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To: stockman_scott who wrote (702)	7/12/2011 8:36:08 PM
From: Glenn Petersen	1 Recommendation of 1685

A jaw dropper, if true: Dropbox Raising Massive Round at a $5B-Plus Valuation By Sarah Lacy TechCrunch Tuesday, July 12th, 2011 We’ve heard from multiple sources that Dropbox is finally moving on raising its next venture round and it’s a whopper. They’ve had preliminary conversations with several investors, several solid offers they’ve passed on earlier this year and are meeting with investment banks to handle the offering now. Allen & Co. is said to be in the mix, but we’ve also heard nothing has been finalized. The real news are the numbers we’re hearing from multiple sources close to the company. Dropbox is looking to raise between $200 million and $300 million according to these sources. In terms of valuation, the company has already had multiple offers at a valuation north of $2 billion range, and recently more informal discussions in the $8 billion-valuation range. Our sources expect the valuation to end up in the $5 billion to $10 billion range. That’s quite a step up from its previous funding rounds which have totalled a tiny $7.2 million. There will no doubt be a secondary component to the round, but our sources say it’ll be less than 50% of the total amount raised. We’ll update as soon as we know more. techcrunch.com

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