple of years
“It's a 15 trillion dollar asset industry today. It's going to be a 25 trillion dollar asset industry in the next couple of years.”
Eliot HodgesMay 17, 2023▶ 11:32Ep 58: Private Markets Outperform Public But They're a Mess! Eliot Hodges Is Fixing That. · Joe Lonsdale
AssertionNot checkable as stated
Hodges: 90% of private market LPAs are filled out incorrectly
“You have to fill out oftentimes it's called an LPA. It is a 50 to a hundred page static form that is very dense. And is filled out incorrectly, 90% of the time.”
Eliot HodgesMay 17, 2023▶ 7:00Ep 58: Private Markets Outperform Public But They're a Mess! Eliot Hodges Is Fixing That. · Joe Lonsdale
Insight
Hodges: A private fund's LP onboarding process is its product
“But it turns out like in this new environment, like you're on your onboarding process is your product.”
Eliot HodgesMay 17, 2023▶ 13:56Ep 58: Private Markets Outperform Public But They're a Mess! Eliot Hodges Is Fixing That. · Joe Lonsdale
Opinion
Hodges: Law firms face an arms race to adopt onboarding technology
“There's very much a an arms race going on amongst the law firms. Everyone's trying to weaponize and get ready for this new world. So it's at a point now where they're, it's just about parity and a defensive measure to have technology.”
Eliot HodgesMay 17, 2023▶ 14:59Ep 58: Private Markets Outperform Public But They're a Mess! Eliot Hodges Is Fixing That. · Joe Lonsdale
Opinion
Hodges: Vietnam engineers rival the best talent at Palantir and Blend
“Oh, the talent is, I mean, that was sort of the, we've got, I mean, on par with, you know, the best engineers that I worked with at Palantir and at Blend, and what's cool about Anduin was they were a pioneer, like, Who would have thought that there would be th…”
Eliot HodgesMay 17, 2023▶ 20:15Ep 58: Private Markets Outperform Public But They're a Mess! Eliot Hodges Is Fixing That. · Joe Lonsdale
AssertionNot checkable as stated
Hodges: Palantir had a strong hiring bias against MBAs
“There's a strong anti MBA bias at that company. So which but there's only rare exceptions allowed.”
Eliot HodgesMay 17, 2023▶ 4:20Ep 58: Private Markets Outperform Public But They're a Mess! Eliot Hodges Is Fixing That. · Joe Lonsdale
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