Dropbox

Revenue

$1.1 billion (2018)

Employees

1,500 (2016)

Founded

2007



Overview:
Dropbox is a file hosting service operated by American company Dropbox, Inc., headquartered in San Francisco, California, that offers cloud storage, file synchronization, personal cloud, and client software. Dropbox was founded in 2007, by MIT students Drew Houston and Arash Ferdowsi, as a startup company, with initial funding from seed accelerator Y Combinator. It has been ranked as one of the most valuable startups in the US and the world, with a valuation of over US$10 billion, and it has been described as one of Y Combinator's most successful investments to date. However, Dropbox has also experienced criticism and generated controversy for issues including security breaches and privacy concerns.

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Industries:
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Information Technology
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Services



Similar firms (based on pattern co-occurrence):
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5 shared patterns
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5 shared patterns
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4 shared patterns
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4 shared patterns
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4 shared patterns
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4 shared patterns
Business Model Patterns:

Affiliation

How they do it: As a user of Dropbox’ file hosting service, customers can earn additional hosting space by inviting friends to use the service as well.

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Digitization

How they do it: For consumers, Dropbox made owning a local, physical harddrive for file storage and backup obsolete. The data storage capacity offered by Dropbox’s Cloud replaces the traditional paradigm of saving files on a system in customer’s offices or homes.

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Freemium

How they do it: A basic version with limited hosting space is offered to customers for free. However, customers then have the chance to purchase subscriptions for larger amounts of storage space.

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Guaranteed Availability

How they do it: Dropbox file hosting service is available 24/7, allowing customers to access their files anytime and from anywhere.

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Lock-in

How they do it: The more files customers have saved on their Dropbox’ file hosting space and the more devices are linked to it or the more users the space is shared with, the more effort it is to switch to another service.

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Peer-to-peer

How they do it: Dropbox offers to share file hosting space and individual files with other users. This service includes the option to collaboratively work on files at the same time.

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Rent Instead Of Buy

How they do it: Dropbox file hosting space is not owned by the customer, but he can utilize it to store his files online. This eliminates the need for a physical hard drive.

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Subscription

How they do it: Customers who are in need of larger amount of file hosting space, can upgrade their capacity by booking monthly or annual subscription. The more space they require the higher is the price for the subscription.

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