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Dropbox IPO?

Nice little article in MIT tech review on how Dropbox has expanded its focus on the broader (enterprise) collaboration market. Some tidbits that caught my eye:

  • Dropbox has a ~$10B valuation; sales are running at ~$1B a year up from ~$400M in 2014
  • Cash flow positive since 2016
  • About 10M new people start using the free version every month. Wow
  • More than 200k companies have signed up for Dropbox business (up from 50k in 2014). Most are small companies

But not all is rosy. It’s still a very competitive market – e.g. Gartner counted ~130 companies in the file storage/sync market. Plus companies like Google are bolstering their collaboration offerings (e.g. they released a bunch of new features at Google Next this week).

Worth a read (but you will need a subscription).

 

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