Dropbox CEO Drew Houston Interview

Dropbox CEO Drew Houston on the importance of being cash flow positive 

“What it means is we can control our destiny.  It means we are funded by our customers, not our investors especially as the markets shift and the attitudes of investors may change.”

Dropbox CEO Drew Houston on valuation

“We tell people, look, even if we were public, our valuation today whatever it is, was something different 3 months ago and it will be different 3 months from now.  On the one hand, valuation is really important but what’s even more important is what our valuation is going to be in 5 years.  The other thing to realize is valuation is an output, not an input so step 1 is you have to build a great company so you should care about if your product is good and whether you have happy customers.  Those are the levers you can control.  If you build a great company over time, valuation takes care of itself.”

 

 

 

Source: Fortune Interview July 11, 2016 https://www.youtube.com/watch?v=I0ymI_slw7E

Box (BOX) CEO Aaron Levie

Box (BOX) CEO Aaron Levie on why Fortune 500 companies are slow to innovate and adapt

“There’s a lot of things in a Fortune 500 company’s value network or partnership relationships that prevent them from being innovative.  For example, if your suppliers are also behind technologically than fundamentally, you have to go work with a whole new set of suppliers which would disrupt long standing relationships that you’ve had for a very long time.  In the case of Ford or GM, if what you normally do is sell through a dealership network and the future of on-demand transportation or autonomous cars has nothing to do with dealership networks, than fundamentally you’re going to have disrupt your own distribution channels.  And because of the way incentives are designed, you have a lot of organizations that don’t want to disrupt any of their channels.”

 

 

Source: Fortune Interview July 12, 2016 https://www.youtube.com/watch?v=_TQ2-TbEKmg