Many years ago, the name Dropbox was astonishing in the tech world when it dared to challenge big giants like Apple, Google ... At that time, Drew Houston, founder and CEO (CEO) of this company is not yet 30 years old.
Dropbox, now, continues its strong and steady strides along the 32-year-old boss's ambitious and entrepreneurial business strategy.
Dropbox, one of the leading data warehousing firms, is on the way to earning $ 300 million this year and becoming one of the most successful technology companies ever.
But when a company grows at super-fast speeds, other competitors are also trying to grab the market share of the technology market.
Dropbox is currently competing for storage with major technology giants such as Microsoft, Google and Amazon. Drew Houston - The CEO of Dropbox knows this and knows how to respond in this battle.
"We compete with every big company in the world and they all want to attack us," Drew Houston said.
Looking back over the past few years of Dropbox, many believe in the CEO's insistence and trust Dropbox will continue to embark on the technology market.
Drew Houston started his business from the age of 20. Currently, the Dropbox application is one of the best online storage providers in the world.
With just $ 15,000 in initial funding, Dropbox Technology is estimated to be worth nearly $ 10 billion after only eight years of operation.
Drew Houston, co-founder and current CEO of Dropbox, holds a 15% stake in the company.
Many argue that the field is in the race for zero when companies try to cut prices and provide larger data warehouses.
Forbes, for example, thinks Dropbox is growing healthy. In just two years, Dropbox has grown close to rivals such as Syncplicity and Egnyte.
The growth of Dropbox is impressive. Since its inception in 2007, the company has added 300 million new users across 200 different countries.
As a result, Dropbox became the "hot" start-up story in Silicon Valley.
In 2012, Dropbox reached 100 million users, an increase of 300 million in 2015. This is a rapid growth rate that no technology company has achieved.
Even so, Dropbox is in a great transition. In the fourth quarter of 2013, Dropbox has recruited about 200 new people, focusing on sales and opening more offices abroad.
New business strategies are applied with very high target set.
As a result, Dropbox has signed more contracts with major corporate clients such as Under Armor, News Corp, Hyatt and Yahoo.
In order to have enough power for the fierce competition in the field of technology, Dropbox decided to buy CloudOn, a provider of mobile document editing and editing solutions earlier this year.
The deal brings Dropbox to around 30 CloudOn engineers as well as a software research center in Herzliya, Israel. This is what the company needs in its expansion strategy to the whole world.
This move will also help streamline live documentation on Dropbox, which is similar to what you can do with OneDrive, iCloud or Google Drive. The value of the deal is not disclosed.
CloudOn previously provided an application that runs on the iPad to deliver a full Microsoft Office experience to users. The iPad only acts as an image receiver and interacts with the user, and the interface, processing, and so on are all done on the CloudOn server.
The company also has some other tools for editing and editing files online. The company currently has about 9 million users.
The simplest "fit for most people" philosophy is Dropbox's main development direction. Drew Houston is of the opinion that there should not be too much stuff, just focus on the core product that is syncing, automation, and easy sharing. That's the best spotlight on Dropbox for other cloud services. .
However, competition with Apple, Microsoft, Amazon and Google is something Houston is concerned about. If Dropbox has 300 million customers, Apple has a significant number of users, all using Apple's iPhone, iPod, and iPad.
Google is even more scary with 1 billion customers on Google each month and 190 million people own devices running Google's Android operating system.
With its business and development strategies, Drew Houston is confident that he will continue to win as he has achieved in the past.
