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September 10, 2013 02:48 am GMT
Today at Disrupt SF, Dropbox co-founder and CEO Drew Houston took the stage to share his experiences and give his thoughts on the product, future prospects, competition and more. With 200 million users and a community of thousands of active developers and five years after launching at TechCrunch50, Dropbox wants to become the agnostic storage solution available for every platform. On the IPO Dropbox most recently raised $250 million at a valuation of $4 billion. And it has most of that left in the bank, according to Houston. That chunk of money was raised to provide Dropbox with flexibility to perhaps avoid the IPO route until it wanted to travel that path. Essentially, in Houstons view, IPOs are distractions that spend founder and team bandwidth that could be better put to use in other places (think product and support). We’re enjoying the fact that we can focus on long term, he said. For Houston the reasons for going public are twofold: Branding, and providing shareholder liquidity. However, you can accomplish both in the private markets, he claims, implicitly knocking the IPO process as superfluous in certain circumstances. Valued at $4 billion in the private markets some time ago, Dropboxs eventual public offering will be tectonic in size. It has to grow into that size. Its revenue is not known, nor is it clear if the company is profitable. However, growth is likely being valued over short term profits for now, so the efficacy of that metric is likely small, for now. Snowden and the Future of the Cloud A question that has been key for all providers of cloud storage and services is the impact of the revelations of Edward Snowden, which detail pervasive surveillance by the NSA and other governmental agencies. Those disclosures have led to a backlash – at least in word, if not in deed – against companies that are seen as too lax in their willingness to give up user data to the government. Houston was essentially coy about the problem, but did state that there is a lack of transparency concerning government activity. Dropbox, he continued, has a pretty ironclad privacy policy in place, which details how it handles government requests of that nature. The other side to that is simply the fact that in some data requests, companies are legally required to take part, whether they want to or not. Perhaps in a too-sweet
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BWVxD42nIhQ/
Drew Houston Comments On Dropbox IPO Rumors, Security, Mobile Strategy And Enterprise Focus
Today at Disrupt SF, Dropbox co-founder and CEO Drew Houston took the stage to share his experiences and give his thoughts on the product, future prospects, competition and more. With 200 million users and a community of thousands of active developers and five years after launching at TechCrunch50, Dropbox wants to become the agnostic storage solution available for every platform. On the IPO Dropbox most recently raised $250 million at a valuation of $4 billion. And it has most of that left in the bank, according to Houston. That chunk of money was raised to provide Dropbox with flexibility to perhaps avoid the IPO route until it wanted to travel that path. Essentially, in Houstons view, IPOs are distractions that spend founder and team bandwidth that could be better put to use in other places (think product and support). We’re enjoying the fact that we can focus on long term, he said. For Houston the reasons for going public are twofold: Branding, and providing shareholder liquidity. However, you can accomplish both in the private markets, he claims, implicitly knocking the IPO process as superfluous in certain circumstances. Valued at $4 billion in the private markets some time ago, Dropboxs eventual public offering will be tectonic in size. It has to grow into that size. Its revenue is not known, nor is it clear if the company is profitable. However, growth is likely being valued over short term profits for now, so the efficacy of that metric is likely small, for now. Snowden and the Future of the Cloud A question that has been key for all providers of cloud storage and services is the impact of the revelations of Edward Snowden, which detail pervasive surveillance by the NSA and other governmental agencies. Those disclosures have led to a backlash – at least in word, if not in deed – against companies that are seen as too lax in their willingness to give up user data to the government. Houston was essentially coy about the problem, but did state that there is a lack of transparency concerning government activity. Dropbox, he continued, has a pretty ironclad privacy policy in place, which details how it handles government requests of that nature. The other side to that is simply the fact that in some data requests, companies are legally required to take part, whether they want to or not. Perhaps in a too-sweetOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/BWVxD42nIhQ/
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