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Dropbox is the simple, powerful file storage service that provides a solution for users and businesses to collaborate, access and share files from any device at any time.
https://www.dropbox.com/$20,600 US
Cloud Hosting/Storage
$1.1B
$10.38B
Dropbox and Box are two of the largest and most full-featured cloud storage and online backup services1. Below is a comparison of the two companies:
Dropbox |
Box |
|
Description |
Launched in 2008 Focus: Historically B2C, has expanded to include businesses. |
Launched in 2005 Focus: Historically B2B, enterprise collaboration; has expanded to include personal users. |
Company Status |
Private |
Public (NYSE: BOX) IPO event in Jan 23, 2015. Current valuation of $2.1B |
Financials |
2013 estimate: $200M 2014 estimate: $400M 2015 estimate: $750M 2016: Request from InvestX; not publicly disclosed |
F2013: $124M F2014: $216M F2015: $303M 2016: $374M (TTM) |
Customers |
Over 500M |
Over 44M |
Customer Acquisition Costs |
Low acquisition cost due to viral growth - incentivizes users by increasing their free storage when they refer friends to the service. |
Spends aggressively on sales and marketing - nearly equaling its total revenue in 2015 and pacing at 2.4X its spending on R&D in 2015 F2014: $269M F2015: $314M F2016: $318M |
Customer Growth Rate |
Customers grew from 300M in 2014 to 500M in 2016 Business customers grew from 50K in 2014 to 200K in 2016 |
Customers grew from 24M in 2014 to 44M in 2016 Business customers grew from 34K in 2014 to 69K in 2016 |
Sources:
1. http://www.diffen.com/difference/Box_vs_Dropbox