Re:Dropbox May Not Be LeBron James, but Is Still in the Game
by nacs on Thursday February 04, 2016 @12:31AM
(#11032211)
> Have an actual profitable syncing business
Source? Everything I've seen says Dropbox isn't even close to being "profitable" -- the vast majority of their customers don't pay a dime according to their CEO.
Re:Dropbox May Not Be LeBron James, but Is Still in the Game
by coldtea on Thursday February 04, 2016 @09:11AM
(#11033967)
>the vast majority of their customers don't pay a dime according to their CEO.
That doesn't matter as long as those who do pay subsidy the others. From what they said, they have 100,000+ paying businesses and smart ways (like hash-based de-duplication) for minimizing their storage costs.
Their CEO also said that they have enough cash to not need new financing.
Re:Dropbox May Not Be LeBron James, but Is Still in the Game
by nacs on Thursday February 04, 2016 @09:50AM
(#11034210)
Yes I've seen the 100K estimate on paying users but that isn't that significant considering how many millions of free users they have (and how many full-time employees they need to pay for).
And "not need new financing" is no indication of profitability either.
Have an actual profitable syncing business with several pricing tiers and tons of hooks to third party apps?
I mean, unlike tons of billion-valued "unicorns" that not only don't have an income plan (apart from "some day we'll maybe sell ads") but are also losing money.
You'd be surprised with how many 1000+ people companies are there, profitable and fine in all kinds of sectors, that are way less known than Dropbox.