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The most important thing you are missing is traction. They reached half a billion signups recently, and have many millions of active users, which is very valuab
by Mahn 10y ago
The most important thing you are missing is traction. They reached half a billion signups recently, and have many millions of active users, which is very valuable in itself.
Sure, if you were you start a file syncing dropbox competitor today you would have a hard time, but the position they are in is far more defensible simply because they have a massive user base.
It's the same reason why WhatsApp was acquired for billions, their "value proposition" from a product and feature set point of view was weak, but they had a traction and a massive user base. And having a massive user base is almost all that matters nowadays.
- PeCaN 10y agoThe reason WhatsApp is valuable is because a chat app is rather useless without a massive userbase. That's not true for file syncing. Having a massive user base may be all that matters for inherently social applications, but Dropbox is definitely not one of those.
- prostoalex 10y agoThe jury is still out on conversion numbers for those sign-ups. If you were on a mission to maximize freely available online storage space, wouldn't you sign up for all available?
- vaishaksuresh 10y agoI've been using dropbox for many many years now. I had a lot of space because of the space race thing they did when I was in school. I still have about 7 GB of space which is ok for the moment.I would not pay for more space though. I have a NAS connected to the internet anyway. I am pretty sure a majority of the billion users also will not pay. So what is the point in having so many users?