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Facebook Inc. is set to unleash massive paydays in the venture-capital industry—including a potential record-breaking $9 billion jackpot for one venture firm.
Facebook is expected to file to go public soon, raising as much as $10 billion at a valuation of $75 billion to $100 billion in what would be one of the biggest-ever U.S. public debuts, people familiar with the matter have said.
At those values, the venture-capital firms that funded the social network in its early days in 2005 and 2006 are poised to see their investments of around $12 million each in Facebook balloon into multi-b
Chief among the beneficiaries would be Palo Alto, Calif., venture-capital firm Accel Partners, which invested $12.7 million in Facebook in 2005 when the company was priced around $100 million. While Accel has since sold a small percentage of its Facebook shares, it could still reap around a 1,000 times return, with its stake potentially worth as high as $9 billion (taking into account dilution and other factors), said people familiar with the matter.
Originally posted by Corruption Exposed
reply to post by Tifozi
My jaw dropped when I first read this story, even though I wasn't that surprised. Us little people are expected to follow the law and are responsible for the consequences of our actions meanwhile these corporate thugs manipulate the markets for their own personal gain. I can almost guarantee that if this were to be properly investigated they would uncover insider trading.
Originally posted by Corruption Exposed
Too bad they didn't let us in on the action until now.