Dropbox Built an IPO Based on Business Users, but It Cannot Ignore IoT and AI For Long-Term Success

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1Q 2018 | IN-5076

 

A Sold-Out IPO

NEWS


On March 22, 2018, Dropbox had its Initial Public Offering (IPO), raising US$750 million and giving the company an overall valuation of US$9.2 billion. In its prospectus, the company did announce some respectable metrics:

  • Dropbox generated US$1.1 billion in sales in 2017, a 31% increase on the US$844.8 million it achieved in the previous year.
  • Of course, like most hip and trendy “tech unicorns,” the company has not been profitable to date. In 2017, Dropbox lost US$111.7 million, but that is 47% less than the US$305.0 million it lost in 2016.
  • Overall registered users around the world have stayed the same at 500 million, but the company stresses that 11 million of those are paying for additional collaborative and business-friendly features and that its core corporate software product, Dropbox Business, now has 300,000 users up from 150,000 a year ago.

These ar...

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