Addepar's Software for the Super-Rich

His new firm helps the wealthy keep track of their Picassos
Joe Lonsdale Photograph by Kevin Kunishi for Bloomberg Businessweek

About nine years ago, Joe Lonsdale started working at Clarium Capital Management, the hedge fund of billionaire technology investor Peter Thiel. Lonsdale was fresh out of Stanford University and had little practical experience in finance, but found himself consulting on Thiel’s early investment in Facebook and overseeing projects for Clarium’s other holdings. On the side he dabbled with a handful of his own ventures—a restaurant, a Nascar magazine, and an outfit that built software for spies.

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