The fact it has a Family package should tell you everything you need to know. It is a commercial solution, not a professional one. In being everything to everybody, Dropbox amounts to less than the sum of its parts. Dropbox has nailed commerciality.Īnd yet, this commercial, one-fits-all nature is also Dropbox’s biggest drawback. If you’re looking for a quick fix for files under 2GB in size, Dropbox is fantastic.įurthermore, the fact that there are over half a billion users means that most people know about its functionality, avoiding the need to explain the concept over and over.
This is why it has more than half a billion users. The truth is, Dropbox doesn’t do that much but it is excellent at what it does. The truth is, Dropbox doesn’t do a whole lot, but what it does, it does very well.Įach user downloads a Dropbox folder on their computer, and the contents of the folder are continuously synchronized with other users in that user’s network, and the Dropbox servers, ensuring that the files are up to date in all locations and devices.Īnd although it has added a few more functions in the past decade, such as Mailbox, an email app, Dropbox Carousel, and a multimedia gallery app, its core offering is still cloud storage. Within two weeks, he had secured funding from Y Combinator and the rest is history. It was only when Houston - a talented computer programmer - forgot his memory stick (now largely consigned to history because of online cloud storage), that he began to codify what would later become Dropbox. Its founder, Drew Houston, was working on a host of other ideas before he stumbled on the concept for the world’s most popular cloud storage. Dropbox Overviewĭropbox almost didn’t happen. Over the past decade, its logo with that little white box against a blue background has become as well known as any of the big tech firms’ branding.Īnd with its free version being the first time that close to a billion people used cloud storage, it can justifiably claim to be a pioneer in the industry.īut does being a pioneer in cloud storage justify using Dropbox in 2022? Or is choosing a virtual data room a better choice?ĭealRoom looks at the evidence.
With a market capitalization in excess of $8.5 billion and 15.4 million users worldwide, Dropbox can justifiably claim to be the world’s most popular cloud storage platform. Subscribe for exclusive interviews and crowd-sourced solutions to improve your M&A practice. This is our Linkedin Newsletter series where we share the latest science-based trends, strategies, and techniques from the world's top M&A professionals.
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