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5,485,448 Views • Jul 30, 2021 • Click to toggle off description
You see, when Facebook was in its early years the walls of the startups office were rather bland… they needed someone to liven it up a bit.
So, they hired professional vandal, David Choe to do a few murals for the office. When asked how he wanted to be paid, Zuck offered him $60,000 or the equivalent in Facebook stock
David, without even having How Money Works to give him this wisdom, decided to go with Facebook stock for his compensation
When Facebook went public 6 years later, David’s $60,000 in restricted stock had ballooned in value to 200 Million, and represented about 4% of the entire company at IPO.
Not a bad commission if you ask me.
If you want to know how to make smart decisions like David, make sure to like and subscribe to keep on learning How Money Works
#Shorts
___________________________________________________________________________
Link To The Capitalists Discord where I hang out with other creators - discord.gg/8MeNJ7gfSR
Views : 5,485,448
Genre: Education
License: Standard YouTube License
Uploaded At Jul 30, 2021 ^^
warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
Rating : 4.899 (8,235/318,058 LTDR)
97.48% of the users lieked the video!!
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User score: 96.22- Overwhelmingly Positive
RYD date created : 2022-04-08T09:32:37.887505Z
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1,383 Comments
Top Comments of this video!! :3
Wait they gave him 4 percent of a company to put some paint on the wall? 😂
16K |
This is the gambler's fallacy. If facebook failed, then Choe's stocks would be worth nothing. Because it worked out well one time for this one guy doesn't mean it's smart to be paid in stocks.
5.4K |
Always wondered why this dude was the richest comic artist even more then Todd McFarlane, especially after seeing his work, it makes alot more sense now
716 |
You can’t predict a decision like this it was a gamble. Fb may have never became anything
1.9K |
"If you wanna know how to make smart decisions like David..."
Yeah, please learn me where to get the opportunity to make smart decisions.
596 |
John is a graffiti artist, instead of being paid in cash, Banana and Prum Co offered the money as stocks. Now John lives in a van
583 |
A good example of survivors bias.
Choi made $199,940,000 from his decision, so he gets to go on many talk shows and be in the public eye, along with share this story with pride.
But there are likely dozens of choes who lost money, and therefore either never got the spotlight or didn't want to share this expirience.
1.1K |
The street artist who accepted Theranos stock from Elizabeth Holmes wasn’t so lucky
99 |
All I got for vandalizing my office was arrested :(
264 |
I loved his hitchhiking series, shit was funny asf.
89 |
“You didn’t make good decisions, you had good options.”
2 |
Somehow I find it hard to believe he was THAT smart. Seems like luck to me.
435 |
"smart decisions" like investing 60k in a random startup? lotta survivorship bias here
65 |
"if you want to learn how to make smart financial decisions ...follow me" Killed me, good joke.
56 |
He looks like he bout to teach you karate
1 |
He didn't understand how he was being paid.
And this was a smart decision?
No. It was a lucky decision. Imagine if he was hired by Enron to do art? You think it's still a smart idea
415 |
going off his instagram, hes just happy go lucky. he probably decided "why tf not" and just got lucky
12 |
For hours of laughter, you can see the guy in vice's old series called thumbs up
74 |
His decisions is only smart in hindsight, the 60000 in stock is useless if the company never goes public so he got lucky that Facebook did. Pretty basic logic if you know how it works. Irl example where the same decision is seen as really stupid in hindsight was Ian and Anthony selling smosh in exchange for stock in smosh, and that company never took smosh public till they went bankrupt/stole all the money, Ian and Anthony gave away smosh for nothing.
66 |
@Zeithri
3 years ago
But that's NOT A SMART DECISION .
THAT'S AN INCREDIBLY LUCK-BASED DECISION.
31K |