Mark Zuckerberg cashes out? - Valleywag Comments

Mark Zuckerberg cashes out?

Trackback — Sat, 08 Dec 2007 15:38:51 PST

Nick Denton, who still claims he's the world's greatest investigative journalist even though he twice incorrectly identified Fake Steve and swore both times he had me dead to rights, is determined to make a go of this Valleywag gossip blog.

Trackback

Mark Zuckerberg cashes out?

dalejo — Sat, 08 Dec 2007 12:49:44 PST

VC money should be funding the company's operations not stuff like this.

It is a smart move on his part though. He'll have some cash when the place is worth next to nothing in a couple of years.

dalejo

Mark Zuckerberg cashes out?

Owen Thomas — Sat, 08 Dec 2007 12:38:10 PST

Please note: An unimpeachable source now tells me the rumor's untrue. Here's my theory on why it spread in the first place.

Owen Thomas

Mark Zuckerberg cashes out?

DeathByBubble — Sat, 08 Dec 2007 12:36:16 PST

What's wrong with Zuckerberg cashing out? The message it sends to Facebook employees and investors. They are the ones working the long hours or putting up the cash to make Facebook a player, but they don't even have real stock to sell and their CEO is already making millions. The message: I'm getting out while I can and too bad for the rest of you. If Facebook employees have any cojones there would be hell to pay at 9am Monday morning. I know today's employees are scared shitless of their employers but it seems to me that Facebookers have nothing left to lose-- their boss has already thrown in the towel. And there's so much employees can do to put management against the wall to get themselves a better deal. So yeah, great for Zuckerberg... bad for business. Money is not the only factor in the equation!

DeathByBubble

Mark Zuckerberg cashes out?

DaveMcClure500Hats — Sat, 08 Dec 2007 12:11:50 PST

not surprising, altho you would think this strategy would have made more sense 1-2 rounds ago... the risk was much higher for mark (as an individual) to pass up a decent acquisition offer and keep swinging for the fences. at this point, it's more gravy than motivational.

still, smart move & not undeserved / not a big deal.

DaveMcClure500Hats

Mark Zuckerberg cashes out?

Riemannian — Sat, 08 Dec 2007 10:39:34 PST

Smart kid. Now he can make proper business decisions without having the psychological factor of remorse or regret of cashing out weighing him down.

Riemannian

Mark Zuckerberg cashes out?

0x6772 — Sat, 08 Dec 2007 09:12:22 PST

So does he now start buying real shoes or get rhinestone-encrusted sandals?

0x6772

Mark Zuckerberg cashes out?

sggrf — Sat, 08 Dec 2007 09:10:42 PST

The only thing stopping this from happening more is the VC's that tend to try to dominate the board and prevent CEO's from selling stock.

sggrf

Mark Zuckerberg cashes out?

mandarin — Sat, 08 Dec 2007 09:01:34 PST

Hey everyone needs to spend money here and then.. Whats wrong with him cashing out?

mandarin

Mark Zuckerberg cashes out?

lophat — Sat, 08 Dec 2007 08:49:06 PST

Love it. No reason for Mark to continue living like a college student when he's sitting on top of a $15B company. This is a great precedent for founder/investor expectations going forward. All smart founding teams will be pushing for Thiel-style FF shares.

lophat

Mark Zuckerberg cashes out?

sggrf — Sat, 08 Dec 2007 08:28:06 PST

Good move on his part. No one ever looks smart by overplaying their hand.

sggrf

Mark Zuckerberg cashes out?

MrMedia — Sat, 08 Dec 2007 08:18:42 PST

i would have cashed out 100% when Yahoo came calling to the tune of $750,000,000

MrMedia

Mark Zuckerberg cashes out?

BogusPocus — Sat, 08 Dec 2007 07:09:15 PST

Would be surprised if all of this tied into something coming out about Zuckerberg in the future.

BogusPocus

Mark Zuckerberg cashes out?

willontech.com — Sat, 08 Dec 2007 03:40:44 PST

Mark's in the money. Jeez buddy, you could buy me for 0.01% of that (+ a place to plug in my hot rollers) . I could be your Lucy- Mark (Hell I've got a foot on her height wise, and I can grow facial hair.
Bargain ?!? Ummm YUP!

On second thoughts... Scrap that, I mean listen to me, I'm like a gay version of Julia Allison. Ironically, there's even a point I won't go to.

willontech.com

Mark Zuckerberg cashes out?

Dweezil — Sat, 08 Dec 2007 03:07:35 PST

This doesn't really strike me as shocking, he's doing the smart thing of hedging his bets. If I were him I would have sold much more, considering social networks have notoriously short life-spans, Beacon was his great plan for world domination, and he was so disappointed that Microsoft took control of their ad inventory.

Dweezil

Mark Zuckerberg cashes out?

Figaro — Sat, 08 Dec 2007 01:09:02 PST

Facebook valuation down round is now imminent.

Figaro

Mark Zuckerberg cashes out?

anthropocentric — Sat, 08 Dec 2007 00:54:49 PST

Wow...

anthropocentric

Mark Zuckerberg cashes out?

sample032 — Sat, 08 Dec 2007 00:50:26 PST

I suppose it's only right that MySpace ushered in Bubble 2.0, and the Facebook IPO will signal it's end.

sample032