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Facebook to let employees sell some stock — at internal $4 billion valuation

Eric Eldon, VentureBeat08.04.2008
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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)

Reprinted with permission from VentureBeat. Story copyright 2008 VentureBeat Inc. All rights reserved.

Odd way to burn up VC cash. Wonder if VCs are happy about this.


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