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-- ethics Silicon Valley stories of startups beginning in garages and dorm rooms well since 2005.
A young entrepreneur or has had his head in the clouds with -- cloud storage business box which she's started in his dorm room but now -- He's definitely thinking outside the box because he recently acquired several new businesses.
And he's exploding in strength and -- really he's joined by Adam Shapiro he's got -- -- fox co-founder and CE.
I think all things digital conference -- back in -- for -- California Adam can't wait to hear this one.
Liz thank you this is the kind of man you want to meet only 2728 years old right now -- now but box when the concept for this we were talking about.
You know that coming up -- this same 2005 before any of us had.
I pads or -- you we all had PCs with hard drives.
Which come up -- the idea and how are you gonna compete against Google Microsoft -- keep those guys -- Dallas and in 2004 which is really on the idea and the kind of Genesis of box kind of came to us on this is a point during college -- the time where you -- working from lots of different devices so library computer personal computer Blackberry.
I text phone a Blackberry -- -- -- -- yourself in a criminal the latest information that you wanted to -- -- member.
And we realize that you could finally you know -- store this information and on servers that were hosted are they know what what today we think of as the cloud.
And -- -- really really simple interface to have people interact with their data from anywhere -- device will be launched in two -- five.
We got very lucky Mark Cuban invest in the company very early in 2006 we actually decided to drop out of college -- we moved up to the Bay Area.
And then we ultimately decided to focus the company entirely on the enterprise market which is what we do today it says let's talk about the clout variances you don't bite you might have an apple product you can store stuff anti cloud we can do this through Google.
You've got 416.
Fortune 500 companies which are using box.
Why is this better than say having it as I do in my office at what I've -- files on an old fashioned PC stored right there -- why would I wanna go into the well it's not so much that that your files can't still get your PC it's that you no longer need servers incited your data center so you know you as an individual it hopefully have a very seamless experience having your data in the cloud.
But if you are managing IT for an organization of a hundred or thousand or 101000 or a 100000 employees.
You no longer want to be in the business of managing infrastructure and maintaining software and systems across your entire enterprise.
When you can go virtualized those technologies from companies like Google and worked day and sells for -- com and Amazon and box -- resilient and it's definite success.
-- about it about a billion dollars right now revenue up by what was it a 160%.
2012 over 2011 yes but a seventy million dollars.
Why though Francis PNG.
Their clients why they can be why why not Google wind ought apple I mean -- these -- -- she knew gosh you know monsters in this.
Say this arena well but this is an event apple they they don't really serve enterprise like this and and for other players you know what we think we've done and what companies like Procter & Gamble and and -- you day and Schneider electric and many kind of if pharmaceutical companies have recognized.
Is that box has been able to balance this sort of consumer grade technology that you would want to use as an end user.
And enterprise scalability and security that you're used as an IT buyer and there's just not many products which can do that at the scale of -- -- 800000.
Person organization -- -- and let me bring in does that list -- in our anchor -- New York -- as you question you'll see right over there.
Hi Aaron that's great to see -- it's great to hear your story we have watched you guys very closely Ed and I guess the question really becomes at this point.
What happens if somebody wants to buy you see what the kind of guy is a very independent thinker.
And what happens if that a big boy at picking Google anybody wants to come in and snapped if you just -- -- Yahoo! did with Tumblr.
And they -- thinking wow this is awesome would you think of it the same way or would you say no I want to run this thing this is the what I would have created what I wanna do.
I I I lately wholly independent thinker -- -- as a compliment we are.
-- entirely focused on building a long term sustainable independent company we've.
It would certainly considered things like acquisitions in the past and we made it pretty clear decision to.
Stay the course and don't let our our own an independent company we think were.
Just a couple percent of the way through the amount of disruption -- changed.
That's going to happen in the enterprise software market.
And so we're really in this for the long run we we sort of have a roadmap and a vision for the space that is decades out and we -- to be able to build a company they can see that.
-- -- -- -- Some know literally has just -- no pressure from the investors out there.
I think I -- well we're fortunate to have investors that sort of see the same things -- you sell your company today you.
Walk the amount of value that you can create an investor and what we believe we're gonna be orders of magnitude larger of the opportunities order of magnitude larger than what we're at today on that that continues to great opportunity for investors.
Liz I did that.
Yet there's a question though I did this -- came up and a special we just had on Fox Business security kept -- you know getting did the whole world's into the cloud.
What kind of protection to I have a kind of redundancies you have if you know there's some kind of failure how to make sure my dad is still there even how to make sure you're not -- my data to the government.
Plus our business is entirely predicated on us being able to secure your data and -- turn it maintain the accessibility and reliability of our systems.
So I'm so we invest disproportionately in making sure that that your data is -- -- when it's within box we have a achieve trust officer that just joined us from Yahoo! and previously semantic where he was that chief information security officer so.
We focus disproportionately on how you can't and you can guarantee that this stuff if there's you know fire you know fires happen its server farms.
That this stuff has backed out but there's a multiple redundancies I'd like yes so and so fire and earthquake guy any kind of natural disaster that happens in one location we have multiple occasions in which we -- and store data.
And so were well protected against those kinds of events and a lot of times we hear from customers and we see from -- -- experience that.
We've been able to invest more deeply in redundancy -- security and protection of their data may be able to do themselves which means that your benefiting from the economies of scale that we have as a company where we had 800 people of entirely focused on just this problem.
And few -- organizations have that ability to sort of match that.
Well Aaron -- it's been a pleasure to have -- on Fox Business all the best Syria -- kind of wish that when your parents are tiny get your heads out of I don't listen to the but he clearly did and look -- areas today.
Really I had on somebody dropped out of USC because -- -- Berkeley girl so listen congratulations thanks thanks Aaron.
Eric what have you on three days in the valley in September so please say yes thanks very thanks.
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