April 18, 2011
That’s impressive growth from the 4 million users the company had a year ago (they had two million in late 2009). Dropbox enables people to sync files and media across platforms and devices, in order to have them available from any location.
The service also allows people to easily and quickly share files with others. Dropbox provides users with 2 GB of space for free, and they can pay for more.
People use dropbox for personal storage, file syncing between machines, and group collaboration on projects. They have desktop software for the usual OSs, and mobile access, that makes things run smoothly. They are much more tight lipped on revenue and profitability, though. Guesses range all over the place, but the company is certainly efficient with bandwidth and storage. They likely only upload unique files. Common files, like songs and movies, aren’t re-uploaded repeatedly.
Whatever their revenue, the company is on a roll and will likely be getting a lot more attention in the near future. Perhaps even a large “DST-style” secondary round with liquidity for founders and perhaps investors. And this could be an IPO not too long down the road, too.
Whatever their revenue, the company is on a roll and will likely be getting a lot more attention in the near future. Perhaps even a large “DST-style” secondary round with liquidity for founders and perhaps investors. And this could be an IPO not too long down the road, too.
