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Monday, April 27, 2015 9:09:41 PM
fb was once a subpenny stock.
early investors were able to buy in, millions of shares, for under .01 per share. with no r/s either. not saying this is the next fb,
but just showing an example that sometimes sub penny startups
in the tech world with billions of shares still work out for investors.
better odds than a lotto ticket.
Two early company angels, now billionaires as well, are also selling. Zynga CEO Mark Pincus invested $40,000 around late 2004, as did LinkedIn CEO Reid Hoffman, and each will be selling more than 1 million shares on Friday. Post-offering, Pincus’ remaining stake will be worth $137 million (at $38 a share). He will take home nearly $37 million after-tax from selling shares. Hoffman’s remaining 3 million shares will be worth $115 million and he’ll reap about $35 million (after taxes) from selling.
http://www.forbes.com/sites/ryanmac/2012/05/17/how-much-facebooks-billionaires-are-worth-now-that-ipo-has-priced/
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