• Forbes Dropbox Profile Divulges Details of Jobs' and Apple's Acquisition Offer

    Rumors surfaced last month that Dropbox balked at an $800 million acquisition offer from Apple. A new profile of the company in the upcoming issue of Forbes confirms the deal, and a lot more.

    The Forbes cover story details Dropbox founders Drew Houston and Arash Ferdowsi’s personal meetings with Jobs, the first of which occurred in December of 2009 at Job’s Cupertino office.

    I mean, Steve friggin’ Jobs,” remembers Houston, now 28. “How do you even prepare for that?” When Houston whipped out his laptop for a demo, Jobs, in his signature jeans and black turtleneck, coolly waved him away: “I know what you do. — Forbes
    Houston and Ferdowsi cut Job’s pitch short and informed him the company wasn’t for sale, even for 9-figures. ,.

    Jobs smiled warmly as he told them he was going after their market. “He said we were a feature, not a product,” says Houston. Courteously, Jobs spent the next half hour waxing on over tea about his return to Apple, and why not to trust investors, as the duo—or more accurately, Houston, who plays Penn to Ferdowsi’s mute Teller—peppered him with questions. — Forbes
    Jobs later suggested they meet at Dropbox’s San Francisco office, but Houston declined, instead offering to meet in Silicon Valley. Job’s didn’t like the suggestion and cut off contact with Dropbox. The next time Jobs would mention Dropbox was this June during the iCloud announcement where he knocked Dropbox’s attempt to solve the cloud storage problem.

    Jobs may have knocked Dropbox during his last keynote, and indeed included cloud storage as a mere feature of a larger product in iCloud, but that doesn’t change the fact Dropbox is an insanely successful company. Dropbox now has more than 50 million users, and recently raised $250 million in capital investments.

    Source: Forbes
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