Drew Houston, DROPBOX
INTRODUCTION
Andrew W. Houston, or Drew Houston, who was born in 1983 in Massachusetts, is an American entrepreneur best known as the Dropbox co-founder and CEO. He attended Massachusetts Institute of Technology where he met Arash Ferdowsi, who would later be the co-founder of Dropbox, and graduated with a Degree in Computer Science. Formerly worked in other several projects such as Hubspo, Bit9, and Accolade, he finally started Dropbox in January 2007 (Nomes, 2013). According to Forbes (2015), Drew Houston’s real time net worth in 5 March 2015 is 1.3 billion US Dollars, which his company’s latest round of funding value is around 10 billion US Dollars. BACKGROUND OVERVIEW
Difficult situations frequently stimulate brilliant ideas and solutions. As depicted by a thoughtful phrase “Necessity is the mother of invention”, while working on a project with Arash Ferdowsi, the work partners were frustrated to be unable to exchange work files regarding the job efficiently. Exhausted by the fact that the files would took hours to be send through email, as well as having to carry around USB-flash drive, the idea to transfer abundant, moreover large files from one computer into other remote computers in a real time manifested (Nomes, 2013).
Drucker (1985) stated that entrepreneurs provide product that somebody else has already created, …show more content…
The number of registered Dropbox users ascent from just 20 millions in 2010 into 50 millions in 2011 according to Forbes, and currently into 400 millions registered users (Barret, 2011). According to Barret (2011), Dropbox revenue in 2011 is 240 million US Dollars despite the fact that 96% of the users are non-paying customers. However, Kepes (2014), stated that according to United States Securities and Exchange Commission filling, Dropbox revenue has raised into 335 million US Dollars in 2014, with an option to raise to 450 million US
INTRODUCTION
Andrew W. Houston, or Drew Houston, who was born in 1983 in Massachusetts, is an American entrepreneur best known as the Dropbox co-founder and CEO. He attended Massachusetts Institute of Technology where he met Arash Ferdowsi, who would later be the co-founder of Dropbox, and graduated with a Degree in Computer Science. Formerly worked in other several projects such as Hubspo, Bit9, and Accolade, he finally started Dropbox in January 2007 (Nomes, 2013). According to Forbes (2015), Drew Houston’s real time net worth in 5 March 2015 is 1.3 billion US Dollars, which his company’s latest round of funding value is around 10 billion US Dollars. BACKGROUND OVERVIEW
Difficult situations frequently stimulate brilliant ideas and solutions. As depicted by a thoughtful phrase “Necessity is the mother of invention”, while working on a project with Arash Ferdowsi, the work partners were frustrated to be unable to exchange work files regarding the job efficiently. Exhausted by the fact that the files would took hours to be send through email, as well as having to carry around USB-flash drive, the idea to transfer abundant, moreover large files from one computer into other remote computers in a real time manifested (Nomes, 2013).
Drucker (1985) stated that entrepreneurs provide product that somebody else has already created, …show more content…
The number of registered Dropbox users ascent from just 20 millions in 2010 into 50 millions in 2011 according to Forbes, and currently into 400 millions registered users (Barret, 2011). According to Barret (2011), Dropbox revenue in 2011 is 240 million US Dollars despite the fact that 96% of the users are non-paying customers. However, Kepes (2014), stated that according to United States Securities and Exchange Commission filling, Dropbox revenue has raised into 335 million US Dollars in 2014, with an option to raise to 450 million US