Menu
Kim Kardashian Leaked Photos Backlash

Kim Kardashian Leaked Photos Backlash

The Sexiest Halloween Costumes of 2014

The Sexiest Halloween Costumes of 2014

Best Buy Black Friday Review and Preview

Best Buy Black Friday Review and Preview

Mazda Miata 2016 model revealed

Mazda Miata 2016 model revealed

Amber Heard Topless Photo Leaked

Amber Heard Topless Photo Leaked

Because It's All About Virality - Dropbox Scores Funding At A $10B Valuation

Jan 17 2014, 8:31pm CST | by , in News

Because It's All About Virality - Dropbox Scores Funding At A $10B Valuation
Photo Credit: Forbes
 
 

Crazy you might say but WSJ is reporting that title="Dropbox">Dropbox has raised $250M in a deal that values the company at an incredible $10B making it one of the ore highly valued VC-backed companies out there. The world gasped at the valuations rumored for SnapChat and paid for Instagram and Nest but Facebook and Google respectively – this deal is at least three times those valuations. This from a company founded in 2007.

Why? Well it’s all about growth. Dropbox has skyrocketing user numbers mainly due to the fact that of all the file sharing and synchronization vendors out there, it has found perhaps the perfect combination of ease of use and viral uptake. Sure it costs a lot to support that growth, but with 200 million users and 1 billion files saved on the platform every day, that gets investors pretty excited – the same investors that will pay for the costs of that growth.

Dropbox is trying to move into more of an enterprise vendor and the investors are no doubt banking on its ability to “do a Yammer” and convert a virally fuelled, bottom-up tool into an IT -approved and purchased solution. The jury is out on how well they’re doing on that front, their outage last weekend wasn’t a great look, and their messaging still feels way more consumer focused than truly enterprise.

Arch-rival Box last raised $100M and both companies are set to IPO this year. The big question is who has the ability to best capitalize on the market opportunity – Box with their top-down approach and the rapport they have with the enterprise C-suite, or Dropbox with their bigger users, ease of use and viral conversion.

This is fascinating to watch and there is plenty at stake here – Dropbox has now raised well over $500M, the returns needed to justify that are monstrous – this will either be an incredibly successful leader in the new technology marketplace or else one of the biggest failures the venture world has yet seen. What’ll it be punters?

Connect with Ben on Twitter @benkepes | LinkedIn AngelList

Source: Forbes

You Might Also Like

Updates

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

Emma Watson and her HeForShe Campaign Rocks!
Emma Watson asks Males to join HeForShe Campaign
The Harry Potter starlet, Emma Watson has spoken out on feminist matters and gender equality. And her HeForShe Campaign truly rocks!
 
 
Early Data Suggests iPhone 6 Is Outselling iPhone 6 Plus By A Huge Margin
Early Data Suggests iPhone 6 Is Outselling iPhone 6 Plus By A Huge Margin
Mixpanel has started sharing its findings with the public, and as of early afternoon on the 20th, it appears the smaller iPhone 6 is very much in the lead.
 
 
LG Wine Smart is company’s first flip style smartphone
LG Wine Smart is company’s first flip style smartphone
LG Wine Smart is clearly designed for a mid-tier market and one that caters specifically to elderly users.
 
 
Motorola Moto 360 to get a gold version soon
Motorola Moto 360 to get a gold version soon
Motorola posted the following picture on its official website, showing the Moto 360 in three different colors – black, silver and gold.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.