For Founders to Decorators, Facebook Riches – New York Times
At this point, everyone should be aware of Facebook’s recent IPO filing. Although we won’t be able to trade shares for a few more months, there is already a lot of excitement. Aside from Mark Zuckerberg, there are quite a few people who have (or will be) swimming in riches when they cash in their shares. The New York Times brought light to one of the lesser known “owners,” David Choe.
David Choe is a graffiti artist that was invited to Facebook’s headquarters in 2005 by Sean Parker. His job was simple – to paint a mural on the wall. Not too crazy, right?
Upon completion, Sean Parker gave Mr. Choe a choice of how he would like to be paid for his work – cash or stock options. Although Mr. Choe wasn’t overly optimistic about the company’s future, he took a risk and chose the stock options.
The payment Mr. Choe was set to receive was initially meant to be in the “thousands of dollars” range – nothing big. But now that Facebook has grown into what it is today – Mr. Choe’s stock options will be worth 200 Million dollars.
Not bad for a graffiti artist.