Jim Breyer, the venture capitalist whose firm Accel Partners made an filing with the Securities and Exchange Commission., last week sold shares of Facebook worth more than $81.1 million, according to a
More specifically, Breyer, who sits on Facebook's board, sold 3,563,387 shares at prices ranging from $22.48 to $23.29 per share. The sales occurred last Thursday.
While those prices are a far cry from the $38 a share that Facebook went public at in May, Breyer still hit a high point of late. The stock had just rallied following Facebook'sand an call with Wall Street analysts in which CEO Mark Zuckerberg talked up the . A week earlier, the stock was trading around $19.
Breyer, according to the filing, still holds more than 7.2 million shares, which, at Facebook's current price of $21.94, is worth more than $157.6 million.
Breyer courted Zuckerberg in Facebook's early days and eventually got him to agree to take a $12.7 million investment that valued the company at $93 million. What a bet that turned out to be -- for him and his firm. Accel sold $2.1 billion worth of shares into the IPO.
Correction, 5:45 p.m. PDT: This story incorrectly stated the amount of the sale. Breyer sold shares of Facebook worth more than $81.1 million.