With Facebook expected to file for its IPO today after the markets close, there's talk that it will create "1,000 overnight millionaires," as Google's 2004 IPO did. That's on paper, and not until the middle of next year when they could sell the stock. A stock generally doesn't begin selling until three or four months after the filing.
The Wall Street Journal has some doubt, saying:
If the 1,000 number is true, then every one of the company's 700 employees as of the end of 2008, as well as hundreds of other employees and investors, have shares worth at least $1 million or more.
Silicon Valley Realtors reportedly are hotly anticipating a major uptick in sales and even the state is factoring in a "Facebook effect" to the economy that could top $1 billion, SiliconValley.com reports.
While it's hard to image the hype over this IPO growing any more frenzied, it is fun to think about landing that type of windfall. And in a show of astute timing, should that day come, the Journal also has a separate article on writing that "I'm Outta Here" email. In leaving any job, it's best not to burn bridges. Who knows when you'll be working - or want to work - with any of these same folks in the future? (OK, maybe not if you're a Facebook millionaire.) In the article, though, people have fun with it, such as these:
Subject line: Free food in the cafeteria!
Message: "With a young family, I'm hunting for employment - but you'll be pleased to know I've also begun work on my long-delayed book and instructional DVD, 'Rhymes with Truck: How to Use Profanity in Every Sentence.' "
"I'm especially looking forward to this [new] job because my boss already loves me (my wife is president of the company), and she's unlikely to fire me as we would have to take our kids out of private schools. I won't mind reporting to her because I already do."
"For nearly as long as I've worked here, I've hoped that I might one day leave this company. I have been fortunate enough to work with some absolutely interchangeable supervisors on a wide variety of seemingly identical projects-an invaluable lesson in overcoming daily tedium in overcoming daily tedium in overcoming daily tedium."
That one, written by Chris Kula about a receptionist's position at a New York City engineering firm, was a parody that was never sent, but went viral anyway. It also got him a job as a TV comedy writer in Los Angeles.