Tech Crunch landed a
nifty scoop Saturday, publishing the name of a wealth-management advisor who purportedly is trying to sell shares of Facebook belonging either to an early investor or early employee. This is a peak inside the murky netherworld of investing in startups whereby shareholders in a private company can sell their shares under certain circumstances directly to other investors.
What’s particularly juicy about the revelation is that the investors are shopping a valuation significantly below the infamous $15-billion point Microsoft established when it invested in Facebook last year (the valuation at which a company raises money becomes the de facto valuation). Tech Crunch is reporting that Facebook’s valuation may have fallen as low as $3 billion, at least according to those doing the selling.
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Source: CNNMoney
