Dropbox was launched in 2008, a year after it received its initial funding. However, there was still a lot of work to be put in to get the product right. With the help of Y Combinator, a startup accelerator, Dropbox received its initial funding of $1.2 million from Sequoia Capital in 2007. The incident left him so frustrated that he pledged to solve the problem once and for all. The idea for Dropbox was born in 2007 when Houston was on a bus ride and suddenly realized that he had forgotten his pen drive, which had important files on it. Well, did you know that it began as a two-person startup? Read on to know the incredible success story of Dropbox.ĭropbox founder Drew Houston was a tech prodigy who started coding when he was just 5 years old. Who hasn’t heard of Dropbox, right? The cloud storage giant provides services to over 500 million people across the globe and generates billions of dollars as annual revenue.
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