Dropbox, Inc. logo

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/
MIN. INVESTMENT

$20,600 US

MARKET

Cloud Hosting/Storage

INVESTED TO DATE

$1.1B

VALUATION

$10.38B

Dropbox, Inc. - Competitors

Primary Competitor

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.
Dropbox also gained major traction with users as developer communities use or modify Dropbox's API to create add-ons.

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

 

Other Competitors

  • Amazon Cloud Drive
  • Apple iCloud
  • Google Drive
  • Microsoft OneDrive

 

 

 

Sources: 

1. http://www.diffen.com/difference/Box_vs_Dropbox