On a friend’s advice, he walked into Y Combinator’s offices unsolicited to talk to Paul Graham about finding the right person. All along the way, whether we were in our apartment in North Beach in the beginning or today, we have said, “If cash can get us where we want to be faster, we should think about it.” So we thought about it.In 2007, Drew Houston flew to San Francisco determined to find a co-founder for Dropbox.
We have known for a long time that we are going after something really big that is going to take many years and a lot of money to solve properly. Why raise so much?Ī: It’s all about flexibility. You are probably one of the best financed private companies in Silicon Valley. Q: You have raised a lot of money and you have a new credit facility. We will share more on that when there’s more to share. Q: There has been a lot of speculation on when Dropbox will go public? Are you planning on an IPO next year?Ī: We don’t comment on that. Hopefully the things we launched today help illustrate that. Q: What about the price war in online storage? Will Dropbox respond?Ī: People do not choose Dropbox because it has this much space or gigabytes. No other company is dedicated to doing that. And that’s how Dropbox started, from that personal frustration.… We are building this place that is yours, that is private and that has your personal stuff, the stuff you really care about. How much does that play into your strategy of making Dropbox more useful for people?Ī: Everything at Dropbox still starts with “What is broken?” and “How do we fix it?” Even though on paper it looks like we have all these competitors, the experience for a normal person trying to do this stuff is still terrible. Q: You have a lot of competition, including from Google and Microsoft. But right now we have our hands full with the stuff we announced today. Q: What other apps should we expect from Dropbox?Ī: There will be more problems for us to solve down the road. That is really the heart of the next chapter. So now we are going from one app to a whole family of apps. It wasn’t long before we had all these ideas of how to make your stuff more useful. In the beginning, we were this magic folder that was a container for everything. The interview has been condensed and edited for clarity.Ī: We are building this home for people on the Internet. Houston talked about the announcements and the future of Dropbox in an interview.
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