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Andrew W. Houston is the co-founder and CEO of Dropbox. According to Forbes, his net worth is about $2.2 billion Dropbox has been touted as Y Combinator's most

• CriticalCathed 7y ago
  But do they turn a profit as a company?
  • zarathustraa 7y ago
    You're funny. But to answer your question, yes, it turned a profit: > The maker of cloud-based file-sharing software reported profit, excluding some costs, of 10 cents a share, above the 6 cent average estimate of analysts polled by Bloomberg.
    • CriticalCathed 7y ago
      >excluding some costs So, not really then? From the same article: >The company also posted a narrower net loss of $7.7 million Dropbox is still not profitable.
      • jazzyjackson 7y ago
        I'm sitting here laughing like how can they report a profit, excluding some costs? what? Thanks for pointing this out
        • dymk 7y ago
          It is funny - but to add a little nuance here, it sounds like they're reinvesting tons of cash back into R&D. If they were not reinvesting as heavily, they would be cash positive. > Dropbox has demonstrated impressive growth since 2015, roughly doubling the number of paying users and revenue. Dropbox became cash-flow positive in 2016, but recorded a loss of $111 million that year after pouring money back into its product development efforts. https://qz.com/1214822/dropbox-is-filing-for-a-500-million-ipo-while-warning-it-may-never-be-profitable/ https://qz.com/1214822/dropbox-is-filing-for-a-500-million-i...