Referring friends and others to sign up can net you a total of 18GB of free space, otherwise Pro paid solutions offer anywhere from 100GB to 500GB at monthly rates. Interested? You can go to their site to download Dropbox and try the application right now.For the unfamiliar, Dropbox offers an excellent cloud based file storage solution that is free at the entry level for 2GB of space. Its uses the freemium business model – offering free basic functionality, but users have to pay for advanced features like more space, speed, etc. Today the company is valued at billions of dollars and it hasn’t stopped expanding. In February 2013, the service was responsible for 0.29% of the world’s global Internet traffic. Today, Dropbox is one of the most popular cloud storage sites in the world. At the end of the same year, the service had reached 100 million registered users. This was a wise move because all of Facebook’s users now could directly share on the group pages of Facebook, without even leaving the site. In September 2012, Dropbox signed a partnership with the biggest social network – Facebook. By 2011, Dropbox had already conquered around 14% of the market with 50 million registered users. The service also offered a free plan which was limited to 2 gigabytes, completely free. The Dropbox folder then appeared on the desktop. The only thing one had to do to use the service was to sign up, install an application on his/her computer, and that was all. Everybody liked it because of its simple and easy to use interface. The start of the service was officially launched about a year later, on the technology conference of TechCrunch, in 2008.Īfter launching, the company started expanding rapidly.

This is how Drew had the money to start developing the site. His business idea was backed up financially by the venture company – Y Combinator. This was how in June 2007, he founded his company and named it Dropbox Inc. So Drew decided to create an online storage service for people like him, which was supposed to be extremely simple and at the same time very functional. During that time, there were some providers of file hosting but they were difficult to use and anything but user-friendly.

He had a problem of repeatedly forgetting his USB flash drive, and he decided to solve this issue. Drew Houston was an ordinary student at Massachusetts Institute of Technology.

Picture of the dropbox logo