Why should we let other, larger companies exploit the massive value creation we’ve generated? I can promise I will push our entrepreneurs in this vein. I still have 100s of Dropbox t-shirts somewhere from his time recruiting at MIT 🙂ĭrew and Arash have given a real fillip to the MIT entrepreneurial community, and a clear reminder that MIT startups must resist the urge to sell early. In that article, there is this comment from Adam Sarhan of investment. I had a huge smile on my face seeing Albert Ni – one of my oldest friends and one of DBX’s earliest employees – up there on stage. Dropbox will trade on the Nasdaq under the symbol 'DBX' with the IPO priced at 21 per share, which was higher than expected. I am thrilled for many of my peers from MIT who have done well through their inspirational work at Dropbox. Dropbox was at its heart a quintessentially Boston company, more so than Facebook, and for a long time boasted the Valley’s most competent engineering team. It was the difficulty of these problems that attracted some of the sharpest people on this planet to work for the company. While we must give credit to the Valley’s focus on product – Dropbox’s simplicity of function and design is not found often in Boston-based companies – people often forget that the core product is based on a set of incredibly hard technical problems. Much of Dropbox’s early talent also had deep roots in Boston. The cloud services and storage company said that it expects to price its IPO at between 16 and 18 per. Like in many other cases, the Valley benefited massively from a seed that was planted at MIT, in Boston. After announcing an IPO in February, today Dropbox updated its S-1 filing with pricing.
It annoys me greatly that Boston missed out. Founded over 10 years ago in 2007, Dropbox reached its Decacorn status when private markets valued the company at more than 10. I have tremendous respect for Drew’s resilience and leadership over the past 2-3 years in the face of skepticism and real challenges. They have helped create a new sector in the IT market, built a world class data processing and delivery platform, and now have a firm. The incredibly successful Dropbox IPO changed many narratives, chief among them that Dropbox was greatly overvalued. Dropbox has been on an amazing 10-year Silicon Valley ride.
0 kommentar(er)
