Who is the founder of Dropbox?
Drew co-founded Dropbox in 2007. He’s led our growth from a simple idea to a service used by hundreds of millions of people around the world. Drew’s responsible for the direction and product strategy of our company.
Who is the head of legal at Dropbox?
Bart leads our legal, risk and compliance, and public policy teams. Before Dropbox, he practiced law at Wilson Sonsini Goodrich & Rosati, where he counseled early-stage and established technology companies. Bart leads our legal, risk and compliance, and public policy teams.
Who is the head of human resources at Dropbox?
Melanie oversees our global people team, including people operations, recruiting, and diversity, equity, and inclusion. Prior to Dropbox she held HR leadership roles at Apple and GE. Melanie oversees our global people team, including people operations, recruiting, and diversity, equity, and inclusion.
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Is Dropbox Public or private?
All files you store in Dropbox are private. Other people can't see and open those files unless you purposely share links to files or share folders with others.
When did Dropbox become popular?
Dropbox saw steady user growth after its inception. It surpassed the 1 million registered users milestone in April 2009, followed by 2 million in September, and 3 million in November. It passed 50 million users in October 2011, 100 million in November 2012, 500 million in 2016, and 700 million in 2021.
How much is Dropbox company worth?
$8.8 billionDropbox, as of this writing, has a market cap of $8.8 billion. In 2022, management is guiding for $760 million to $790 million of free cash flow.
How did Dropbox become successful?
What made Dropbox grow into a viral trend was word-of-mouth marketing. Users spread the word about Dropbox to their friends and families. People sent invitation links to their friends who also sent them to someone else just to get more storage space on the platform. It was a clever digital marketing strategy.
Is Dropbox owned by Google?
Dropbox is an independent company, and a relatively small one at that compared to such a giant one like Google. However, Dropbox holds its own by having acquired 8 million business customers business customers who love the simplicity of its sync and share file features.
Why is Dropbox called Dropbox?
The solution was a platform that would enable anyone to access their personal files from any device in any location, wifi permitting. It would eventually be called DropBox, for the sole fact that it would enable users to drop documents into a virtual box and then access them whenever and wherever they'd need to.
Is Dropbox undervalued?
Enterprise Value is likely to drop to about 11.4 B in 2022. Dropbox shows a prevailing Real Value of $29.35 per share. The current price of the firm is $23.55. At this time, the firm appears to be undervalued.
Who is Dropbox owned by?
Drew HoustonDrew Houston is the CEO of Dropbox, a file storage and sharing service that has more than 500 million users. Houston cofounded the company in 2007, when he was 24, with MIT classmate Arash Ferdowsi. The cloud storage provider went public in March 2018, with shares jumping more than 35% on its first day.
Is Dropbox worth buying?
Is Dropbox Any Good? Dropbox is an excellent option for anyone looking for a cloud storage solution. It offers fantastic performance for file syncing, sharing, collaboration and integrated tools.
Which cloud storage is best?
Key Takeaways: Sync.com is the best cloud storage service with excellent file sharing, versioning, security and more perks. pCloud and Icedrive take the number two and three spots, and both offer excellent lifetime plans. MEGA offers the most free cloud storage (20GB) and is also super secure.
Is there an alternative to Dropbox?
Sync.com, pCloud, Icedrive and MEGA are the best all-around alternatives to Dropbox, due to great prices, ease of use and security. If you're looking to store data related to business rather than personal files, Box is one of the best alternatives to Dropbox.
Does Dropbox have a competitive advantage?
Competitive technology Sync speed is what Dropbox is known for. The company has been recognized for delivering the fastest upload and download speeds among its peers. It does this by only syncing changes to files instead of updating the entire document like Google Drive.
Who started Dropbox?
Drew HoustonThis week we spoke to Drew Houston, founder and chief executive of US cloud storage company Dropbox. Drew Houston says it felt as if he had just two weeks to find a complete stranger to marry. Back in 2007 the then 24-year-old was desperate to secure funding to get his idea for a cloud storage business up and running.
Is Dropbox a lean startup?
Dropbox is a great example of a startup that followed the Lean Startup Methodology. Dropbox is an extremely easy-to-use file-sharing tool - one of its biggest competitive advantages is that the product works in such a seamless way that the competition struggles to emulate it.
How many Dropbox users are there?
Dropbox has more than 700 million registered users. Dropbox has 15.48 million paying users.
What approach did Houston use for Dropbox?
This ideation process is a critical component of the hypothesis driven approach. Houston hypothesized that Dropbox would be able to collect revenue from some users because consumers understood that storage costs money regardless of whether it came in the form of a physical drive or an online service.
What book did Dropbox use?
The book "Guerilla Marketing " influenced Dropbox's early rollout, according to Houston. During the service's initial beta-testing period, Dropbox created some demo videos for it that went viral and helped attract a few hundred thousand users.
Who is the chairman of Dropbox?
Dropbox's initial funding came from Sequoia Capital after Houston met with the venture firm's chairman, Michael Moritz. Houston said Moritz dropped by his apartment to discuss the deal. After the funding round had been agreed upon, Houston waited for the funds to go through.
When did Zuckerberg send Houston a message?
Around 2009, Zuckerberg sent Houston a message over Facebook, which Houston first mistook as a prank. Zuckerberg told Houston he was intrigued by the company because several Facebook alumni had gone on to join Dropbox.
Did Apple have a meeting with Dropbox?
Apple expressed interest in Dropbox early on, and teams within Apple met with folks at Dropbox to discuss technical details of the service. Eventually, Jobs request ed a meeting — one that became somewhat testy.
Is Dropbox a public company?
His company, Dropbox, recently went public, making it Y Combinator's first startup to ever IPO.
Borrow and improve ideas
In early 2007, Drew Houston ran into a problem. Opening his computer at a bus station to get some work done in transit, he suddenly remembered that the files he needed were sitting on his desk in a thumb drive 5. This wasn’t a problem he’d always experienced.
Build a technical infrastructure that will grow with you
We very often focus on the customer side of growth - how can we get more people using the product - but that’s only half of the story. Particularly with a data heavy product like Dropbox, getting too much growth too fast could very easily have broken the product.
Make sure you can afford to grow
In the freemium business model, free users are essentially a marketing cost. Just as it’s critical that the technical backend is ready to support fast growth, Dropbox knew they’d also need to be able to afford the cash costs of millions of free users.
Try everything methodically
After finding product-market fit almost from the first day of launch, Dropbox seems to have spent it’s early years (1) building growth, (2) scaling the cloud architecture, and (3) making the product even easier to use. On the marketing side, they systematically tried a variety of tactics.
Remove all friction (or at least as much as possible)
The referral program and viral product feature breakthroughs were great for driving massive exposure (April 2010 had a trailing average of 2.8 million direct referral invites sent every 30 days 49 ), but like any funnel many of those potential users were dropping off somewhere along the way.
Looking Forward
Between their 400 million users 52 and their $10 billion valuation as of January 2014 53, Dropbox has already achieve extraordinary success in their nine year history.
