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Indices well Dropbox dot com is one of the fastest growing Internet storage companies out there take a look at this company's really -- and statistics first.
This storage web site has 25 million registered users we don't -- there you go 25 million registered users more than a million files are saved on the site every five minutes if you can believe that.
And in total over 200 million files are saved every single day.
Dropbox is CEO -- house -- -- joining you live from San Francisco thanks for being with us today Ager -- Glad to be here pressed a little bit about what Dropbox is -- -- think when you start to talk about the clouds they think your head start to go into the clouds it's very confusing confusing to the layperson out.
Sure we make it really simple basically Dropbox it's an easy way to share files across your computers and let the people so.
There email yourself stuff repair around -- -- drive.
You know have to do that anymore.
-- target audience out there we know that corporations have been doing this for a very long time but what do everyday average people like myself who I save my videos I see my picture is.
I got lots of spots -- -- sitting around about my.
How can your service help somebody like me.
It's really simple basically you you -- Dropbox on your computers and put on your phones.
And -- -- a Dropbox folder and anything you -- in there saves only computers.
And to the web so that August porn stuff is in front of you wherever you are.
-- so many liken and the cloud to an electronic locker I can expect if I can call what you do that creating electronic -- locker -- can take anywhere you wanna go out.
That being said people can break into lockers and we know that the cloud concept isn't new but what is very very.
An -- on the minds of tech and investors out there is security in the clouds so how are you dealing with those issues -- so that my baby's picture is in my personal things don't end up on the web -- -- The wrong person's hands.
Yeah I mean it's it's -- -- for users it's -- month for us I mean.
We had a great track record in this area and actually more experience doing this scale.
You know storing tens and -- of people's most important files than anyone else in the world and some really -- really Smart people working on the problem from.
Both our classmates and -- you all have security backgrounds.
But we we take it and many steps to ensure -- are files that are.
Are safe and secure and for and private.
What the competitive space -- how do you all competing against you know -- we know that go along Amazon really aren't playing very aggressively in this spot even imagine one day that they well how are you going to compete against the -- -- -- I mean we've had there been you know dozens of different companies.
And of all -- -- doing different things space.
We really see our competition has like just the status quo you know people unite themselves stuff for.
And what we've really focused on is I think where the first company make a product that people really love to -- And that's then that's always been the most important thing to lessen it's gotten us off to a good start.
He's media company in 2000 and sad then now arguably arguably just write the quiet before the storm.
How slight gap in net as an investor for you I know you have seen apple fruit from some pretty it in in precedent it VC funds out there sure what do you what some marketplace -- what's current challenges -- -- facing right now.
It's been awhile since we've we've raised money.
But I mean obviously a lot of people talked about -- what a great climate it isn't in.
And I think it's a great time to be to be building company and and you know certainly happier time in 2008 when Theres a series -- And what about the equity markets right now you haven't really -- into into VC funds into Angel investment funds as you just noted so what about the club in public markets how those looking right now.
I mean to be honest we're we're pretty has done this building great product and making our users happy so we we haven't yes we -- spend too much time looking at the public markets.
RA but I mean I'm.
This intersecting at right thanks cent drop back CEO sorry to cut you short -- house and from San Francisco.
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