Facebook has an internal valuation of $4 billion, as we’ve previously reported. It will begin letting current employees sell 20 percent of their fully vested stock options at that valuation, starting this fall, I’ve learned from well-connected sources.
Facebook isn’t commenting. But this is a nice early windfall for Facebook employees, assuming... (Read more)
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Odd way to burn up VC cash. Wonder if VCs are happy about this.
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