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Drew Houston got on a bus from Boston heading to New York. He planned to use the three-hour ride to get some work done, so he opened his laptop, and realized he had left his thumb drive with all of his work files at home. Drew decided he never wanted to have that problem again. On that bus ride, he started writing the code to build cloud-based file storage and sharing service he called Dropbox.

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Drew Houston formulated a mockup and idea for dropbox but to gain funding he needed a co-owner. He went to his friend and asked who the smartest person at MIT was. He said it was Arash Ferdowsi, after signing Arash things started to click and Dropbox started to become what it is today. The co-owners pulled all-nighters from April to June to be ready for the pitch to Y Combinator. Throughout their journey, they have shown why their company has succeeded. Through their success they have gone on to thrive, Arash has even created his own company.

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In 2007 Y Combinator, (a seed company that gets kick-starters their initial funding) invested 15,000 dollars into Dropbox. This gave dropbox the ability to purchase servers for the app (Capital). This came at a catch though, at the time Drew was on his own but almost all seed companies at the time would only invest in co-owners. Because of this Drew brought Arash on the team as said before (Entrepreneurship). This funding went on to acquire their first employee(Labor). ->

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Dropbox's First Employee; December of '07

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Dropbox's First Employee; December of '07

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After Dropbox got their initial funding Drew and Arash went back to their college, MIT to recruit more coders. Their first employee, Aston Motes was a key piece of the puzzle in the creation of Dropbox. Aston was an amazing coder that increased productivity 10 fold. Although they had more help the workload also increased making it 3 people staying up all night coding in the same apartment. Drew has said on multiple occasions on the podcast and outside of it that if he did not receive the help of Aston and Arash Dropbox wouldn't succeed. https://www.ycombinator.com/blog/employee-1-dropbox/#:~:text=Aston%20Motes%20was%20the%20first,intersection%20of%20music%20and%20technology.

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In an effort to become a bigger focus for the millennial target market they redesigned their website. They also redid their software for Dropbox (this is the capital). This made dropbox faster and allowed for people to download more, faster. https://www.postmm.com/web-design/dropbox-overhaul-branding-critical-look-motive/

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Dropbox Gets a Brand New Headquarters in 2019

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Dropbox Gets a Brand New Headquarters in 2019

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Dropbox's headquarters was completed in 2019. The headquarters is estimated at $1 billion. This is a record square-foot price for San Francisco. This achievement shows the tremendous growth of the company, from an apartment where 2 co-owners lived on pizza to a billion-dollar HQ in San Francisco.  https://blog.dropbox.com/topics/company/dropbox-announces-2019-expansion-into-new-headquarters-in-missio#:~:text=We're%20excited%20to%20share,we'll%20make%20our%20own.

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In October of 2020 Drew started to notice a decline in sales, the reason, less engineering growth of the website. Because of this, he hires Timothy Young. Timothy leads all product engineering, and design as well as sales, marketing, and support for dropbox. Since he has joined the team dropbox's revenue has increased a half-billion dollars. https://blog.dropbox.com/topics/company/dropbox-announces-2019-expansion-into-new-headquarters-in-missio#:~:text=We're%20excited%20to%20share,we'll%20make%20our%20own.

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Dropbox requires no resources, materials, or goods because they do not produce and physical products.