Congrats Dropbox • Hacker News Board

Re: Congrats Dropbox

#61

Post by drstewart » Fri, Mar 23, 2018, 4:31 PM UTC

jl wrote: post #29

Incidentally, Drew's relationship with the HN community is even older than his relationship with Y Combinator. Two weeks before we interviewed Drew and Arash, Drew posted Dropbox to HN: https://news.ycombinator.com/item?id=8863

With the requisite "why would you do this? it's trivial to instead!"

Re: Congrats Dropbox

#62

Post by giarc » Fri, Mar 23, 2018, 4:33 PM UTC

DimitarIbra9 wrote: post #52

this company has no future. Amazon and Google can kill it easily when they want.

They both have competing products (Amazon Drive and Google Drive) and yet Dropbox lives on.

Re: Congrats Dropbox

#63

Post by ghfbjdhhv » Fri, Mar 23, 2018, 4:33 PM UTC

felixgallo wrote: post #4

adventured wrote: post #3

Up 47% at the moment. https://finance.yahoo.com/quote/dbx

looks like they mispriced. Most of those gains are accruing to underwriters and speculators rather than the company. Same thing happened to eToys.

It will be interesting to see how Spotify’s direct listing does.

Re: Congrats Dropbox

#64

Post by gravis7777 » Fri, Mar 23, 2018, 4:34 PM UTC

bsvalley wrote: post #54

not the best time to go public :) the stock market is about to take a serious hit.

doubt it

Re: Congrats Dropbox

#65

Post by maxxxxx » Fri, Mar 23, 2018, 4:36 PM UTC

bsvalley wrote: post #54

not the best time to go public :) the stock market is about to take a serious hit.

Isn't that the best time to IPO? "Sell high..."

Re: Congrats Dropbox

#66

Post by smt88 » Fri, Mar 23, 2018, 4:38 PM UTC

cvaidya1986 wrote: post #21

Congratulations! What a consistent drama free run. Also, resisted an acquisition offer from Steve Jobs!

How was it drama-free? There was a #DeleteDropbox campaign after they hired Condoleezza Rice, widely considered to be a war criminal (especially outside US conservative circles) and definitely a proponent of domestic spying programs.

Re: Congrats Dropbox

#67

Post by stingrae » Fri, Mar 23, 2018, 4:40 PM UTC

claytonjy wrote: post #58

3pt14159 wrote: post #35

Edit: Removing comment.

There's something really odd to me about describing a $100MM acquisition as "middling"; wouldn't that almost guarantee multi-million paydays for the founders? Yeah, way below Dropbox's valuation, but still significantly more money than I expect to ever be a party to.

Not necessarily. It depends on how much they raised, since investors get preferred stock.

Re: Congrats Dropbox

#68

Post by middle1 » Fri, Mar 23, 2018, 4:40 PM UTC

I'd suggest Drew now to delete his facebook account like just Elon Mask did.

Re: Congrats Dropbox

#69

Post by Gargoyle » Fri, Mar 23, 2018, 4:41 PM UTC

pashabitz wrote: post #60

jl wrote: post #29

Incidentally, Drew's relationship with the HN community is even older than his relationship with Y Combinator. Two weeks before we interviewed Drew and Arash, Drew posted Dropbox to HN: https://news.ycombinator.com/item?id=8863

Man the comments on this. HN gold.

It would be a fun experiment to put comments like this as quotes on the "Add Comment" page so you had to read them while typing your own comment. Might make people take a second or two extra to reconsider.

Re: Congrats Dropbox

#70

Post by boto3 » Fri, Mar 23, 2018, 4:42 PM UTC

defen wrote: post #59

boto3 wrote: post #25

Earlier quoted context omitted.

ok, I'll be the one to ask. How much is this check worth now?

Probably around 0.06 * 10,000,000,000 Assuming no subsequent investments, dilution, selling of shares, etc.

So 600M is the upper bound. Drew Houston owns roughly 25% of the company now, and he probably owned ~75% at when YC invested, for a dilution rate of 3. I'd say YC investment probably has dilution rate of 10, for the real amount of 60M. Not bad, but not Whatsapp scale either.