Dropbox is among a select group of startups valued at $10B or more (and by some measures overvalued). Over the past few years, the storage service has added additional apps to its service, often via acquisition. including Mailbox and Carousel. It appears Dropbox is preparing a new app in the wheelhouse of fellow billion-dollar club member – Evernote.
According to reports, Dropbox is working on a note-taking tool called Composer, allowing multiple users to edit and share files simultaneously. With the two unicorns on track to lock horns, we wondered if there might be any common investors between the two. Using the CB Insights Business Social Graph, we can quickly uncover the investors who’ve invested in both companies.
And the companies share a few investors.
Sequoia Capital is the most prominent as it was a seed VC investor in Dropbox and is a major backer of Evernote where uber-partner Roelof Botha sits on the board. Now, Sequoia is a backer of competing productivity startups. Crossover investors Valiant Capital Partners and T. Rowe Price have also backed in addition to corporate VC, Salesforce Ventures.
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