Re:Facebook to let employees sell some stock — at internal $...
by netcan on Tuesday August 05, 2008 @10:24PM
(#268141)
Well it is a good idea (I guess) if you want to keep taking chances but don't want an IPO or acquisition.
You can't expect employees to keep working for risky stock forever.
They'd have (I assume) a good few employees with $1/2m - $1m or even $50 - $100k worth of stock. For many, it's probably more then everything else they own put together. You wouldn't want to put everything you own on one risky & speculative tech stock. They'd be pretty keen on an IPO.
I guess letting them cash out a bit is a way of releasing some of that pressure so they can keep taking risk.
They'd have (I assume) a good few employees with $1/2m - $1m or even $50 - $100k worth of stock. For many, it's probably more then everything else they own put together. You wouldn't want to put everything you own on one risky & speculative tech stock. They'd be pretty keen on an IPO. I guess letting them cash out a bit is a way of releasing some of that pressure so they can keep taking risk.