Friend the Public
Business casual startup attire can be so constricting. Beyond logo t-shirts or branded baseball caps, there’s little room investors and entrepreneurs to really express themselves with individual flair.
According to the New York Times Style section, however, some Silicon Valley big wigs have found a way around that . . . by wearing colorful, flashy, patterned socks. Apparently everyone from Twitter’s Dick Costolo to Accel Partners’ Jim Breyer (he of the manifold Facebook shares) is doing it. In some West Coast equivalent of Warby Parker or Bonobos, there’s even a brand of choice: a four-year-old Swedish brand called Happy Socks.
IT’S FINALLY HEEEEEEEEEEEEEREEEEEEEEEEEEEE!!! Here’s what we learned:
Mark Zuckerberg has 28.2 percent voting power, pre-IPO based on personal shares: 28.4 percent of class B shares. But that’s not all. “As a result of voting agreements with certain stockholders, together with the shares he holds, Mark Zuckerberg, our founder, Chairman, and CEO, will be able to exercise voting rights with respect to an aggregate of shares of common stock, representing a majority of the voting power of our outstanding capital stock following our initial public offering.” Altogether, that gives him majority control with 57 percent voting rights.