The first example is Paper, which provides a kind of virtual white space where employees and contractors can share Excel spreadsheets, Google Docs, and other digital assets regardless of what device they are using.

have more than 10,000 seats.Ī successful push into productivity and collaboration software could give corporate customers much more to buy from Dropbox. While most are small and medium-sized companies, a few big companies such as Expedia and News Corp. So far more than 200,000 companies have signed up for Dropbox Business, up from 50,000 in 2014. Many of those Pro customers use Dropbox at work, and once their employers realize how popular it is they are more likely to step up to Dropbox Business, which is designed for use by teams rather than individuals. An increasing percentage of those users sign up for the $100-a-year Pro version, which offers more storage and sharing features. About 10 million new people start using the free consumer product every month. Still, Schreier and other investors insist they are no longer worried about Dropbox’s fundamental business model.

Who owns dropbox ipo