Facebook graffiti artist now worth $200 million

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Steve-o

Steve-o

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Awesome. :rockon:

http://www.cbsnews.com/8301-501465_...ok-graffiti-artist-from-homeless-to-millions/

Choe was hired by then Facebook president Sean Parker to paint a mural at Facebook's first office in Palo Alto in 2005. When the mural was finished, Parker gave Choe the option of taking cash or stock options. At the time, Facebook was only a year old and only open to college and high school students. There was no "like" button, no revenue from advertising and no hype of a $5 billion dollar IPO.

Instead of taking cash, Choe took a chance and opted for the stock options. If you're not familiar with the Silicon Valley culture, gambling on a dot com has either failed miserably or made millionaires out of receptionists.

According to a Facebook employee, Choe was added on as an "adviser" and received 0.1 to 0.25 percent of the company. After you do the math, Choe's share could be worth $200 million. That's a mind-blowing figure, if you also consider that Choe has been homeless since painting that fateful mural.
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She goes from being Homeless. To never having to worry about money again. Why was she waiting this long to cash in on her stocks.
 
king of kings said:
She goes from being Homeless. To never having to worry about money again. Why was she waiting this long to cash in on her stocks.
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BB doesn't care, but MyFace is going public: Prior thereto, there really was nothing to cash in. Her interest is being converted into shares, to be sold (or not) at the IPO or a later date.

Cheers, BostonTim
 
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