A big secondary trade is happening at Dropbox right now, sources say.
It is the second part of the $250 million funding round Dropbox raised in October and it will allow employees to gain some liquidity.
Allen & Company is involved. One source tells us Allen & Co is buying up the employee stock; another wasn’t certain if Allen & Co was buying them or acting as an agent.
Dropbox, which has more than 50 million users and generated about $240 million last year, is one of the most loved Silicon Valley startups right now.
As of October it had 70 employees and grossed three times more per worker than Google. The file sharing company, which was founded in 2007, is profitable and has a jaw-dropping valuation of $4 billion.