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Corporation
INTERNET | Internet Software & Services / Data Storage
dropbox.com

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Founded Year

2007

Stage

IPO | IPO

Total Raised

$1.707B

Date of IPO

3/23/2018

Market Cap

10.97B

Stock Price

29.46

Revenue

$0000 

About Dropbox

Dropbox, founded by Drew Houston and Arash Ferdowsi (MIT engineers) in 2007, is a cross-platform cloud storage solution, with support for Windows, Mac OS X, and Linux. Files in a user's Dropbox folder are continuously kept in sync between the user's computers and securely backed up online. Folders in the Dropbox can also be shared with others, causing many businesses to abandon traditional network drives and VPNs.

Dropbox Headquarter Location

333 Brannan Street

San Francisco, California, 94107,

United States

415-986-7057

Latest Dropbox News

The wrong way to think about IT

Jun 22, 2021

Reseller News The wrong way to think about IT Moving workloads in and out of the cloud isn’t really possible—or a good idea. Credit: Dreamstime Andreesen Horowitz investors  Sarah Wang and Martin Casado recently argued that moving to the cloud hurts profit margins and could cost public companies as much as $500 billion in collective market cap. It’s a bold, controversial claim. It’s also wrong. Or, more politely and accurately said, their focus on cost savings may be the right answer to the wrong question. “Cost optimisation always takes a backseat to decreasing time to market/feature velocity” with enterprise buyers, Duckbill Group Analyst  Corey Quinn countered . Not sometimes. Not often. Always. “Fundamentally, companies that focus more on cost optimisation/reduction than they do growth tend to be companies in decline,”  Quinn continued . In other words, the right question isn’t “cloud or on-premises?” Enterprise IT is too messy for facile answers to binary questions like that. The right question is “Which approach (among these or others) gives a company the maximum ability to invest for growth?” The repatriation fever dream Wang and Casado work for one of the world’s most successful investment firms. They are in the business of helping companies grow and then profiting when those companies go public or get acquired. They’ve put a lot of thought into their thesis. In brief, their theory is: “while cloud clearly delivers on its promise early on in a company’s journey, the pressure it puts on margins can start to outweigh the benefits as a company scales and growth slows.” As a consequence, they suggest that cloud costs public companies as much as half a trillion dollars in collective market cap. That’s a lot of money. They suggest that startups build optionality into their architecture from the start. Companies should architect their infrastructure in such a way that it becomes easier to “repatriate” workloads from cloud back to on-premises data centres when the cost of doing so makes sense. It’s a nice thought, but it’s completely impractical. Enterprise IT simply doesn’t work that way in the real world. No one moves workloads to the cloud on a whim, and no one moves them back on another whim. There’s all sorts of inertia to complicate those plans, including the technology to do it. And no, Kubernetes isn’t some panacea that magically moves workloads between clouds or between a private data centre and the cloud, something  I’ve highlighted before. This is one reason cloud, despite being a big deal, is still just five to six per cent of global IT spending. Before you say “but Dropbox did it,” Dropbox isn’t a model most companies can follow: It moved one niche application to its private data centre with the kind of resources virtually no other companies have . It’s not a poster child for repatriation. There’s also the separate problem that  Quinn pointed out : “By building for a theoretical exodus, you pay for optionality with feature velocity and reduce your chances of getting to a position where the cloud costs even matter to your business’s overall success.” But wait, there’s more! Making expensive people do basic things Subbu Allamaraju runs the teams that build Expedia’s search and discovery products. The first problem he lists with the Wang/Casado argument is the Kubernetes critique I mentioned above: “There is no tech that can help repatriate. The Kubernetes reference is a lie we tell ourselves.” Allamaraju isn’t saying that Kubernetes doesn’t have value—far from it. He’s arguing against the idea that Kubernetes makes all apps fungible between operating environments. That’s a damning indictment of Wang and Casado’s argument, but Allamaraju goes further. “Companies that operate successfully (high agility and manageable costs) on-prem must spend upwards of three to five years of some of their best engineering talent to mature their core infrastructure (start with the primitives) architecture and engineering. Very few can afford this,” he argues. Even if your company can afford it, would you really want to? After all, Stedi co-founder and CEO  Zack Kanter says  that to rebuild the cloud to save some money means you’re accepting the “(long-term devastating) cultural cost of recruiting world-class engineers to do undifferentiated heavy lifting.” Even if you somehow manage to retain engineers tasked with building base-level cloud services (compute, storage, etc. ), you’ve missed the point of the cloud entirely , Kanter and Quinn both stress. The real value of building on a public cloud is the higher-level services, not necessarily the basic building blocks. By the time you replicate those lower-level services, you’ve spent years losing out on the higher-order bits. Allamaraju finishes by seconding something Quinn said above: “To be successful at scale in a hybrid architecture and maximise customer value, cost efficiency, and agility requires you to make a large number of technical, people, and process decisions upfront years before needed. Even if you can afford this, you’re unlikely to get these right.” It sounds great to think a decade ahead in one’s infrastructure to build in long-term optionality. It’s also a pipe dream. Yes, there are things we can and should do to preserve architectural agility. But Wang’s and Casado’s recommended approach costs too much to achieve too little.

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Expert Collections containing Dropbox

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Dropbox is included in 3 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

C

Cloud Computing

1,327 items

Cloud computing startups develop technologies for remote (off-premises) servers used to store, manage, and process data.

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

Dropbox Patents

Dropbox has filed 951 patents.

The 3 most popular patent topics include:

  • Content management systems
  • Free content management systems
  • Website management
patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/31/2018

6/22/2021

Navigating galleries of digital content

Graphical user interface elements, Graphical user interfaces, Graphical control elements, Graphical user interface testing, Content management systems

Grant

12/21/2020

11/5/1959

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8/2/1986

3/2/1985

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4/1/1999

5/8/2020

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12/10/1963

4/17/2018

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Application Date

8/31/2018

8/3/1955

11/19/1968

10/4/2001

6/6/1979

Grant Date

6/22/2021

4/4/2021

3/24/2021

9/17/2018

9/8/2021

Title

Navigating galleries of digital content

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Related Topics

Graphical user interface elements, Graphical user interfaces, Graphical control elements, Graphical user interface testing, Content management systems

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Status

Grant

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Dropbox Web Traffic

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