Box spent a lot of money on sales and marketing acquiring customers and so IPO'd after in 2014 after being at a net loss of $168M over the course of 2013. Levie

Box spent a lot of money on sales and marketing acquiring customers and so IPO'd after in 2014 after being at a net loss of $168M over the course of 2013. Levie had to give up a lot of equity to justify raising more money. More in this TC article: https://techcrunch.com/2014/03/24/hotshot-ceo-aaron-levie-will-only-own-5-7-of-box-when-it-ipos-investor-dfj-owns-25-5/ https://techcrunch.com/2014/03/24/hotshot-ceo-aaron-levie-wi...