Drew Houston Net Worth is$450 Million
Drew Houston Net Worth is $450 Million. Technology entrepreneur Drew Houston has an estimated net worth of $450 Million. Hailed from Acton, Massachusetts, the 28 year old generate...[read more]http://www.richestnetworth.com/drew-houston-net-worth/
Profession: Chief Executive Officer
Date of Birth: Mar 10, 1983
Date of Birth: Mar 10, 1983
What is Drew Houston Net Worth?
How much is Drew Houston Net Worth?
How much is Drew Houston Salary?
Technology entrepreneur Drew Houston has an estimated net worth of $450 Million. Hailed from Acton, Massachusetts, the 28 year old generated his net worth as the founder and CEO of an online storage and back up company, Dropbox. Houston first came up with the idea for his online company when he was a computer science student at Massachusetts of Information and Technology (MIT). Absent-minded Houston kept leaving his USB drive behind at the college dormitory. So his solution was to device something where he could store (and backup) his college work online and access it from any computer, making life a little easier. But it suddenly dawned on Houston that his device can also benefit millions of people worldwide. With his invention, Houston along with fellow MIT graduate and close friend Arash Ferdowsi, founded Dropbox in 2007. Securing $15,000 from start-up funding firm, Y Combinator, Dropbox was officially launched a year later at TechCrunch50, an annual technology conference. Since its official launch, Dropbox has been hailed as one of the most successful start-ups in Silicon Valley. It comes to no surprise that the San Francisco-based company is so successful, as it has rapidly gained popularity worldwide especially in United Kingdom, Germany and United States. Currently, there are over 45 million people taking advantage of Houston's service. Users of Dropbox can store documents, photos and even videos and share or access them easily. In its first year, Dropbox made roughly $30 million- but this year (2011) the company's revenue is expected to rise to $100 million. The online storage and backup service was well received by the technology sector as Houston was voted the best young tech entrepreneur by Business Week and was named among the top 30 entrepreneurs under 30 by inc.com. So far, DropBox is Y-Combinator's most successful investment. Before Dropbox, Houston was involved in countless start-up projects, including Bit9, Accolade and Hubspot.
Flash News about Drew Houston
Dropbox CEO Drew Houston explains why he cut a bunch of perks and told employees to save more
Dropbox is famous for its lavish employee perks that include a Michelin star chef and open bar Fridays. But Dropbox is in cost-cutting mode and recently canceled a number of perks, even encouraging employees to help the company save more, as Business ...
Posted: June 14, 2016, 12:55 pm
Dropbox CEO Drew Houston just shared something Wall Street is really going to like
Dropbox CEO Drew Houston shared an important part about his business that will please a lot of public investors: It's free cash flow positive. Houston said during an interview at the Bloomberg Technology Conference on Tuesday that Dropbox is generating ...
Posted: June 14, 2016, 12:04 pm
3 Things You Can Learn from Drew Houston's Decade at Dropbox
Drew Houston says he relies on an unusual element to guide his leadership style: paranoia. "The first thing is having a healthy paranoia for trying to find out what you don't know that you don't know," the founder of cloud storage company Dropbox tells The ...
Posted: June 3, 2016, 12:30 pm