Cloud, edge and decentralized computing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cloud, edge and decentralized computing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stockman_scott who wrote (732)	8/31/2011 8:12:22 AM
From: Glenn Petersen	1 Recommendation Read Replies (2) of 1685

Dropbox Forced To Settle For $4 Billion Valuation After Markets Tank Alyson Shontell Business Insider Aug. 30, 2011, 2:32 PM Rumors have been swirling about the massive round Dropbox is raising. Today, TechCrunch zeroed in on the final valuation and the lead investor. Index Ventures is leading a round that will give Dropbox a $4 billion valuation, says Mike Arrington. The valuation falls at least $1 billion short of earlier reports. At one point Dropbox was rumored to be getting offers at $8 billion. So what happened? The uncertain market likely scared investors. Yesterday we reported that investors were pulling out of signed term sheets, leaving entrepreneurs high and dry. Dropbox probably experienced something similar. Another possible scenario, Arrington says, is that Dropbox wanted specific investors who would only invest at a lower valuation. businessinsider.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next