Got the solution from here:
- Shut down the guest machine
- Select the Ubuntu 14.04 virtual machine and click the Settings button
- Select the ‘Display’ item from the list on the left
- In the Video tab on the right, check the ‘Enable 3D Video Acceleration’ option
- Select the ‘Storage’ item from the list on the left
- In the ‘Storage Tree’ view on the right, select the Controller:SATA item
- In the corresponding attributes to it’s right, check the ‘Use Host I/O Cache’ option
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Close the settings and restart the virtual machine. It should be considerably faster now.
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