Thursday, February 02, 2012

For Founders to Decorators, Facebook Riches - NYTimes.com

Notes to self: 1) learn to paint; 2) invent time machine; 3) go back in time to early Facebook days and win contract to paint office murals in exchange for Facebook stock

The graffiti artist who took Facebook stock instead of cash for painting the walls of the social network’s first headquarters made a smart bet. The shares owned by the artist, David Choe, are expected to be worth upward of $200 million when Facebook stock trades publicly later this year.

The social network company announced its $5 billion public offering Wednesday afternoon, which is expected to value the whole company at $75 billion to $100 billion. Ultimately, that offering will mint a lot of billionaires and millionaires.

For Founders to Decorators, Facebook Riches - NYTimes.com

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