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Dropbox Raises $250M In Funding, Boasts 45 Million Users

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Re: Dropbox Raises $250M In Funding, Boasts 45 Million Users

#13
post #7

Congrats guys! I'm really pleased with Dropbox's success. It gives me encouragement to stay focused on solving unsexy but fundamental problems.

I actually think Dropbox has a very sexy business model. It's the Silicon Valley darling with the least amount of flaws in the business model, imo. Too many others need to police their users to take their cut, e.g. AirBnb.

Now, in hindsight, when it's getting billions of dollar valuations, yeah it looks sexy. But when it was starting out?

Google, Microsoft, Apple were going to eat its lunch any day now.

You have to download a desktop client? Dude, the future's all about web apps.

All the real money is in social recommendations for the colour of your next toilet roll.

Re: Dropbox Raises $250M In Funding, Boasts 45 Million Users

#14
post #11

Is iCloud going to be a threat for dropbox?

No, because there are even today a lot more non-apple users than there are apple users and dropbox is platform agnostic. It may cause them some lost sales but nothing threatening.

And in addition, myself including, all apple users are not 100% apple users. I have macs, linux and android and dropbox works with all of those.

Re: Dropbox Raises $250M In Funding, Boasts 45 Million Users

#15
post #11

Is iCloud going to be a threat for dropbox?

No, because there are even today a lot more non-apple users than there are apple users and dropbox is platform agnostic. It may cause them some lost sales but nothing threatening.

Apple users tend to be more vocal about what they like. At my last job, by the time the company was acquired, 5 of the 6 people have switched over to Macs.

So I think yes, iCloud will have its effects. Not yet though.

Re: Dropbox Raises $250M In Funding, Boasts 45 Million Users

#17

Of course, now the question is: what are they going to do with this $250M? The only new feature that has really come out of Dropbox recently is the API, and even that has been in development for some time.

The fresh money will be used for acquisitions, strategic partnerships and the recruitment of new people, the company said in a statement.

I'm hoping for more work on the web API: OAuth2, sending/accepting shared folder requests, push notifications of file updates.

Re: Dropbox Raises $250M In Funding, Boasts 45 Million Users

#18
post #13

Earlier quoted context omitted.

I actually think Dropbox has a very sexy business model. It's the Silicon Valley darling with the least amount of flaws in the business model, imo. Too many others need to police their users to take their cut, e.g. AirBnb.

Now, in hindsight, when it's getting billions of dollar valuations, yeah it looks sexy. But when it was starting out? Google, Microsoft, Apple were going to eat its lunch any day now . You have to download a desktop client? Dude, the future's all about web apps. All the real money is in social recommendations for the colour of your next toilet roll.

> Google, Microsoft, Apple were going to eat its lunch any day now.

Sure, there was potential serious competition, but not yet. It was still a big opportunity just waiting for someone to come and do it right.

It's the kind of service that everyone has a use for and many will pay for. Hook 'em with a free 2GB, and sell extra storage - a very solid business model.

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