Facebook IPO filing thoughts

Here is a link to the Facebook IPO filing:

http://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm

It makes for compelling, if long!, reading.

As someone starting out on the journey, like I am, then what amazes me is how much of the business still remains in the hands of Mark. Its around 60%, even given all of the funding rounds (5) the business has been through.

As a nice story, its good to see his Dad, the original backer, getting recognised in the share allocation – even though he messed up on activating his share options within the original 12 month window.

I guess when you have something that good you dictate the terms.

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