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Very rough mental math: At a $5B valuation, PG's share of Dropbox should pay for ~10,000 YC investments

Did you factor in for dilution, they previously raised a 7.2m round.

We also don't know what percentage YC took. They might have taken a bit more or less than 6%. Regardless, this valuation puts their equity in the $100 million - $350 million range.

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