J. Michael Arrington (born 13 March 1970 in Huntington Beach, California) is a serial entrepreneur and founder of TechCrunch, covering startups and technology news blog. Arrington attended Claremont McKenna (Ba economics, 1992) and Stanford University (JD, 1995) and practiced corporate and securities attorney in two law firms: & rejoined O'Melveny Myers and Wilson Sonsini Goodrich. ? Read More
We track twists and turns of mega Dropbox, financing round feeding frenzy during the month. Sarah Lacy wrote in July that they would raise $ 200 million to $ 300 million to $ 5 billion or higher. A week ago mg Siegler wrote that the auction process and Dropbox is considering bids as high as $ 10 billion.
Now the company has selected investors will participate in the round, we have heard from one of our sources. The final evaluation will be less than 6 billion, and we have heard that the original estimate of $ 200-$ 300 million round is still correct. We do not yet know who leads the round or otherwise participating, but that the information likely will be known soon.
In the end the Dropbox do not select the investor with the highest rate of assessment, we have heard. Look for the round close and will be announced in the coming weeks.
Dropbox was founded in 2007, Drew Houston and Arash Ferdowsi. Frustrated when working with multiple computers, drew was inspired to create a service that will bring people ...
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