For the past few years, Silicon Valley has seen the rise of many start-ups. Some of these start-ups have gone on to live up to their expectations while some have fallen short of the expectations. Some of the successful start-ups in the past few years in Silicon Valley include Pinterest, Airbnb, and Uber. At the same time, many of these companies have failed to trade publicly for various reasons. However, Dropbox has paid a deaf ear to these myths, and close sources confirm that the company is considering going public in 2018. For starters, Dropbox happens to be an online storage company that offers free and paid services depending on the storage needs of its customers. The first 15 GB provided by Dropbox is free.
The New York Times learned about the issue of going public from close sources that could only speak on anonymity as they were not authorized to speak on behalf of the company. At the same time, they didn’t want to jeopardize their career prospects. At the moment, Dropbox has been valued at $10 billion meaning that should the company successfully go public, it will be one of the most successful technology companies to go for stock market listing in the last few years. This will offer the company a chance to join the likes of Airbnb, Lyft, and Uber that are expected to go public in the coming few months. As for Uber, the process is expected to be completed by the end of 2018.
The Times reported that the success or failure of Dropbox would have far-reaching consequences to other companies in Silicon Valley. This comes after several companies in Silicon Valley have attempted the feat and terribly failed. Some of the tech companies to go public in the last few years include Snapchat and Blue Apron. While we all know the services offered by Snapchat, Blue Apron specialized in meat kit delivery. Investors were left disappointed, and this led to a lot of questions being asked regarding the durability of some of these investments. At the moment, there are countless Wall Street investors who believe that Dropbox will continue to be profitable despite competition. For instance, there are numerous tech companies offering free storage services with Microsoft being a good example. Venky Ganesan works for Menlo Ventures as a venture capitalist. He believes that Dropbox IPO will be what he referred to as a harbinger for many Silicon Valley start-ups.