# Palantir — Capital Time Machine

Palantir’s pre-listing charter documents Series A through K issue prices and conversion terms. Its 2020 public debut was a direct listing, so there is no conventional IPO offer price.

Canonical citation: https://capitaltimemachine.com/private/palantir

Ticker: PLTR
Sector: Data analytics & AI
Public-market route: Direct listing
Evidence reviewed: 2026-09-24

## How to use this research

Selected historical funding and listing evidence, not a complete private cap table or live quote. Funding totals, company valuations and per-share prices are different measures. A hypothetical value is not actual sale proceeds; investor access is not established.

## Funding and listing history

### A — Series A original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $0.10. Conversion uses $0.10 ÷ $0.0028571428 common shares per preferred share.

Reported price: $0.10

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### B — Series B original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $0.06338. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $0.06338

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### C — Series C original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $0.576. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $0.576

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### D — Series D original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $0.80. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $0.80

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### E — Series E original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $1.3742. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $1.3742

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### F — Series F original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $1.98. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $1.98

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### G — Series G original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $3.06. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $3.06

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### H — Series H original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $3.51. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $3.51

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### H-1 — Series H-1 original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $3.51. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $3.51

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### I — Series I original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $6.13. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $6.13

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### J — Series J original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $8.89. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $8.89

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### K — Series K original issue terms

Date: 2020-09-03
Event type: Preferred terms snapshot

The charter specifies an original issue price of $11.38. Initial conversion price equals issue price, producing one common share per preferred share.

Reported price: $11.38

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

### listing — Direct listing on the NYSE

Date: 2020-09-30
Event type: Direct listing

Existing shares became publicly tradable. No underwritten IPO offer price is supplied; choose your own dated PLTR quote.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

## Documented share calculations

### A — Series A · $0.10

Starting price: 0.10 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 0.10 ÷ 0.0028571428 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. Series A uses the stated $0.0028571428 conversion price, approximately 35 common shares per preferred.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 0.10 × (0.10 ÷ 0.0028571428) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### B — Series B · $0.06338

Starting price: 0.06338 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 0.06338 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### C — Series C · $0.576

Starting price: 0.576 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 0.576 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### D — Series D · $0.80

Starting price: 0.80 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 0.80 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### E — Series E · $1.3742

Starting price: 1.3742 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 1.3742 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### F — Series F · $1.98

Starting price: 1.98 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 1.98 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### G — Series G · $3.06

Starting price: 3.06 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 3.06 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### H — Series H · $3.51

Starting price: 3.51 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 3.51 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### H-1 — Series H-1 · $3.51

Starting price: 3.51 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 3.51 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### I — Series I · $6.13

Starting price: 6.13 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 6.13 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### J — Series J · $8.89

Starting price: 8.89 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 8.89 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

### K — Series K · $11.38

Starting price: 11.38 USD per starting share
Starting date or context: Pre-listing charter snapshot · Sep 3, 2020

Base conversion: 1 common-share equivalents per starting share, before dated public splits

Charter original issue price; preferred converts to Class B, which converts one-for-one to listed Class A on transfer. One common-share equivalent per preferred share.

Public trading begins: 2020-09-30
Supported ending dates begin: 2020-09-30
Share basis reviewed through: 2020-09-30

The ending share price and its date must be supplied by the user.

Formula: amount ÷ 11.38 × (1) × applicable dated public splits × ending share price. 

Source: [Palantir pre-listing charter](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406dex31.htm)
Source location: Article IV, section 2 original issue prices and section 4 preferred conversion prices.

Source: [Palantir September 2020 registration statement](https://www.sec.gov/Archives/edgar/data/1321655/000119312520239121/d904406ds1a.htm)
Source location: Preferred-stock tables, capital stock conversion and direct-listing terms.

Source: [Palantir 2021 Form 10-K](https://investors.palantir.com/files/2021%20Annual%20Report%20on%20Form%2010-K.pdf)
Source location: Note 1: direct listing completed September 30, 2020.

## Later share adjustments

No separate share-class distribution is modeled.

## Coverage gaps and limitations

- Series terms are a pre-listing snapshot, not a claim that every holder paid the charter issue price or invested on the snapshot date.

- Direct listing reference prices are not IPO subscription prices. Preferred carrying amounts and liquidation preferences are not total capital raised.

- Series A uses the charter’s stated conversion price with its published precision; this is an illustrative conversion, not settlement of a specific holding.

Entered prices and later-date share-basis assumptions are unverified. Excludes fees, taxes, dividends, warrants and other distributions; fractional shares are illustrative. Historical investor allocations, minimums and selling rights are not established.

Methodology: https://capitaltimemachine.com/methodology

Research terms: https://capitaltimemachine.com/terms