The problem with that line of thinking is that those valuations would have only been possible with Zuckerberg and his cadre of Harvard branded friends at the he

The problem with that line of thinking is that those valuations would have only been possible with Zuckerberg and his cadre of Harvard branded friends at the helm of Facebook. If Ceglia exercised his right to those shares so early in the stage, those people could have easily been poached by Google or started another company. Just because Peter Thiel and other investors valued it highly doesn't make it so. Would you agree with his investment in largely failed Friendster? No one should be beholden to imaginary valuations by pre-IPO investors who have a higher tolerance for risk.