Drew Houston is the co-founder and CEO of Dropbox. He is sharing the valuation terms of Dropbox's early funding round raised from Sequoia Capital after completing Y Combinator.
“Yeah, it was a 1.2 million on 3.8 pre, so five posts.”
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More from Drew Houston
AssertionSupported
Steve Jobs told Dropbox it was 'a feature, not a product' in 2009
“He was like, well, you guys are a feature, not a product. And now we're gonna have to like compete with you and kill you and you don't have distribution and dah, dah, dah, dah, dah.”
Drew HoustonOct 18, 2022▶ 49:04Dropbox CEO Drew Houston: How to Pick a Co-Founder; Steve Jobs' Attempt to Buy Dropbox | 20VC #938 · 20VC with Harry Stebbings
Opinion
Drew Houston: Enneagram is like Myers-Briggs, but actually useful
“And then I'd say the best exercise I've done on this dimension is learning about the Enneagram. Which are for those not familiar is it's kind of, you probably heard of Myers-Briggs or different personality typing systems. I think of the Enneagram is like it's …”
Drew HoustonOct 18, 2022▶ 17:36Dropbox CEO Drew Houston: How to Pick a Co-Founder; Steve Jobs' Attempt to Buy Dropbox | 20VC #938 · 20VC with Harry Stebbings
Insight
Drew Houston: Scaling a business rewards you with stronger competitors
“In, as you move up in the big leagues and you make the playoffs, like your reward every time is a bigger or like a bigger and stronger opponent, you know?”
Drew HoustonOct 18, 2022▶ 30:11Dropbox CEO Drew Houston: How to Pick a Co-Founder; Steve Jobs' Attempt to Buy Dropbox | 20VC #938 · 20VC with Harry Stebbings
Insight
Drew Houston: Tech media inevitably builds startups up to tear them down
“You know, it's not personal. They just, they need something that's like the little engine that could, and then at some point they need to tear it down. Like this is how it always has been and always will be.”
Drew HoustonOct 18, 2022▶ 33:58Dropbox CEO Drew Houston: How to Pick a Co-Founder; Steve Jobs' Attempt to Buy Dropbox | 20VC #938 · 20VC with Harry Stebbings
Insight
Houston: Party rounds diffuse responsibility and leave founders without committed supporters
“Party rounds are very popular, but then they kind of diffuse responsibility or you end up with, you think you have a lot of people supporting you, but I really, no one's invested in your success.”
Drew HoustonOct 18, 2022▶ 46:25Dropbox CEO Drew Houston: How to Pick a Co-Founder; Steve Jobs' Attempt to Buy Dropbox | 20VC #938 · 20VC with Harry Stebbings
AssertionSupported
Paul Graham required Drew Houston to find a co-founder for YC
“I got an email from Paul saying, Hey, like your idea, but you need a co-founder. If you're going to get into YC.”
Drew HoustonOct 18, 2022▶ 3:54Dropbox CEO Drew Houston: How to Pick a Co-Founder; Steve Jobs' Attempt to Buy Dropbox | 20VC #938 · 20VC with Harry Stebbings
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