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the company started back in 2012 and raised most of that money then, the market probably looked more attractive at that point to VC's (Dropbox valuation was sho
by flylib 10y ago
the company started back in 2012 and raised most of that money then, the market probably looked more attractive at that point to VC's (Dropbox valuation was shooting up) but they took awhile to release anything as it's now 2016. While at the same time, the market outlook has soured in general for file storage companies is the narrative at the moment, Dropbox has now shifted most of it's focus it seems to it's enterprise offerings as the consumer side isn't a sustainable revenue model to get to an IPO.
- sp527 10y agoWhere did you read that? Crunchbase is suggesting they've only had the one $77M round that they just raised (at least amongst large/recorded fundings). https://www.crunchbase.com/organization/upthere#/entity https://www.crunchbase.com/organization/upthere#/entity
- flylib 10y agothe 77 million round was done in the past (it might of been over multiple rounds grouped up into one number with part of the amount being more recent) some of the same backers in the round announced "officially" today are also mentioned in this article in 2012 as backers http://thenextweb.com/insider/2012/11/14/site-live-for-ex-apple-os-x-vp-bertrand-serlets-new-cloud-startup-upthere-funded-by-kpcb-elevation-and-google-ventures/ http://thenextweb.com/insider/2012/11/14/site-live-for-ex-ap...