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In defence of newspapers and serendipity
(hip hop beat in background)
They get cash gain of 2 million. Their fund is worth 600 Million. The % Gain is minuscule for the fund.
And they were offered no shares in facebook. Which by today's numbers the valuation would have been 10 Times the price of the FB Round in June last year... (according to the Microsoft 1% for 100 Million).
So yeah. They can be pissed. They shouldn't have sold out, but i think its more of a case of the head developer saying he'll walk in any event and they should just take what they cold get.