Enterprise startups - the best-kept secret in tech.
September 9, 2011 2:05 PM Subscribe
This 26-Year Old Founder Is Raising $100 Million To Take On Giants Like Microsoft.
posted by VikingSword (47 comments total)
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As a 20 year-old college student, Aaron Levie
, together with Dylan Smith. It was launched from his dorm room in 2005, 'with the goal of helping people easily access their information from any location'.
'About three years in, he looked at the company and saw a split between consumers and business users. He realized he would have to choose one or the other, and banked on enterprises.
It turned out to be the right move: Box.net has made the turn from being used by individuals and small departments to selling directly to CIOs, and is winning contracts away from giants like Microsoft—the company just got an 18,000-seat deal with Procter & Gamble.
In fact, the company's customers are growing so fast that Box recently filed for a new $35 million round—just months after closing a $48 million round in February. The company is on track to have more than $100 million in funding at a $500 million valuation. It's also overflowing its current headquarters with more than 240 employees, and is planning to move into a new space early next year.'
From the interview with Levie: "why Google+ will fail
"; "why time is on his side—and working against Oracle and Microsoft
"; "one reason Steve Jobs will be irreplaceable
Plus an earlier NYTimes interview