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Dropbox is often cited as a success story when it comes to startups. But makes me think, is this what we should call successful companies? Companies that takes
by capableweb 6y ago
Dropbox is often cited as a success story when it comes to startups. But makes me think, is this what we should call successful companies? Companies that takes others money, grow the company until they've grown too much and need to fire people because of their poor decisions? Sure, Dropbox is a whole of 13 years old, which is infinity time on the internet, but considering the rest of the ecosystem with businesses (where some been around for more than one thousand years), is this really what we should aspire towards?
- santoshalper 6y agoI don't think they've been a startup for quite some time. They are a mid-sized tech business, and sometimes businesses have to lay people off. It's the cycle of nature and inevitable as the competitive landscape changes. Dropbox was a great startup, and is a mediocre corporation.
- bdcravens 6y agoThe point of taking others' money really isn't relevant, as those investors have had their exit when Dropox IPO'ed almost 3 years ago. Today's announcement is a product of the company Dropbox is today, not then.
- xseparator 6y agoIt's absolutely relevant. The need for those investors to even have an exit is what set them on the course to IPO. Today's situation is a direct result of investors herding them in this direction.
- deleted 6y ago[deleted]