A Wise Choice

In 2005, David Choe, a graffiti artist, was invited to paint murals on the walls of Facebook’s first offices by Sean Parker, Facebook’s president at the time.

As payment for services rendered, Facebook gave Choe the choice between a few thousand dollars in cash or stock options. Despite believing the idea of Facebook was “ridiculous and pointless,” guess which option he chose?

Yup, he chose the stock. Despite only owning between .25 and 1 percent stake in Facebook (the NYT’s best educated guess), after the company filed an IPO yesterday, Choe’s stock is worth somewhere in the neighborhood of $200 million.

Sometimes the dice comes up sevens, sometimes it comes up craps.

Comments on this entry are closed.