Earlier quoted context omitted.
By that standard, how do you justify Amazon's $170B market cap, given it's notoriously low profit margins?
I don't think your comparison makes sense. When Amazon was at the stage Dropbox is at now investors were taking a risk I thought was insane. That risk paid off, but there are countless examples that didn't. Amazon now practically owns their space and has inexplicable license from the market to reinvest in infrastructure or outright avoid profit. Few other companies are in this position, so comparing valuations of Ama…
> That risk paid off, but there are countless examples that didn't
If every risk paid off, there's no such thing as a risk. These investors are making the calculation that DB has some % chance of being in a similarly dominant position as Amazon is today.