Dropbox Now Valued At About $4 Billion [RUMOR]

Cloud storage company Dropbox is now valued at about $4 billion according to a rumor. This is based on an investment round led by Index Ventures. Supposedly some venture capital firms even considered giving Dropbox an $8 billion valuation. Dropbox was founded by MIT graduates Drew Houston and Arash Ferdowsi as a Y Combinator startup. Dropbox’s 2010 revenue was estimated to be around $100 million. [TechCrunch]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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