“Founded in 2007, Dropbox epitomizes the freemium go-to-market. Dropbox has grown from 0 to 500 million users over that time period. 2% of those users convert to paid and pay an average of $9.33 per month. 90% of revenue originates through self serve channels – an astounding figure for company that generated more than $1B in revenue last year.”
Original source: Dropbox S-1 Analysis – The King of Freemium
“Dropbox made $1.106 billion in revenue in the year ending in December, and lost $111.7 million on a net basis. That was growth of 31% in revenue terms, and an improvement on the bottom line of roughly half the year-earlier losses.”
Original source: Dropbox IPO and financials
“doing over $1B in annualized sales and are cash flow positive.”
Original source: Dropbox files for IPO — and their numbers are looking solid
Container networking and storage is hella-complicated. Check out this conversation with Usha Ramachandran, Richard Seroter, and myself on the topic, including a discussion of why it’s so complicated and how Cloud Foundry addresses the problems.
For one, it looks like HP Helion OEM’s SwiftStack, which is a nice partnership. Two, their CEO points towards going after enterprise storage:
SwiftStack founder and CEO Joe Arnold said all enterprise applications will eventually rely on object storage to keep up with growth of data and access points required by users. ”It’s the only way enterprises will be able to compete today and in the future,” he said.
I don’t cover storage too closely, but the cloud storage space seems like it’s going to be a rough street fight between the forces of customers not knowing if and how they should use it, Red Hat, the incumbent storage folks (EMC, NetApp, Dell, Oracle, etc.), and all the little startups like SwiftStack. Get some popcorn.
SwiftStack 2.0, used by HP Helion, going after enterprise storage
“Dropbox is super expensive compared to other data storage options.” (via @mims)
See the big ol’ write-up of various options and considerations.