m*******r
发帖数: 1701 | 1 http://www.nytimes.com/2012/02/02/technology/for-founders-to-de
From Founders to Decorators, Facebook Riches
By NICK BILTON and EVELYN M. RUSLI
SAN FRANCISCO — 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.
Some of them are well known, like Mark Zuckerberg, the company’s co-founder
, but many others are not household names. Mr. Zuckerberg, 27, has 533.8
million shares, worth $28.4 billion based on a company valuation of $100
billion, or $53 a share. He also has undisputed control of the company, a
remarkable achievement since the company has received financing from some of
the world’s top business minds. He owns 28.4 percent of the company
outright and he controls 57 percent of the voting rights.
Facebook’s first outside investor, Peter Thiel, the billionaire contrarian,
led a $500,000 investment in Facebook in late 2004. He has 44.7 million
shares that could be worth more than $2 billion. Elevation Partners, the
venture capital firm of Bono, the U2 frontman, paid $120 million for a chunk
of Facebook’s shares in 2010 and could receive a payout that would help
mask less sage investments in Palm and Forbes.
Accel Partners, whose principal partner, Jim Breyer, invested in the start-
up seven years ago, holds 201.4 million shares. Accel could have a
thousandfold return on some of its investment.
Sheryl Sandberg, the company’s chief operating officer, holds 1.9 million
shares, about 0.1 percent of the company. But she may ultimately collect 38.
1 million additional shares, according to the filing, making her one of the
richest in a tiny club of Silicon Valley women who are billionaires.
The wealth created by a technology company’s entrance into the public
markets has long been startling. Netscape’s 1995 offering made millionaires
of scores of people, including its founder Marc Andreessen, now a Silicon
Valley venture capitalist who invested early in Facebook and holds 3.6
million shares worth nearly $200 million. When Google went to market with
its $1.67 billion I.P.O. in 2004, hundreds of people joined the millionaire
ranks, including secretaries, a company masseuse and a company chef.
Bill Gates controlled only 49.2 percent of Microsoft as it went public in
1986. Google’s co-founders, Larry Page and Sergey Brin, each owned about 15
percent of their company when it went public in 2004.
Two factors distinguish Facebook’s turn. For one, the projected value of
Facebook is enormous — the largest on record for an Internet company, even
several times greater than Google’s offering in 2004. The social network,
founded in Mr. Zuckerberg’s dorm room at Harvard eight years ago, is
expected to be valued north of $75 billion. Shares of Facebook have already
traded on the secondary market, where private shares are bought and sold,
above $80 billion.
And unlike Google’s public offering, a large chunk of the wealth tied to
Facebook has already been realized, thanks to the thriving secondary market
and an eager pool of global investors. Even if Facebook hits only the low
end of expectations for its offering, it will still yield some of the
greatest returns in the history of venture capital.
“Facebook will return insane amounts of money to the early stakeholders,”
said Alex Gould, a technology investor and instructor at the Stanford
Institute for Economic Policy Research, who has been studying venture
returns for several years. “Facebook is not just a fund-maker, it’s a firm
-maker.”
It’s a big winners circle. DST Global, the investment firm led by the
Russian billionaire Yuri Milner, owns roughly a 7 percent stake in the
company. It bought the bulk of its shares from 2009 to 2011 at valuations of
$10 billion to $50 billion.
According to the company’s filing, Mr. Zuckerberg’s father, a New York
dentist, was awarded two million shares of stock “in satisfaction of funds
provided for our initial working capital.” Dustin Moskovitz, Mr. Zuckerberg
’s college roommate, a fellow Harvard dropout and company co-founder, holds
133.8 million shares.
During Facebook’s early years, the company granted valuable options to
about 250 employees, according to two former senior Facebook officials with
knowledge of the matter. This club includes some of the largest stock
packages, these people said.
In 2007, the company stopped issuing options and switched to restricted
stock units. Still, a large number of employees hired after 2007 have
millions in shares today. David A. Ebersman, Facebook’s chief financial
officer, who was hired in 2009, has more than seven million in unvested
shares.
The list of notable shareholders also includes some people who may be
considered unwelcome at Facebook. Tyler and Cameron Winklevoss, the Olympic-
rowing pair, Harvard graduates and former business partners of Mr.
Zuckerberg, own about 1.2 million shares as part of their settlement with
the company and their former classmate, who they claim essentially stole
their idea for Facebook.
The company’s estranged co-founder, Eduardo Saverin, who provided some of
the initial financing and later sued the company for cutting his stake,
managed to cut an even larger settlement, worth 5 percent of the company. He
has since sold a large block of his shares on the secondary market. He is
not mentioned in the Facebook filing.
The payout to Mr. Choe, the graffiti artist, could provide more money from
his paintings than Sotheby’s attracted for its record-breaking $200.7
million auction in 2008 for work by Damien Hirst.
In 2005, Mr. Choe was invited to paint murals on the walls of Facebook’s
first offices in Palo Alto, Calif., by Sean Parker, then Facebook’s
president. As pay, Mr. Parker offered Mr. Choe a choice between cash in the
“thousands of dollars,” according to several people who know Mr. Choe, or
stock then worth about the same.
Mr. Choe, who has said that at the time that he thought the idea of Facebook
was “ridiculous and pointless,” nevertheless chose the stock.
Many “advisers” to the company at that time, which is how Mr. Choe would
have been classified, would have received about 0.1 to 0.25 percent of the
company, according to a former Facebook employee. That may sound like a
paltry amount, but a stake that size is worth hundreds of millions of
dollars, based on a market value of $100 billion. Mr. Choe’s payment is
valued at roughly $200 million, according to a number of people who know Mr.
Choe and Facebook executives.
Although Mr. Choe initially led a rough life including run-ins with the law,
he is wealthy even without the Facebook offering. (It is unclear whether he
sold any portion of his Facebook holdings on secondary markets.) Now a very
successful artist with gallery shows and pieces exhibited in major museums,
Mr. Choe declined requests to be interviewed for this article; he said he
wanted to maintain his privacy. He has, however, published an obscenity-
strewn book of his art, “David Choe,” which includes images of the
multimillion-dollar murals at Facebook.
Mr. Choe’s page on Facebook shows the life of a modern-day renegade artist.
Among the images of his graffiti, there is a trail of images of him
partying with scantily clad women and spending large amounts of money on
alcohol. In recent weeks, Mr. Choe promoted photos of a $40,000 bottle of
alcohol; a single shot, he boasted, costs $888.
He offers life advice in his book: “Always double down on 11. Always.” | y****g
发帖数: 36950 | 2 艺术生不是文科生。学画画的，雕塑，乐器的等等属于匠人，是学习实用技巧，不是文
科生。你能说木匠铁匠是文科生吗？设计师也不是文科生，匠人有些手艺需要更靠近理工科，比如达芬奇。或者说更像术士，炼金师一类的，要化学，工程学，画法几何，立体几何等的基础
据说国内艺术生已经和文理科都无关了。国外也是，大学的艺术学院和文学院完全不搭界啊
cash
this
【在 m*******r 的大作中提到】
: http://www.nytimes.com/2012/02/02/technology/for-founders-to-de
: From Founders to Decorators, Facebook Riches
: By NICK BILTON and EVELYN M. RUSLI
: SAN FRANCISCO — 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
| L*****G
发帖数: 12375 | 3 木匠如果经常自己搞美术设计，就是文科生。
理工科，比如达芬奇。或者说更像术士，炼金师一类的，要化学，工程学，画法几何，
立体几何等的基础
搭界啊
【在 y****g 的大作中提到】
: 艺术生不是文科生。学画画的，雕塑，乐器的等等属于匠人，是学习实用技巧，不是文
: 科生。你能说木匠铁匠是文科生吗？设计师也不是文科生，匠人有些手艺需要更靠近理工科，比如达芬奇。或者说更像术士，炼金师一类的，要化学，工程学，画法几何，立体几何等的基础
: 据说国内艺术生已经和文理科都无关了。国外也是，大学的艺术学院和文学院完全不搭界啊
:
: cash
: this
| y****g
发帖数: 36950 | 4
你说美术设计和文科有什么关系？美术设计是从文学院毕业的吗？
【在 L*****G 的大作中提到】
: 木匠如果经常自己搞美术设计，就是文科生。
:
: 理工科，比如达芬奇。或者说更像术士，炼金师一类的，要化学，工程学，画法几何，
: 立体几何等的基础
: 搭界啊
| m*******r
发帖数: 1701 | | y****g
发帖数: 36950 | 6
拜托，在国外大学呆了很多年难道还不知道艺术和文科不一样吗？
乔布斯还设计美术字呢，哈哈
【在 m*******r 的大作中提到】
: 真没劲．开始玩文科理科定义了．还能更猥琐点么．
| y**o
发帖数: 8897 | 7 我们艺术生和体育生一样,被你们瞧不起
嘲笑我们文化课只考40分.
公共英语都不要求我们过4级,这不是歧视么.
【在 y****g 的大作中提到】
:
: 拜托，在国外大学呆了很多年难道还不知道艺术和文科不一样吗？
: 乔布斯还设计美术字呢，哈哈
| y****g
发帖数: 36950 | 8
有文化课很好的艺术生，比如建筑设计，高考分数要求很高，还要考画画，还要学高数，学三大力学。还有声学，光学，建筑材料等。
【在 y**o 的大作中提到】
: 我们艺术生和体育生一样,被你们瞧不起
: 嘲笑我们文化课只考40分.
: 公共英语都不要求我们过4级,这不是歧视么.
| y**o
发帖数: 8897 | 9 我就是
嗯
---cayi留
数，学三大力学。还有声学，光学，建筑材料等。
【在 y****g 的大作中提到】
:
: 有文化课很好的艺术生，比如建筑设计，高考分数要求很高，还要考画画，还要学高数，学三大力学。还有声学，光学，建筑材料等。
| j*****p
发帖数: 24000 | 10 素描课上画裸模，有没有哥们会勃起？
【在 y**o 的大作中提到】
: 我们艺术生和体育生一样,被你们瞧不起
: 嘲笑我们文化课只考40分.
: 公共英语都不要求我们过4级,这不是歧视么.
| y**o
发帖数: 8897 | 11 现在可能不一样了
我们当年男的要兜个鸡巴袋
女的穿三角裤
裸模很多都是郊区农民
吃过馅饼哗啦一把脸就来上班了
满屋子韭菜味道
【在 j*****p 的大作中提到】
: 素描课上画裸模，有没有哥们会勃起？
| y****g
发帖数: 36950 | 12
丫审美水平太差，而且人很土，肯定不是学建筑设计的，如果真在建筑界，顶多是个工
民建或者给排水，采暖通风啥的。
搞建筑的一般还是很时尚的。而且知识面要广，还要学历史，(建筑史,美术史）要懂政
治懂宗教文化，要明白各种古今中外各种意识形态下的不同建筑形式，因为要为政治宗
教服务，还要伶牙俐齿能忽悠客户，还要研究点经济，
看cayi在花生发的帖子就知道他绝对不是学设计的，花生有几个学设计的mm,发的帖子，奔的衣服都不俗的
【在 y**o 的大作中提到】
: 我就是
: 嗯
: ---cayi留
:
: 数，学三大力学。还有声学，光学，建筑材料等。
| y****g
发帖数: 36950 | 13
美术学院的老师最喜欢让学生画皮肤都皱巴巴的老头老太太，破旧的东西才有细节，有
质感，画好了也容易出效果。魔鬼都在细节中。你画多了会阳痿，不会勃起来的
画堵破墙的裂纹恨不得吧墙破开，要把里面的砖，中间的抹灰层，和外面的漆的剥落都
一层层画出来。画条破烂牛仔裤要注意牛仔裤的猫须，水波等皱褶凸起处磨损的色彩和
凹陷处沉积的灰尘污渍表现出来。
【在 j*****p 的大作中提到】
: 素描课上画裸模，有没有哥们会勃起？
| L*****G
发帖数: 12375 | 14 看你的理解力，果然是理科生。文学只是文科的一种。
【在 y****g 的大作中提到】
:
: 美术学院的老师最喜欢让学生画皮肤都皱巴巴的老头老太太，破旧的东西才有细节，有
: 质感，画好了也容易出效果。魔鬼都在细节中。你画多了会阳痿，不会勃起来的
: 画堵破墙的裂纹恨不得吧墙破开，要把里面的砖，中间的抹灰层，和外面的漆的剥落都
: 一层层画出来。画条破烂牛仔裤要注意牛仔裤的猫须，水波等皱褶凸起处磨损的色彩和
: 凹陷处沉积的灰尘污渍表现出来。
|
|
