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Fidelity marks down stake in pre-IPO startups Cloudera, Dropbox

61 pointsby dan_ahmadiabout 9 years ago

4 comments

tristanjabout 9 years ago
About that Dropbox markdown, I&#x27;m not sure if that&#x27;s news, GSV capital has been marking down their dropbox position for months now. According to their SEC filings (ticker GSVC), these are the estimated share prices for Dropbox common stock over the past year.<p>June 30, 2015 - $22.88 per common share<p>September 30, 2015 - $19.06 per common share<p>December 31, 2015 - $16.94 per common share<p>Q1 2016 data not released yet<p>That&#x27;s a 25% markdown over the last six months of 2015. Seeing how many other tech stocks have fallen a lot lately (LinkedIn, Yelp, Twitter, GoPro), another Dropbox markdown isn&#x27;t that surprising.
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enteeabout 9 years ago
Winter has come. It&#x27;s sad to see companies that are providing real, important products getting hammered for not meeting potentially impossible expectations.<p>People have been talking about Dropbox struggling to meet its valuation for a while now. I&#x27;m a little more surprised at the Cloudera markdown, they seem to be a pretty important company in a sector that only keeps growing. Any insights as to why Cloudera was marked down?
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smailiabout 9 years ago
<i>marked down its stake in big data software company Cloudera by nearly 37 percent</i><p><i>also slashed the estimated worth of cloud-storage company Dropbox by almost 20 percent.</i><p>Ouch
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xfourabout 9 years ago
I&#x27;m enjoying fidelity&#x27;s releases as a public company they have to release financial information. Gives as close a proxy as one can get to the health of these &quot;Unicorns&quot; remember that term?<p>I wish fidelity or some other financial company would&#x27;ve taken a stake in the front runners of this cycle, Airbnb and Uber.<p>On that note does Google Ventures doesn&#x27;t have to give updates on how their investments are doing as alphabet or is that just lost in the noise.
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