Is it fake?
My friend at G told me a story: His L5 teammate left for Dropbox 5 years ago, they met at the party last week, and then surprisingly a teammate said that he’d earn the same $ at G (so he didn’t earn that much @ Dropbox after IPO). Is it a trolling? I thought it makes sense to go for Lyft, Airbnb.
This happens a lot. Often times a company will go public for less than the internal valuation in hopes of raising money, and the price doesn’t move much. In effect, employees had a higher number for their 409A price than the IPO price.
Private company valuations are super inflated these days with Arab and Chinese money and mega PE firms stuffing money into late stage deals. So pre-IPO isn't as sure a bet as it used to be.
DBX was valued at $10B since like 2015 and their current market cap is <$11B so not surprising
^ this. Looking it up, prior to 10B valuation in 2014, they were valued around 4B in 2011. That's 2.5x growth in last 7 years for dropbox. Google stock has seen more growth than that in last 7 years. Even if we start in 2013, Google stock has grown by 3.5x. Keep in mind, a company like Google has standard refreshers, promotion ladder, bonuses, and because the stock is liquid the tax is distributed throughout the years.
It’s true. I was at that party. Can confirm.