In episode II of Erick Schonfeld’s Founder Stories interview with Dropbox co-founder, Drew Houston, Houston describes how releasing a demo video to Hacker News during Dropbox’s early days catapulted his company into elite company. → Read More
Despite a couple big-name companies like Groupon and Zynga lining up for IPOs, the demand for private company stock on alternative exchanges keeps rising. Private stock transactions on SecondMarket in the first three quarters of 2011 totaled $435 million, a 73 percent increase over the same period last year. In the third quarter alone, there were $167 million worth of transactions on… → Read More
As we were reporting the news about Dropbox’s $250 million funding round, Forbes went live with a fascinating story, detailing how co-founders Arash Ferdowsi and Drew Houston turned down a “nine-digit” acquisition offer from Apple back in late 2009 when the company was only two years old.
The late Steve Jobs, Apple’s iconic co-founder and former CEO, reportedly led the first (actually, only)… → Read More
Storage startup Dropbox has hired Ramsey Homsany as it’s General Counsel. Homsany is a long time Google lawyer. He joined the company in 2003 and was most recently the deputy general counsel of the commercial group. The 100 or so internal lawyers that reported to him dealt with Google’s various commercial and partnership relationships.
That experience is what Dropbox needs right now, CEO Drew… → Read More
It’s been an incredibly rough week for Dropbox. On Monday, news broke that a bug in the service’s authentication software effectively made passwords optional for around four hours over the weekend — meaning that you could log into anyone’s account simply by entering their user name.
Given what Dropbox is used for — namely, syncing your most important files between computers — that’s a… → Read More
This morning a post on Pastebin outlined a serious security issue that was spotted at Dropbox: for a brief period of time, the service allowed users to log into accounts using any password. In other words, you could log into someone’s account simply by typing in their email address. Given that many people entrust Dropbox with important data (one of the service’s selling points is its security)… → Read More
Recently I sat down with a well-connected Silicon Valley CEO who just raised a ton of money, and who knew of other startups raising even more. There is a new startup club of younger companies raising money right now at $1 billion valuations. I already knew a couple of them, but I started asking a few venture capitalists and now I have a pretty good list of who is in that club and who is trying… → Read More
Dropbox will announce a number of milestones on Monday morning, we’ve learned. The file backup and sharing service was founded in 2007 by Drew Houston and Arash Ferdowsi. It was in one of the early Y Combinator classes, now has 25 million users and 200 million files are “saved” daily, and more than 1 million every five minutes.
That’s impressive growth from the 4 million users the company had a… → Read More
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