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Eric Eldon has been pulling sources out of his hat today. The latest one claims that LinkedIn employees have been given a similar agreement to Facebook in which they can sell up to 20 percent of their shares at a $500 million valuation. I’m guessing that a source came out of the woodwork after they saw the earlier story about Facebook letting employees sell their shares.
This is an interesting phenomenon as it has become more challenging for web start-ups to go public.