• Box CEO Aaron Levie Wants to Talk About Dropbox's Planned IPO

    3 monthes ago - By Fortune

    Box CEO Aaron Levie has some thoughts about Dropbox's public filing for an IPO.
    Although both Box and Dropbox sell to customers online storage for their documents and data, Levie argues that they are two very different companies that target different kinds of customers.
    He volunteered to comment to Fortune about Dropbox's planned IPO, publicly confirmed on Friday in a regulatory filing, to help Wall Street understand the differences between the two businesses. While Box and Dropbox are "similar in some ways," he says it's "mostly in name" only.
    "It's his fault," Levie joked, referring to...
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  • Dropbox's IPO is just the latest case of startup CEOs consolidating their power - and investors should be outraged

    Dropbox's IPO is just the latest case of startup CEOs consolidating their power - and investors should be outraged

    3 monthes ago - By Business Insider

    A growing number of tech companies are setting up stock arrangements that give outsized voting power to executives and founders - at the expense of regular shareholders.
    Dropbox, which on Friday released the paperwork it filed to go public, is the latest startup to go this route; the arrangement would give CEO Drew Houston nearly a quarter of the voting power at the company.
    Such stock structures insulate insiders from shareholder concerns, a privilege that executives and managers can abuse.
    When it comes to public investors, tech companies increasingly seem to be coming to the belief that...
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  • Equity shot: Dropbox is going public, and Aaron Levie has some advice

    3 monthes ago - By Tech Crunch

    And welcome back to Equity, TechCrunch's venture capital-focused podcast where we unpack the numbers behind the headlines. At long last, after many predictions and even a private filing, Dropbox dropped its S-1 today. The filing marks the public beginning of the end of Dropbox's life as a private company. Dropbox is going public! To mark the occasion, Katie Roof and Alex...
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  • Box's Aaron Levie has some hilarious advice for Dropbox's Drew Houston on how to be CEO of a public company

    Box's Aaron Levie has some hilarious advice for Dropbox's Drew Houston on how to be CEO of a public company

    3 monthes ago - By Business Insider

    The CEO of Box was gracious and funny in welcoming Dropbox, his highest-profile competitor, to the ranks of the publicly-traded tech companies.
    But Box CEO Aaron Levie, who's been known to smack-talk Dropbox, did have a funny bit of advice for Dropbox CEO Drew Houston: Watch out for gray hairs.
    On Friday, Dropbox filed for its long-anticipated IPO and it looks like it could be a doozy. It shows revenues of $1.1 billion and losses of $111 million - with revenue climbing and loses narrowing.
    One of the first to congratulate Dropbox's 34-year-old founder CEO Drew Houston was 32-year old Box...
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