10/14/2023 0 Comments Dropbox drew![]() ![]() 100 million new accounts in 2017 is another stunning number, proving that the viral machine continues to work well despite what some may worry is a growth saturation point. Every time they set up a Dropbox account, it drives more document sharing and storage. Every time I share a Dropbox document to someone, they need a Dropbox account. The other magical part of the Dropbox business model is that it’s so darn viral. ![]() Jeff Bussgang a VC at Flybridge describes it thusly: As you know, Dropbox benefitted from a near to viral effect. One thing that’s wrong on this slide is the ‘lack of distribution’ specifically the partnerships. I buy this but it’s in the ‘we solve things with features’ box- why can’t the competitors just get it right? Well, that’s something you sell. Fundamentally the solution is a tech-based one and one that has to be holistic. So now the team spell out why the competition has got it wrong. The core thesis is that there is a problem and everyone else sucks. In 2018, nearly ten years after its official launch, Dropbox went public (NASDAQ: DBX), and today, it continues on its mission to help people be organized, stay focused, and get in sync with their teams.The previous slide just listed a bunch of competitors and what they do or don’t according to variables the team selected. Their attention to detail, passion for design, and focus on user experience are all part of what defined the company early on, and what has guided them as it has grown, expanding its services to help people work together better and accomplish more.Īccel’s Sameer Gandhi originally seeded Dropbox when Drew and Arash were working out of their North Beach apartment in San Francisco, and co-led Dropbox’s Series A in 2008. Founders Drew Houston and Arash Ferdowsi launched Dropbox to solve this problem, creating a file hosting service with the ability to sync files across operating systems, and a simple user interface that makes it easy to manage content and collaborate with others. In the early 2000s, accessing and sharing photos, documents, and other files among multiple people and across different devices meant sending painful email strings, plugging in clumsy thumb drives and muddling through confusing versions after versions. ![]()
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