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A comment on Dropbox May Not Be LeBron James, but Is Still in the Game. Parent comment

Re:Dropbox May Not Be LeBron James, but Is Still in the Game by rokhayakebe on Wednesday February 03, 2016 @05:44PM (#11030487)
Not every investor is looking for a 10X. DB raised 1.17B, with 1.1 of those in the last three rounds (according to Crunchbase). The last three rounds were 250M,350M, and 500M. A round was 6M.

Say A round wanted 100x. B round 10X. C round 7x. D round 5x. That will bring the total expected return to around 8B. However I am sure C and D would not mind a 3X or 2X, while B would probably settled happily for a 5X.

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Re:Dropbox May Not Be LeBron James, but Is Still in the Game by CPLX on Wednesday February 03, 2016 @06:28PM (#11030784)
Now add the implications of liquidation preferences (presumably) to the math and you'll see things get a lot more challenging.
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Re:Dropbox May Not Be LeBron James, but Is Still in the Game by refurb on Wednesday February 03, 2016 @09:53PM (#11031652)
Exactly. Throw in a 2x or 3x liquidation preference and participating preferred and some of those investors will be lucky to get their initial investment back.
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Re:Dropbox May Not Be LeBron James, but Is Still in the Game by rokhayakebe on Wednesday February 03, 2016 @10:13PM (#11031742)
Yeah, however even a liquidation preference will be 1x,2x.
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