Dropbox Presentation
- 1. Company presentation by Andrew Axtell
- 2. One product… Dropbox ◦ Access “Dropbox folder” from any computer with all your files Costs: ◦ 2 gigabytes free ◦ 100 gigabytes for $9.99/month or $99/year ◦ “As much as needed” for $795/ year for 5 users $125 / year for each additional user
- 3. Total: Raised $257.2 million from YCombinator, Sequoia Capital, Institutional Venture Partners, Goldman Sachs, etc… 2011: $240 million in revenue ◦ 96% of users pay nothing 2011: Estimated worth $1 billion ◦ Others stated anywhere from $5-10 billion 2012: Last round of funding valued company at $4 billion
- 4. Drew Houston kept forgetting flash drive Founded in 2007 by Drew and ArashFerdowsi ◦ Seed funding from Y-Combinator ◦ Based in San Francisco, CA Released in September of 2008 Became one of tech’s “hottest startups” soon after
- 5. 2013: Reached 200 million users ◦ 2012: 100 million users ◦ 2011: 50 million users 2011 and 12: Ranked 6th on Most Valuable Startup in the world 2013: .29% of all internet bandwidth worldwide (Palo Alto networks) Acquisitions ◦ 2012: Snapjoy ◦ 2013: Mailbox ◦ 2013: Endorse
- 6. So simple ◦ Once installed, looks just like a regular folder Quick Accessible across any platform
- 7. Forced to find a co-founder in two weeks to get funding Steve Jobs vs. Drew Houston
- 8. Box ◦ Worth $1 billion ◦ Focused on businesses Google Drive Microsoft SkyDrive Apple iCloud
- 9. Short term: It will be fine Long term: Shaky
Editor's Notes
- #3: Cloud storage systemSpecializes in integration and simplicity
- #5: HOW-stuhnSaid that other services existed, but he made a better one
- #6: Snapjoy – cloud photo storing giantMailbox – iOS email management appEndorse – mobile coupons5. Twitter4. 360Buy.com3. Groupon2. Zynga1. Facebook
- #7: Founder Drew Houston kept forgetting his USB drive
- #8: HOW-stuhnArashFerdowsiTrying to get married in 2 weeks“Dropbox is a feature, not a product”