How is Dropbox doing?

New
ppSw60

New

ppSw60
Dec 18, 2017 11 Comments

I’d love to hear both from insiders and others about how the company is doing (please don’t share anything confidential):
— Has the announced focus on B2B panned out on the business front?
— Have collaboration products succeeded? (Eg Paper)
— Is DB well positioned to compete with GSuite, Office, Box etc?
— Is the revenue growth rate still around 30-40%? What’s the valuation that employees believe in?
— Had the addition of COO Dennis Woodside had the expected impact? (Had he hired capable VPs below him?)
— What’s the hold up on the IPO? Aren’t employees sick of waiting? (It would seem in 2018 the company will have finally grown into its 10B valuation).
— How’s the culture? Is there a sense of urgency / hustle?

In general, it seems to me that DB has concluded it needs to be more B2B centric, but the pace of execution has been slower than I’d expect (perhaps the opposite problem of Uber - too little hustle; consider hiring a few good Uber folks? :)

(Note: I am considering a role at DB which is B2B focused, but also generally curious about this as a case study).

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TOP 11 Comments
  • Dropbox / Eng
    f(x)

    Dropbox Eng

    f(x)
    Focus is on B2B now. Nobody knows what the hold up is at this point with IPO. Box went IPO a while ago and has since caught up to their previous valuation. Company is hitting yearly and quarterly goals for the most part so not sure. Company is still focusing on the right things, but is good at moving quickly and pivoting when necessary.
    Dec 18, 2017 1
    • New
      ppSw60

      New

      ppSw60
      OP
      My uneducated guess is: 1/ They want enough of a growth story figured out - ie B2B; 2/ They need to get to 10B valuation or bad things happen (needs 1.5B revenues to be safe).
      Dec 18, 2017
  • New / Product
    Gokd

    New Product

    PRE
    Amazon, Salesforce
    Gokd
    Even if they are making the 1 billion in revenue as they announced is their run rate for this year, they cannot IPO at a 10 billion valuation. My guess would be in the 6x to 8x multiplier to revenue range. So that makes it 6-8billion.
    Dec 18, 2017 1
    • New
      ppSw60

      New

      ppSw60
      OP
      They were at 1B in Jan17. Will be 1.5B by summer18.. by then could be 10B at 6.7x multiple. But even that’s quite rich...so perhaps by end of 2018 they IPO.
      Dec 18, 2017
  • Airbnb
    Xdooby

    Go to company page Airbnb

    Xdooby
    Their infrastructure is very very good, meaning the quality of what they do is significantly higher than competitors now. But no, their collaboration products haven’t taken off. And google or Microsoft could invest and crush them if they wanted.

    Switching costs are high so they will stay around forever but I don’t see where there is real growth potential.
    Dec 18, 2017 0
  • New
    ppSw60

    New

    ppSw60
    OP
    Box is trading at 4.7X 2018 revenues...probably what Dropbox will be valued at at IPO... SaaS median is only 6x these days https://www.bvp.com/strategy/cloud-computing/index
    Dec 18, 2017 0
  • Google / Sales
    jesss

    Go to company page Google Sales

    jesss
    Going under
    Dec 18, 2017 0