We dive into Palantir’s funds, Apple fires again in opposition to Epic Video games and Lambda College raises funding. That is your Every day Crunch for August 21, 2020.

The large story: Palantir docs present $579M internet loss

Danny Crichton received a maintain of the confidential S-1 submitting for secretive knowledge analytics firm Palantir and has been unpacking the main points. So far as the top-line numbers go, Palantir reported income of $742 million in 2019, up 25% from the earlier yr, with a internet lack of $579 million. And it had precisely 125 clients on the finish of the primary half of 2020.

As well as, a number of sources have advised us that Palantir may have a lockup interval after its direct itemizing. The mix of each a direct itemizing and lockup interval is uncommon, as Danny explains:

The lockup will nearly definitely assist stabilize Palantir’s inventory post-debut, which will likely be much less unstable since insiders received’t have the ability to commerce their shares. Nevertheless, it’s undoubtedly not a vote of confidence {that a} 17-year-old firm thinks it wants to regulate the promoting choices of its workforce and buyers to be able to keep its share value on the general public markets.

The tech giants

Apple contends Epic’s ban was a ‘self-inflicted’ prelude to gaming the App Retailer — Apple characterizes the whole controversy as a “fastidiously orchestrated, multi-faceted marketing campaign” geared toward circumventing the 30% minimize it calls for for the privilege of doing enterprise on iOS.

Sony WH-1000XM4 headphone evaluation — Brian Heater says they’re nonetheless the most effective in school at $350.

Fb trials increasing portability instruments forward of FTC listening to — Fb is contemplating increasing the kinds of knowledge its customers are in a position to port on to different platforms.

Startups, funding and enterprise capital

Lambda College raises $74M for its digital coding college the place you pay tuition solely after you get a job — Funds for Lambda College programs are based mostly on a sliding scale that solely kicks in after you land a job that makes no less than $50,000 a yr.

Triller threatened to sue over report suggesting it inflated its downloads — Triller has been pushing to capitalize on the latest flip of occasions concerning its chief competitor, TikTok.

No events allowed on the Airbnb IPO — The newest episode of Fairness covers Airbnb’s choice to ban events, and likewise its non-public submitting to go public.

Recommendation and evaluation with Additional Crunch

How one can elevate your first VC fund — For starters, perceive the mindset of an LP.

Anu Duggal on COVID-19, selling range and constructing a fund — In 2020, the investor says her thesis that there will likely be a technology of profitable venture-backed companies constructed by ladies is one you possibly can’t keep away from.

Field CEO Aaron Levie says thrifty founders have extra management — “Put your self ready the place you spend as little quantity of {dollars} as you possibly can.”

(Reminder: Additional Crunch is our subscription membership program, which goals to democratize details about startups. You may join right here.)

Every little thing else

Trump’s official marketing campaign app needed to reset its score after being trolled by TikTokers — An effort by TikTok customers to troll President Trump’s official marketing campaign app with 1000’s of one-star opinions seems to have had an impression, if not the impression the pranksters had needed.

Submit your pitch deck to Disrupt 2020’s Pitch Deck Teardown — Within the Pitch Deck Teardown, high enterprise capitalists and entrepreneurs will consider and counsel fixes for attendees’ pitch decks.

The Every day Crunch is TechCrunch’s roundup of our greatest and most essential tales. For those who’d prefer to get this delivered to your inbox on daily basis at round 3pm Pacific, you possibly can subscribe right here.

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