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Founder-story archive · · 60 seconds

Drew Houston and Dropbox

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Timestamped caption record

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  1. 0:00Drew Houston turned down Steve Jobs.
  2. 0:02Jobs told him Dropbox was a feature, not
  3. 0:04a product, and that Apple would go after
  4. 0:06his market. Meet Drew Houston. In 2007,
  5. 0:09he forgot his USB stick on a bus trip
  6. 0:11and started coding a fix. [music] With
  7. 0:13Arash Ferdowsi, he built Dropbox at Y
  8. 0:16Combinator. Drop a file in one folder,
  9. 0:18it's on every device. Free to start,
  10. 0:20paid for more space. In December 2009,
  11. 0:23Steve Jobs invited him to Cupertino and
  12. 0:25offered nine figures. Houston said,
  13. 0:27"No." That's how he told it Forbes. 18
  14. 0:30months later, Apple launched iCloud. In
  15. 0:322018, Dropbox went public and its shares
  16. 0:35jumped 36% on day one. Then growth
  17. 0:38stalled. In 2024, it cut a fifth of its
  18. 0:41staff. But more than 18 million people
  19. 0:43still pay for it. Last year, it made
  20. 0:45$508 million in profit. In May, Houston
  21. 0:48said he would hand over the CEO job.
  22. 0:50Jobs called it a feature. It still makes
  23. 0:52half a billion dollars a year in profit.
  24. 0:55Follow Vibe Economics for more.
Original publication and evidence scope

Original YouTube title: “Steve Jobs called Dropbox a feature. It's still here.”. The original title may contain claims not confirmed by this companion.

Upload date, duration and captions were retrieved from the public YouTube record on 2026-10-16. Dates are day-level, not an asserted exact upload time. Market values, audience totals and references to “today” belong to the original publication context.

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