A Lot Of Dropbox Employee Stock Is Being Bought Right Now


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.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.