Tuesday, August 30, 2011

Dropbox worth $4 billion, on a bad day

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Dropbox is finally moving to close that massive valuation venture round we’ve been talking about all summer. According to multiple sources, Index Ventures will lead the round, which values Dropbox at around $4 billion.

At some point I hope that the entire story comes out about this round. Nearly everyone in Silicon Valley has taken a look. There was early interest at valuations of $8 billion or more, although one source says that it may have been firms who threw out huge numbers just to get a look at the company’s financials. As of a couple of weeks ago I had “firm” information that the round would close at $5 billion or more.

Posted via email from Inspiration

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