DISQUS

davidu · 1 year ago

I thought most private companies restricted the ability for employees to sell their company stock... Is that not the case? Or are these people just selling a right to buy the stock at a specified price?

Eric Eldon · 1 year ago

David, the people selling the stock are ex-employees -- the board can't stop them even if it wanted to, is my understanding.

Mathias · 1 year ago

The company is worth $15 Billion to Microsoft and less for others with cashflow in mind. Nothing new.

As the saying goes: A company is worth what someone is willing to buy it for. So in the case of Facebook you would really be more correct saying Facebook is worth as much as $15 Billion and as little as "what-ever is the case". That is the problem with private companies that are not quoted on a daily or even minutia basis.

Everyone debating Facebook valuations are correct in their opinions:). No one is really wrong. Personally, as a potential investor, I would like Facebook to be valued very, very low. But if I where a seller I would very much prefer a valuation of $15 Billion+:). Who wouldn't. Valuation is as they say, higly subjective. I guess you, as a seller of private stock, need to find someone stupid enough to pay a premium price for your stock. Right?

Well, you don't really need to find stupid people, find a good strategic partner who pay a good chunk of money for your stock and give them strategic rights. Mark didn't receive any money from Microsoft, right? They emitted new shares and the money went to Facebook? If so, that was stupid as I would have sold my own stock and emitted some shares. I mean Facebook is already making revenue. Why not cash out when you have the chance? Mark didn't do a good deal....but anyway.

I have a private Ltd company myself and I got a very high valuation very early on. Something like $3.3 Million (before the company had any revenue). Of course I was happy, but I sure do not think the company was worth anything near that amount, but who am I to complain:)?

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