“Investors would kind of get out in front of us," Houston said. Before it went public, the business raised more than $600 million from VCs including Sequoia and Accel, reaching a final private valuation of $10 billion. He didn’t run into much trouble raising venture capital once Dropbox was an established company. Drew Houston, who co-founded the company and launched it at TechCrunch Disrupt back in 2008, took the stage at this year’s event to discuss leading Dropbox on the journey from scrappy startup to public company.įor Houston, taking his company public was a natural evolution. The company, one of the original cloud-based file-sharing businesses, has received a lot of attention in tech circles since it was founded in 2007, including plenty of buzz surrounding its IPO earlier this year.ĭropbox made headlines in March when it went public in one of the most-anticipated IPOs in recent history, raising more than $750 million and valuing itself at around $9 billion on a fully diluted basis. SAN FRANCISCO-Before Uber, Lyft and Airbnb, there was Dropbox. This post is part of our ongoing coverage of TechCrunch Disrupt Drew Houston at TechCrunch Disrupt SF 2018 (Steve Jennings for TechCrunch)
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