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).