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A comment on The market doesn't care about your overpriced valuation (Failbook). Parent comment

Re:The market doesn't care about your overpriced valuation (... by thebmax on Tuesday August 07, 2012 @08:57PM (#4353286)
I believe that Peter Thiel, Accel Partners, and several other early investors sold a considerable part of their shares in the IPO.

That being said, I agree with your article and you make lots of good points!

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Re:The market doesn't care about your overpriced valuation (... by wkasel on Tuesday August 07, 2012 @08:59PM (#4353296)
Yes, typically you have a negotiated rate, such as 5%, 10%, whatever. You're right I saw the s-1, but even then they still lost a lot, and the employees got screwed.
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