Peter Thiel: Facebook Won't IPO Until 2012 At The Earliest
Thiel says that Facebook wants to follow the example of Google, and doesn’t want to IPO until late in the process (which he claims is a byproduct of Sarbanes Oxley and other regulation).
In 2003, Thiel made a $500,000 angel investment in Facebook for 10.2 percent of the company. Thiel also said today at TechCrunch Disrupt that Facebook’s $30 billion valuation is still undervalued. That’s something FriendFeed co-founder Paul Buchheit agrees with as well.
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