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Houston is the co-founder and CEO of Dropbox. I’m looking forward to working with Mark and the rest of the Board on the many opportunities and challenges ahead,” said Houston. “It’s been inspiring to watch Facebook grow into a platform that reaches billions of people around the world. He thinks deeply about where technology is going and how to build a culture that delivers services that always work well.” Mark Zuckerberg, founder and CEO of Facebook, said, “Drew brings valuable perspective to our board as a leader of a technology company with services used by millions of people and businesses. Should other software companies follow Dropbox's lead and build their own cloud infrastructure? For 99.99% of companies the public cloud is a great fit, but we're operating one of the largest cloud companies so, for us, the decision made sense.Īny takeover offers since filing to go public? No, we’ve been focused on being independent.Facebook today announced that Drew Houston, co-founder and CEO of Dropbox, has been appointed to the company’s board of directors, effective immediately. If you look at the tech companies we've admired, they're public. We felt that we're at the right balance of growth and scale and that the business is just at a really healthy place. Why go public now: Today is the product on a long-term investment that has paid off. I find it fascinating how they use Dropbox to produce listing day stuff like photos. On choosing NASDAQ over NYSE: They've been a great supporter and partner for us, and a customer. Sweating yesterday's market drop? You don't like to see giant blinking red anything the day before your IPO. We need to be focused on our inner scorecard, which is about keeping customers happy and building good products. Also, we're going to have what I'd call an outside scorecard in a market that's going to do all kinds of things. If you look at the great Internet companies, they have most of their success and financial upside after going public. That said, this is one step in a longer, more important journey. Celebrate this, because it is the result of a lot of hard work.
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Message to Dropbox employees about today: First, just enjoy it. File storage and sharing company Dropbox went public earlier today, and has seen its shares pop more than 40%.Īxios spoke to company co-founder and CEO Drew Houston about why Dropbox went public now ("we were ready"), his message to employees ("enjoy it") and if he sweated yesterday's market drop ("you don't like to see giant blinking red anything").
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