Back in 2005, famous graffiti artist David Choe was taking on a pretty unusual gig with one rising technology firm. Mark Zuckerberg, in an attempt to give life to the already rebellious vibes inside the tech hub Facebook, thought
no better man would do that but Choe, with his style of artworks popping with colour.
The catch? Instead of taking the $60,000 cash that was offered, Choe made a gamble that would change his life: he opted for stock compensation in the form of Facebook. At the time, he viewed the company as a rather dicey
venture, but his instincts-or perhaps his adventurous spirit-pushed him to take shares in the company.
Fast-forward to 2012: Facebook went public in one of the largest IPOs ever. Choe’s decision to take shares in the company proved to be a masterstroke. His stock, once valued at a mere $60,000, surged to more than $200
million, making him arguably one of the most successful “accidental investors” ever.
The story of Choe is one of a fortunate tale of risks taken, instincts followed, and how life can get utterly out of
control. And his murals have become iconic, a lasting symbol of art meeting at the crossroads with the meteoric rise of Silicon Valley.
Life Lessons from David Choe’s $200 Million Gamble
1. Take Calculated Risks:
The decision of Choe to take Facebook stock instead of cash was bold and unconventional. At that time, Facebook was just a fledgling tech company that had no guarantee of success. However, Choe took a calculated risk, and it paid off massively. Lesson: Never shy away from opportunities that seem risky but have massive potential rewards.
2. Trust Your Instincts:
He thought at the time that the concept of Facebook was “pointless,” yet he followed his instincts and took the shares. Often, our instincts guide us toward choices which logic alone may overlook.
3.Embrace Opportunity, Even If It Seems Small:
At the time, painting murals for a startup probably didn’t seem like a life-changing project, but Choe treated it with creativity and passion. Lesson: Take every opportunity as a stepping stone-small actions may lead to extraordinary outcomes.
4.Invest for the Long Term:
The story of Choe really brings out the fact that one should always think beyond immediate gratification. Stock over cash reflects value in patience and foresight that build lasting wealth.
5.Art Meets Entrepreneurship:
The story of Choe reminds one that the world of creativity does not exclude the business world. Artists also can get good money by aligning their capabilities with corresponding entrepreneurs venturing.
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