

Note: Box’s fiscal year 2016 ends January 31, 2016). This is 7.66x its 2014 revenue of $216M (or 5.74x Box’s projected fiscal-year 2016 guidance on revenue of $286M to $290M.As of market close on, Box was valued at $1.654B (source: Ycharts).So we took a look at our data on private market valuation multiples to see how publicly-traded cloud storage and file-sharing company Box compares to still-private Dropbox. When the private markets give you a higher valuation than the public markets, it doesn’t make any sense.

At the recent 2015 Launch Festival earlier this year, Fred Wilson of Union Square Ventures commented that:
