Facebook IPO Could Mean $200 Million Payday for Graffiti Artist
Taking a fraction of a percent of the company in exchange for painting the lobby mural in 2005, David Choe is one of many likely to luck out when the social network goes public.
Wednesday's announcement of Facebook's $5 billion public offering, expected to value the company somewhere between $75 billion and $100 billion, is big news for some individuals even tangentially involved in the company.
The New York Times points to Davd Choe, a 35-year-old graffiti artist, who took stock options in lieu of a few thousand dollars when he painted a mural at Facebook's first offices in Palo Alto, California.
Commissioned by then president Sean Parker in 2005, Choe chose the stake (between 0.1 and 0.25 percent) in the website despite thinking it "ridiculous and pointless."
His estimated payment when the Facebook goes public is now somewhere in the vicinity of $200 million.
It's quite a sum of money for someone who describes himself on his own website as "homeless, wandering the earth, making good art and bad music."
Still, "homeless" seems to be a bit of an exaggeration. Chang's work has found its way into film sets (Juno, The Glass House), the cover of Jay-Z and Linkin Park's album Collision Course and even the White House.
Facebook's current headquarters houses "somewhat tamer" Choe murals, according tot he artist's own page on the site.