Genius Move by Facebook
Eric Eldon over at VentureBeat writes:
Facebook has an internal valuation of $4 billion, as we’ve previously reported. It will begin letting current employees sell 20 percent of their fully vested stock options at that valuation, starting this fall, I’ve learned from well-connected sources.
This is genius, from a talent management perspective. Early employees can reap the benefit of their hard work and will potentially help to lower the attrition rate. A nice reward to employees.
From one founder to another: holding out for the golden egg may not be the best idea – if you have the chance to dollar cost average, go for it.