Google Early Investors
This article ( http://www.siliconvalley.com/mld/siliconvalley/9253870.htm ) says the following:
Ass or grass.
Shaquille O'Neal and Tiger Woods are also early investors. It's good to see those two tech gods got in on the action early.
I heard there was a scam going around where some guy sold pre-ipo google shares to otherwise intelligent and industry savvy people. I wonder who fell for that one?
People who serve on a company's board of directors are often given shares. This is pretty close to "free"; just show up at the board meetings and file your expense report for the plane ticket/hotel.
Maybe that's why Joel has been (relatively) quiet recently. He's been packing for his move to [insert name of luxurious, rich-person's abode].
Joel never mentioned where he got those google shares from. Maybe he does work for VCs or something.
The percentage of shares insiders are selling for the IPO is trivial. $100 mill out of $2Bill? 5% of their stake.
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