Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.This morning we&re digging into Dropbox earnings report (Q4 2019), and why its recent financial performance and plans for 2020 are making the storage and productivity-focused SaaS player shares soar.While the broader SaaS category has seen huge valuation gains in recent quarters, Dropbox has not.
Along with Box, the two file-sharing focused companies were left behind as their broader unicorn cohort value surged.
Why? Slowing growth, mostly.
But with Dropbox shares up 13% pre-market to more than $21 this morning — its original IPO price — perhaps things are changing for one of the two firms.To figure out what happened, we&ll start by unearthing what Dropbox managed to pull off in Q4 and compare its projections with market expectations.
At the end, we&ll translate what we&ve learned from public SaaS companies for their private, startup brethren.
As always, when we look at public companies, we&re hunting for market signals that will impact startup fundraising and valuations.