With Facebook set to IPO on May 18th and expected to raise over 10 Billion in case, somewhere around 1000 Millionares will be created out of Facebook employees. Pretty ridiclous, but pretty cool. I hope they use their money to do good things. My favorite example of this is how Elon Musk used money from his first two startups to fund an electric car company, a solar panel company, and a rocket company. I think when young tech people make a lot of money, they want to use it to fund even cooler ideas. In other fields, and with people with old money, they don’t seem to share the same mindset of creating something awesome. They will probably invest the money institutionally or into something like real estate. Not that there is anything wrong with that, but I somehow feel building and desiging rockets and sending shit into space is worth a lot more to use than someone buying a new apartment with a view of Central Park…

 

“Now, after a blockbuster $5billion Facebook stock exchange flotation moved a step closer today, at least 1,000 employees of the social network based in Menlo Park, California, are finally on their way to becoming millionaires. Facebook today submitted paperwork to regulators for the most anticipated initial public offering since Google in 2004, expected to value the hugely-successful company at up to $100billion. Thanks: This image in the IPO filing shows some of the employees likely to benefit. Founder Mark Zuckerberg is pictured centre under the white space”

Facebook IPO: Staff plan lavish spending with IPO set to create 1,000 millionaires | Mail Online