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Dropbox

Dropbox Said No to “Nine-Digits” Acquisition Offer From Apple, Steve Jobs

By admin on October 19, 2011

dropboxAs we were breaking the news about Dropbox’s $250 million funding round, Forbes went live with a fascinating story, detailing how co-founders Arash Ferdowsi and Drew Houston turned down a “nine-digit” acquisition offer from Apple back in late 2009 when the company was only two years old.

The late Steve Jobs, Apple’s iconic co-founder and former CEO, reportedly led the first (actually, only) meeting and apparently told Dropbox’s founders that they should sell because Apple would crush the company with a competing product (the recently released iCloud service).

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Dropbox Raises $250M in Funding, Boasts 45 Million Users

By admin on October 19, 2011

dropboxWe knew it was in the works, and now Dropbox has confirmed that it has raised a massive round of funding. The company has landed $250 million in Series B financing (bringing its total of capital raised to $257.2 million). Last we heard the round values Dropbox at $4 billion.

Index Ventures led the round, with participation from a stellar list of new investors (Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital Partners and Valiant Capital Partners). Early backers Sequoia Capital, Accel Partners, and Hadi and Ali Partovi also participated in the Series B round. Founded in 2007, Dropbox was initially jump-started at Y Combinator.

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