Wednesday, July 20, 2011

DropBox : the next big thing ?

Silicon Valley has never been this optimistic at the same time careful in financially upgrading out of box ideas. Recently when Valley pundits predicted the over cash flow and irregular distribution of financial support to the ventures, it only turned out to be hoax call as valley is growing organically.

Here is one more promising web-sharing (not web hosting) company which is being seen as the potential venture and in simple words a money maker, through the eyes of PE firms and VCs. According to the company, Dropbox is a free service that lets you bring your photos, docs, and videos anywhere and share them easily. Dropbox was founded in 2007 by Drew Houston and Arash Ferdowsi, two MIT students tired of emailing files to themselves to work from more than one computer.

Today, more than 25 million people across every continent use Dropbox to always have their stuff at hand, share with family and friends, and work on team projects. the company is in expansion mode and hiring technical guys at the lightning pace.

Dropbox is expected to make $100 million in revenue this year and Fortune valuated the company somewhere between $1-2 Billion.

Dropbox provides free hosting till 2GB and is having clear revenue model which makes it even more promising venture.

Thogh dropbox needs to be cautious at certain fields. First of all Dropbox's paid service would get tough competition from the free hosting services. Besudes this Dropbox emphasizes on "Sharing" but unfortunately its multimedia file could be not be shared with social media platforms as there is no sync available.

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