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Helping Businesses Store, Share Data

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  • Description

    Box CEO Aaron Levie on the company’s online file storage service.

  • Duration 3:41
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There's a great story they started in a college dorm room using online poker winnings as their funding.

Well now they're one of the fastest growing companies in Silicon Valley and top Mark Cuban as one of their top investors let's head back to Liz alive -- the HP labs and I'll tell us.

Where this story -- Well one of the things we do with three days in the valley is not only profiled the bigwigs like Meg Whitman -- Hewlett-Packard but also the start ups of the box dot com.

Is a perfect example I want to introduce you to the founder of the CEO as a co-founder.

His name is Aaron Levy and what -- look at how much money he's gotten in net investment 200 -- 87 million in funding.

That says to me that the Smart people in the valley think you've got a good deal what is box dot com explain to our viewers.

Sure so I'm as soon but we've we've been very fortunate to have investor like mark entries in on late Draper Fisher -- -- and -- NEA -- some.

Institutions and firms that really have invested in.

-- a lot of the future of enterprise software and technology and so what we knew it boxes we help businesses manage and store and share their data.

Anywhere from any device.

-- and with anyone and so we we have about thirteen million users on the platform about 92% of that the fortune 500 uses box in some ways so.

I'm we're trying to really power that the next generation that businesses are going to be working and running in and sharing their data.

Well David it they've got such a list of customers he can't even imagine having everyone from Procter & Gamble to Stanford University but.

How do you make your money.

Follow so that it is models really straightforward so I US and and user can can go in time for our product for free on your computer your phone and die and instantly start storing your data and day in the cloud error and as securely in our servers.

I'm and -- if you're if the business in which you work once on TU I have more security or more functionality that lets you steal the product within your at a price.

Then those enterprises pay us fifteen dollars per user per month four that that product -- the news organizations as a really simple business model.

What I find fascinating is -- almost like the FedEx story you know Fred Smith started as a college project or at least lore has it that he did it be yours started as a college project at USC and that it got so successful -- dropped out of the US city.

We we are very lucky so we started the company and this is a point when via Internet is there wasn't that much innovation going on its two -- -- 2005 we started the company.

I got very lucky that the people started -- to sign up for the service and that we're -- -- -- Mark Cuban.

I actually initially fund the company's that was incredibly exciting we left school came up the Bay Area and that.

-- and have been -- I've ever since.

I think about -- in the cloud I think who's your friend who's your -- let me try to name Microsoft's -- -- -- -- I let's say they RA.

That is competition.

So that we -- -- -- -- attention they have like little like -- they can go off now having a heck.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- The future of online documents and so he's coming to box to help us are that that future way to manage content.

-- Levy who truly represents sort of the spirit of a start up of Silicon Valley and of course complete as you can see it with the orange tennis shoes that it is classic -- -- got a big yellow slide.

In their headquarters -- comes stopped by nickel I'm glad good to see you think Arab Levy of box dot com.

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