Its widespread adoption by consumers has also assisted it in penetrating the enterprise market. Dropbox is planning on going public in 2018 as a 10X “Unicorn” or higher.ĭropbox’s heritage as a consumer service has both helped and hindered it in the brutally competitive world of enterprise Content Collaboration Platforms (CCP). On the positive side Dropbox has always garnered high praise for its simple and intuitive UI. It’s believed that Dropbox will continue adding features to Paper so that it can compete more effectively with Microsoft Office and Google G Suite. Dropbox has also recently launched DropBox Paper a collaboration service that allows its customers to create documents and projects.
In 2013 it launched Dropbox Business and now has over 150,000 paying enterprise customers, that represent two-thirds of its billion dollar annual revenue. Although Dropbox began life as a consumer platform it has gradually shifted its focus to the enterprise. Today, Dropbox has over half a billion global users with 1.2 billion files uploaded everyday. He created a simple online service that allowed consumers to store all their files while syncing them to their computers and smartphones.
Dropbox was founded in 2007 by MIT student Drew Houston, because as the story goes, he had become frustrated with his USB stick storage solution.
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