Congrats Dropbox
blog.ycombinator.com
Congrats Dropbox
1–10 of 285 posts
Re: Congrats Dropbox
#2I like Dropbox and YCombinator, but this line near the end was odd: "Today is a big milestone for YC. When we launched 13 years ago, we never imagined that a company that we’d funded would one day go public."
Really? What were they doing funding it, then? I hadn't realized that wasn't the original idea at YCombinator.
Re: Congrats Dropbox
#3Up 47% at the moment.
Re: Congrats Dropbox
#4Up 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.
Re: Congrats Dropbox
#5I like Dropbox and YCombinator, but this line near the end was odd: "Today is a big milestone for YC. When we launched 13 years ago, we never imagined that a company that we’d funded would one day go public." Really? What were they doing funding it, then? I hadn't realized that wasn't the original idea at YCombinator.
I could be wrong, but wouldn't VCs prefer some type of large acquisition, a la WhatsApp, as opposed to an IPO?
Re: Congrats Dropbox
#6lol, I was just 'asking HN' why the DropBox IPO was not #1 on HN. It wasn't even on the front page 5 minutes ago. Thankfully, I decided to check before posting.
Congratulations all around, and we finally get to see whether DropBox is actually minting money or not.
Good Luck!
Re: Congrats Dropbox
#7I like Dropbox and YCombinator, but this line near the end was odd: "Today is a big milestone for YC. When we launched 13 years ago, we never imagined that a company that we’d funded would one day go public." Really? What were they doing funding it, then? I hadn't realized that wasn't the original idea at YCombinator.
The original idea was to make a summer camp alternative for students so that they didn't have to be interns at big tech companies. I think YC was first called "Summer Founders Program."
Funding a company that IPOs is pretty wild when you think about it in that context.
Re: Congrats Dropbox
#8I like Dropbox and YCombinator, but this line near the end was odd: "Today is a big milestone for YC. When we launched 13 years ago, we never imagined that a company that we’d funded would one day go public." Really? What were they doing funding it, then? I hadn't realized that wasn't the original idea at YCombinator.
Agreed, that line seems like ludicrous false modesty. If anything, I think they should be shocked about how long IPO#1 took.
Re: Congrats Dropbox
#9I like Dropbox and YCombinator, but this line near the end was odd: "Today is a big milestone for YC. When we launched 13 years ago, we never imagined that a company that we’d funded would one day go public." Really? What were they doing funding it, then? I hadn't realized that wasn't the original idea at YCombinator.
I think they mean that Paul Graham et. al launched YC as a small, cheap experiment, and never imagined they would have success like this.
Re: Congrats Dropbox
#10I like Dropbox and YCombinator, but this line near the end was odd: "Today is a big milestone for YC. When we launched 13 years ago, we never imagined that a company that we’d funded would one day go public." Really? What were they doing funding it, then? I hadn't realized that wasn't the original idea at YCombinator.
I think you're simultaneously reading too much and too little into it. I think when they first started it they didn't even know if the premise would catch on. But also a lot of startups fail or get acquired and acquisitions are also a favourable outcome for YC.