Sequoia and founder Drew Houston are unusually big winners in the Dropbox payday

Sequoia and founder Drew Houston are unusually big winners in the Dropbox payday

6 years ago
Anonymous $v9r5mEH86V

https://www.recode.net/2018/2/23/17046614/sequoia-dropbox-drew-houston-s1-ownership

Dropbox’s CEO and its first big institutional investor have amassed an unusually large percentage of the company.

Dropbox, which unveiled its IPO documents on Friday, raised money relatively slowly on its way to its last valuation of $10 billion. What that means is that Drew Houston, one of the company’s founders, and Sequoia Capital, which cut Houston his first venture capital check, now stand to make a disproportionately largely amount of money off their file-sharing and cloud-storage project.

Sequoia and founder Drew Houston are unusually big winners in the Dropbox payday

Feb 24, 2018, 3:14am UTC
https://www.recode.net/2018/2/23/17046614/sequoia-dropbox-drew-houston-s1-ownership >Dropbox’s CEO and its first big institutional investor have amassed an unusually large percentage of the company. >Dropbox, which unveiled its IPO documents on Friday, raised money relatively slowly on its way to its last valuation of $10 billion. What that means is that Drew Houston, one of the company’s founders, and Sequoia Capital, which cut Houston his first venture capital check, now stand to make a disproportionately largely amount of money off their file-sharing and cloud-storage project.