This prospective partner was also a student of MIT. Finally, he found an eager student who was quite impressed with the idea. Dropbox Startup & Co-founderįor getting a second partner, Houston came up with an idea. Finding a Business partner within a short span was somewhat difficult, and Drew called this search to find a business partner similar to finding a life partner. The logic of the funding company behind this condition was that if a business has more than just one founder, the chances of failure are reduced. So the condition was that the founder, Drew Handston, must get a business partner within two weeks. So do you know who came to the front for financing? It was none other than Y combinators which is One of Silicon Valley's biggest seed accelerators.īut these big fundings don't come without terms and conditions. Dropbox Startup Story - FundingĪfter getting this idea on working on something that will end the need of carrying a USB, the next task was to get funding. He realized that it would help even other people. So finally, he started working on coding and came up with a prototype. He believed that in 2000 there were many problems with Internet services like bugs, latency, etc., for which he needed a solution. While he was travelling on a bus from Boston to New York, he got an idea of creating software for the same. To tackle this problem, he wanted a personalized solution. He used to forget his USB flash drive almost every day, which caused him problems. Drew Houston and Arash Ferdowsi - Dropbox Startup Founders Dropbox Startup Story – Idea Evolutionĭrew Houston was a student at MIT (Massachusetts Institute of Technology).
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