Secretary of State Condoleezza Rice.ĭrew Houston has a net worth of $1.2 billion. Other high profile names that stand to win big in the Dropbox IPO include co-founder Arash Ferdowski, venture capital firms Sequoia Capital and Accel, the board of directors – which includes former HP CEO Meg Whitman and former U.S. An updated version of my Dropbox analysis video, I wanted to go a lot more in depth in this video around Dropboxs competition such as Google Drive, Microsof. Dropbox lost $11 million on $1.1 billion in 2017. The S-1 filing shows that while Dropbox's annual performance has been improving, it is still not a profitable company. That puts them worth $891 million.īasically, Houston stands to gain a lot by hanging onto those shares and keeping Dropbox a hot company. Class B shares were valued at $7.01 each at the end of last year. Class B stock offers more voting power than the Class A shares that will be sold to the public.
Houston also holds 127 million shares of Class B stock in addition to the grant. If Houston hits that target – and hangs onto all of the shares he was given, that would amount to $930 million. The highest share price targeted in the grant is $60 a share. That would be roughly $62 million for Houston. As a private company, it has made marginal strides. According to NASDAQ, the company has the interest to raise funds of USD 500 million shortly. About 3.1 million of Houston's shares will vest after January 1 st (once the lock-up period on insider selling ends) if Dropbox's shares hit $20. Tech company Dropbox has filed an S-1 registration form with the U.S Securities and Exchange Commission (SEC), signally to the world its intentions to go public, with their ticker possibly being DBX. Houston could see some of the cash from that grant by next year.
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