![]() ![]() Dropbox is now a public company with a $10 billion market cap. Houston said that the stock would be worth “hundreds of millions” at today’s valuation. That led to further discussions to sell the domain. He held 24.4 voting power in the company before filling for IPO in February 2018. He serves as the Chief Executive Officer (CEO) of Dropbox, an online backup and storage service. He holds the largest individual shares of Dropbox. But now that the registrant was confusing visitors with ads for rivals, that created a legal issue. Drew Houston is an American Internet Entrepreneur, who co-founded Dropbox and owns 25 of the company's interests. ![]() He found out that you can’t just take a domain from someone because they aren’t using it. Embattled cloud storage player Dropbox faced more fire when its updated terms and conditions made it appear that the company owned customer cloud data. He added Whois privacy and made one other change…he parked the domain with ads.Īccording to Houston, the ads were for all of their competitors. Then Dropbox launched publicly and the domain owner started receiving emails from people who wanted to get in on the beta. They drove back to his house on Monday, only to have him say ‘nope’. They left excited about the potential of getting the domain. Although he joked that they were “hemorrhaging leverage” by giving the full story, they decided that playing coy hadn’t gotten them anywhere so far. The two explained why they were interested in the domain and that they had just gotten funding from Sequoia. Net Insider Buy/Sell (L12M) Ownership Be the first to know when DBX insiders and whales buy or sell their stock. After getting brushed off by the domain owner many times, Houston and his co-founder drove to the guy’s house with a bottle of champagne. They started with but obviously wanted to drop the ‘get’. Dropbox is among the pioneers in cloud storage and collaboration, and is now a leader in virtual-first work, but competition in the cloud market is fierce. ![]() It’s a long interview, but tune in around 1:12:25 to hear the story. Photo courtey Dropbox.ĭropbox founder Drew Houston was on The Tim Ferriss Show recently and discussed how his business was able to get the domain name. Dropbox co-founder Drew Houston explained the long journey to acquiring. Co-founder tells the engaging story on Tim Ferris’ podcast. 'Access to Dropbox content popped as one of the very first Office for iPad requests that customers had,' explains Kirk Koenigsbauer, head of Microsoft’s Office Engineering team. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |