Dropbox, Inc. is a company founded by MIT graduate Andrew Houston in 2007. The company provides web-based file hosting service to a wide range of clientele across the world.

imagesource https://www.dropbox.com/home

Houston arrived at the idea of a easy-to-use cloud-based file storage due to his own frustrations with physically transferring files from one computer to another. Having realized there are others facing the same problem, Houston came up with a solution to the problem. Short after acquiring a $7.2 million seed funding, Houston entered into a market with many existing competitors offering similar services. However, Houston and business partner Arash Ferdowsi focussed on Dropbox’s ease of access across a variety of operating platforms, making the company a easy choice for PC users all over the world. The company, now in its 5th year of operation, is speculated to be valued at more than $2 billion, while holding 10% of the world’s backup client market share and expected to continue experiencing rapid growth and expansion in the years to come.

Sometimes, innovation is not only about thinking outside the box, but finding that dark corner inside a box which has yet to been explored.

With over 2 million unique visitors accessing the Dropbox server monthly and over 45 million users worldwide, Dropbox has undoubtedly made Andrew Houston one of the most successful entrepreneurs of the 21st Century.

Additional Sources:

Tech Crunch:                                 http://techcrunch.com/2011/07/12/dropbox-raising-massive-round-at-a-5b-plus-valuation/

Dropbox | Crunchbase Profile:       http://www.crunchbase.com/company/dropbox