[pfarnsworth]

$5M valuation isn't exactly suffering. The problem is that the failure of Box as a thriving company has put a ceiling on how much Dropbox can make in the public markets.

If Dropbox does need more money, if it can't get profitable with the funding it already has, then it will be in for tough times. If it is forced to go public before it's ready, like Square, then its employees will suffer much like Square's employees have with its stock price.