Drew Houston, co-founder and CEO of Dropbox, has all the symptoms of being an entrepreneur! The creation story of his company, Houston claims, came from an idea that came to him after constantly forgetting his USB flash drive during his studies at MIT. During his time as a student he found a multitude of problems with storage services and decided to set out to solve this problem for himself. Little did he know that his solution would end up benefiting millions of others as well.
In 2007, he and his co-founder Arash Ferdowsi were able to secure enough funding to begin the development of the program were soon launched Dropbox. Within 24-hours of its launch, Dropbox “had 75,000 people signup for the wait-list.” When they were only expecting 15,000, tops. Dropbox had an enormous success rate, and, by the end of 2013 Dropbox had gained over 200 million users.
So what sets this company apart from others? Well Dropbox is a technology company that claims to build simple, powerful products for people and businesses. Unlike many other companies, Dropbox is innovative in that they value the creation of products that are easy to use and are built on trust. When people put their files in Dropbox, they can trust they’re secure and their data is their own. The users’ privacy has always been their first priority, and it always will be.
Houston believed that technology should get out of the way, so there’s no limit to what people can do. And his tightly-knit team seems very committed to realizing ambitious ideas and making technology work for the world, and I’m sure that the best from them is still to come.
“Sometimes you just get this feeling — it’s a compulsion or an obsession. You can’t stop thinking about it. You just have to work on this thing,” words from the entrepreneur himself, Drew Houston.
That is amazing that a business can launch so quick and effectively with 75,000 pre signups. I’m sure any GCC entrepreneur would LOVE to have that traffic the first day. Love the end quote, couldn’t agree more.
Dropbox is so handy and I use it quite a bit! It’s neat to see him aim to solve a problem that he struggled with so much himself. Also, I love his idea of being committed to having technology truly serve people, allowing them to be more effective.
Excellent example of entrepreneurship. Dropbox has been and continues to be one of the go-to’s in cloud storage. My guess is that they’ve become such a name brand that even the recent hack of millions of user accounts won’t undercut their brand tremendously