> Dropbox raised $350 million in a financing round that valued the six-year-old startup at $10 billion.<p>This is interesting. DB still rely on funding instead of revenue? I am sure they are working hard on enterprise-level plan. Were DB the one asking for the funding or someone proposed to DB to take the $$.<p>The other thing is that he's going from a CEO to a COO. From a business outsider, I see this as a downgrade.
The guy who oversaw the making of the best Android phone for the average person, which could have challenged the iPhone, but apparently failed to realize that it's more important to make it affordable and available internationally than to make it in America and have customizable back covers. His plan was flawed, but well executed, so I guess it makes sense that he's going to be a COO since the COO role is all about execution.
The main sellable product of a modern very successful startup is public stock. They will soon fulfill this objective. The money that makes the insiders rich comes from the shareholders, not from the revenues. This is the unfortunate reality of America in 2010s. On a sidenote, it is my prediction that the Quantitative Easing is permanent.
He's a really smart manager. Perfect for a COO role, though I'm surprised he didn't try to jump in higher. I guess he's trying to do the Sheryl Sandberg model of far-reaching COO under a charismatic but less experienced CEO.
Poor guy, couldn't get a job at Apple or Intel [0]. Got lucky Dropbox hired him.<p>[0] <a href="http://pando.com/2014/01/23/the-techtopus-how-silicon-valleys-most-celebrated-ceos-conspired-to-drive-down-100000-tech-engineers-wages/" rel="nofollow">http://pando.com/2014/01/23/the-techtopus-how-silicon-valley...</a>