''When Facebook was starting out, they needed a painter to spray paint the walls of their new head office. Dave Choe got the job.
When the mural was finished, Sean Parker who was president of Facebook at the time gave Choe the option of taking cash or stock options. At the time
When the mural was finished, Sean Parker who was president of Facebook at the time gave Choe the option of taking cash or stock options. At the time
, Facebook was only a year old and only open to college and high school students. There was no "like" button,
...no revenue from advertising and no hype of a $5 billion dollar IPO.
Instead of taking cash, Choe took a chance and opted for the stock options.
It was a risky decision
...no revenue from advertising and no hype of a $5 billion dollar IPO.
Instead of taking cash, Choe took a chance and opted for the stock options.
It was a risky decision
. As Choe told Stern, at that time “Facebook was a joke.” There was no guarantee that the business would amount to anything and his shares could wind up worthless.
Choe was added on as an "adviser" and received 0.1 to 0.25 percent of the company.
Shortly after Facebook went
Choe was added on as an "adviser" and received 0.1 to 0.25 percent of the company.
Shortly after Facebook went
public in 2012 and Choe's share became worth around $200 million. It made him a millionaire in dollars.
Today, the same shares is worth over $500 million.
He would have earned only $60,000 if he had agreed to cash payment''.
-Chukwudi Iwuchukwu
Today, the same shares is worth over $500 million.
He would have earned only $60,000 if he had agreed to cash payment''.
-Chukwudi Iwuchukwu
