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Re:Dropbox says it is cash flow positive, in no rush to IPO by audleman on Wednesday June 15, 2016 @02:56PM (#11911233)
You're forgetting that Dropbox came into existence when all of those competing products already existed. They got turned down by a lot of VCs because the feel was that the space was already too crowded. But the founder had a vision and delivered a product that was actually superior enough that it attracted customers in flocks.

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