1

Dropbox

#1909

Rank

$8.66B

Marketcap

US United States

Country

Dropbox
Leadership team

Mr. Andrew W. Houston (Co-Founder, CEO & Chairman)

Mr. Timothy H. Young (Pres)

Mr. Timothy J. Regan (Chief Financial Officer)

Products/ Services
Collaboration, Enterprise Software, File Sharing, Private Cloud, Web Hosting
Number of Employees
1,000 - 20,000
Headquarters
San Francisco, California, United States
Established
2007
Company Registration
SEC CIK number: 0001467623
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
DBX
Social Media
Overview
Location
Summary
Dropbox, Inc. provides a content collaboration platform worldwide. Its platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. As of December 31, 2021, the company had approximately 700 million registered users. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
History

Dropbox founder Drew Houston conceived the Dropbox concept after repeatedly forgetting his USB flash drive while he was a student at MIT.Houston founded Evenflow, Inc. in May 2007 as the company behind Dropbox, and shortly thereafter secured seed funding from Y Combinator. Dropbox was officially launched at 2008's TechCrunch Disrupt, an annual technology conference. Owing to trademark disputes between Proxy, Inc. and Evenflow, Dropbox's official domain name was "getdropbox.com" until October 2009, when it acquired its current domain, "dropbox.com". In October 2009, Evenflow, Inc. was renamed Dropbox, Inc.In an interview with TechCrunch's "Founder Stories" in October 2011, Houston explained that a demo video was released during Dropbox's early days, with one viewer being Arash Ferdowsi. Ferdowsi was "so impressed" that they formed a partnership. In regards to competition, Houston stated that "It is easy for me to explain the idea, it is actually really hard to do it."

User growth

Dropbox saw steady user growth after its inception. It surpassed the 1 million registered users milestone in April 2009, followed by 2 million in September, and 3 million in November. It passed 50 million users in October 2011, 100 million in November 2012, 500 million in 2016, and 700 million in 2021.

Acquisitions

In July 2012, Dropbox acquired TapEngage, a startup that "enables advertisers and publishers to collaborate on tablet-optimized advertising". The following December, Dropbox acquired two companies; Audiogalaxy, a startup "allowing users to store their music files and playlists in the cloud then stream them to any device", and Snapjoy, a company that allowed users to "aggregate, archive and view all of their digital photos from their cameras, phones and popular apps like Flickr, Instagram and Picasa, and then view them online or via an iOS app". In July 2013, Dropbox acquired Endorse, a "mobile coupon startup".In May 2014, Dropbox acquired Bubbli, a startup that has "built some innovative ways of incorporating 3D technology into 2D views, and packaging it in a mobile app".In January 2015, Dropbox acquired CloudOn, a company that provided mobile applications for document editing and creation. At the same time, Dropbox told TechCrunch that CloudOn's base in Herzliya would become the first Dropbox office in Israel. In July, Dropbox acquired Clementine, an enterprise communication service.In April 2014, Dropbox acquired photo-sharing company Loom , and document-sharing startup Hackpad. Dropbox later announced in April 2017 that Hackpad would be shut down on July 19, with all notes being migrated to Dropbox Paper.In January 2019, Dropbox acquired e-signature company HelloSign. The acquisition was reported to be Dropbox's largest to date, at a reported $230 million.In March 2021, Dropbox announced the acquisition of DocSend. DocSend offers a secure document sharing and analytics product.

2021 workforce reduction

In January 2021, Dropbox CEO Houston announced the layoff of 315 employees, which is approximately 11 percent of the current workforce. The company said the reductions were necessary in order to focus the company team structure and focus on top level priorities. The software firm also announced that COO Olivia Nottebohm would be leaving the company on February 5, 2021. In the same month, announced it would sublease many of it's office space in a transition to remote work.

Mission
The mission of Dropbox is to simplify life for people around the world. Dropbox lets people bring their docs, photos and videos everywhere and share them easily.
Vision
Our vision is to be the first and last place people go for their daily work. We want to be the “everything buckets” for their files, notes, documents, and ideas. We want to be their go-to source for all their collaboration needs with Dropbox Spaces and more!
Key Team

Mr. Bart E. Volkmer Esq. (Chief Legal Officer)

Mr. Karan Kapoor (Head of Investor Relations)

Ms. Saman Asheer (VP of Communications)

Ms. Melanie Collins (Chief People Officer)

Ms. Mary Anne Becking (VP of Corp. Legal)

Lev Finkelstein (VP of Corp. Fin. & Strategy)

Mr. Adam S. Nash (VP of Product)

Recognition and Awards
Dropbox won 1 award in 2018 and 1 award in 2017. In 2018, Dropbox won for Best Company Perks & Benefits. In 2017, Dropbox won for Best Company for Women. Based on 1,461 ratings and 98 participants, employees at Dropbox are satisfied with their work experience. The overall culture score, 71/100 or B, incorporates employee ratings based on their feedback on the Professional Development, Office Culture, Happiness and more.
References
Dropbox
Leadership team

Mr. Andrew W. Houston (Co-Founder, CEO & Chairman)

Mr. Timothy H. Young (Pres)

Mr. Timothy J. Regan (Chief Financial Officer)

Products/ Services
Collaboration, Enterprise Software, File Sharing, Private Cloud, Web Hosting
Number of Employees
1,000 - 20,000
Headquarters
San Francisco, California, United States
Established
2007
Company Registration
SEC CIK number: 0001467623
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
DBX
Social Media