[untog]

It'll be interesting to see what Facebook employees do once the IPO goes through. There must be a good number that want to break off and do their own thing, but are sitting on stock they don't want to lose. It'll be interesting to see what ideas/startups they come up with.

Didn't the same happen when Google IPO'd?

[arctangent]

I think the canonical example (but not necessarily the first) is the "PayPal Mafia" [1]. Many early PayPal employees went on to found successful companies in the wake of the dot-com bust at the end of the nineties.

[1] http://en.wikipedia.org/wiki/PayPal_Mafia

[necrecious]

They probably have to wait a bit before selling their shares. So you won't see an exodus until probably a year or two down the road.

[CyrusL]

The lockup is 180 days

[necrecious]

for vested shares. I am assuming most will not have all their shares vested yet.

[rationalbeats]

Really?

4 year to vest for most companies here so if you were hired in winter of 2008 into spring of 09 all of those shares will be vested by time the lock up expires.

That is assuming they file next week go through the 3-4 month quiet period and revisions to their S-1 and then IPO late spring, maybe June and then the lock up expires in December 2012.