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>A simple, effective utility can't support a multi-billion valuation. This is the real issue: everyone wants to be a unicorn and no one wants to be a utility.
by technofiend 7y ago
>A simple, effective utility can't support a multi-billion valuation.
This is the real issue: everyone wants to be a unicorn and no one wants to be a utility.
- UncleMeat 7y agoWell duh.
- technofiend 7y agoRight? I feel like you could build a million karma quoting the original poster and saying "Well, duh" on Reddit. Probably lots of bots doing it already.
- jbob2000 7y agoWhich is funny because, if you ask any investor who's been around a few decades, they'll say utilities are the best investment because it's the last thing any person would cut from their budget. (ie. I'd cut my cable subscription before I'd cut my water or power)
- wyclif 7y agoThat is the real issue, but the symptom of it for Dropbox is that in order for the economics to scale, they have to break out of the commodity space. And cloud storage is now a commodity. That's why they're now willing to risk ruining what used to be a perfectly good app. Somewhere, Steve Jobs is smiling.