As Facebook (FB -3.4%) sells off on news director/seed investor Peter Thiel has cashed out in a...

|About: Facebook (FB)|By:, SA News Editor

As Facebook (FB -3.4%) sells off on news director/seed investor Peter Thiel has cashed out in a big way, VC Fred Wilson defends Thiel's actions by arguing investors are obligated to return capital to clients as quickly as possible. But as Dan Primack points out, most of Thiel's sales involved his personal stake in Facebook. VC Ann Winblad also defends Thiel, but thinks Facebook and other public companies are better off not having VCs such as Thiel serve as board members.