Monday, April 19, 2021 10:42:49 AM
In 2005, Facebook, a start-up social networking site Choe once called "ridiculous," approached him with a proposition. Sean Parker, president of Facebook at the time, asked Choe to paint his famous murals on the office walls for $60,000 or company stock.
Choe chose the stock, and when Facebook, started by Mark Zuckerberg in his Harvard dorm room, announced its IPO this month, or initial public offerings of stock, to raise $5 billion, Choe made an estimated $200 million.
was that a scam too ?
The Investor has given the company money when no one else would, at terms that they may never get anything back, and many years later. Its a risk some are more willing to take and sometimes it pays off and other times its a write-off.
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