I was reading an opinion piece by Arash Ferdowsi, co-founder of an online storage company, Dropbox. While the piece’s thrust is about the important and long term relevance of immigrants to this country, I couldn’t help but focus on the role his parents played in helping build his future. And he isn’t alone.

Yesterday, when reading the S-11 filing from on-demand delivery service, DoorDash, this comment by founder Tony Xu pulled at my heartstrings.

“Mom put food on the table by working three jobs a day for 12 years. After deferring her dreams for more than a decade, she saved enough money to return to school and open her medical clinic.”

Success often is viewed as a singular achievement when, in reality, it is a cumulative result of many sacrifices. And there is none like the parents — especially the immigrant parents. I remind myself of that every weekend.

Every Saturday, almost like clockwork, before even I grind the beans of my coffee, I make a phone call — to my aging parents in India. We talk only for a few minutes, and it is mostly banal, but it is a great reminder of the many sacrifices they have made for me to get where I am today. I can’t forget the decisions they made. Every conversation is a reminder of clothes not bought, vacations not taken, and joy put on hold so I (and my siblings) could have a better life.

November 14, 2020, San Francisco

  1. DoorDash S-1 Filing[]

Incoherence

There are some days when I wake up in a state where my mind is in overdrive. I jump from one thought to another, mostly due to some weird logic, and by the time it is noon, the whole thought process has become incoherent. Today was one of those days — I was contemplating the … Continue reading Incoherence

The OmShow Podcast Dropbox like its hot

In the new podcast, Chris and I talk about Dropbox, its amazing story and its challenges ahead as a public company. The company filed for an IPO recently. We discuss how not all storage is equal, and the best way to extract premium dollars from a storage operation is to combine it with more useful applications. Dropbox, so far, hasn’t succeeded in its ability to get its 500+ million registered users to buy into its app attempts so far.

Some previous posts that I refer to in this podcast:

Are top US startups really startups?

Pitchbook, a data research company has come up with a list of top 14 most valuable startups in the United States. There are no real surprises — they are all ranked by valuation and they all are valued at north of $4 billion. They are all household names – barring Outcome Health and Samumed.

And they have been around forever. They have thousands of employees and many have billions in revenue. What they are not is liquid on public markets. They have not IPO’d. In a different Silicon Valley, they will all be public companies and they won’t be deemed startups. Revenue, growth, relative size, market share – pick a metric (except for lack of profits in many cases) and you know they aren’t really startups.

So can we stop calling them startups — and instead maybe call them VC-backed private companies — otherwise the label startup loses its meaning. Continue reading “Are top US startups really startups?”

DropBox – From zero to a billion in a decade

I first met Drew Houston and his co-founder, Arash Ferdowsi, over nine years ago. They had been quietly working on Dropbox and were going to announce it as part of their presentation for the YCombinator demo day. When I met with them, the Young MIT dropouts pointed out they wanted to change mainstream behavior of carrying around USB sticks and make personal file sharing dead simple. They were confident that the relative ease of use of their offering would win over the masses. Good Luck, I said. Well, they nailed it.  Continue reading “DropBox – From zero to a billion in a decade”

Why Amazon (web services) and Dropbox need each other

Earlier this week, I stopped by at the offices of Dropbox, the San Francisco-based online storage and syncing service. It was quite amazing to walk through the company’s sprawling offices — the company now employs about 470 people. Five years ago, they were two guys — Arash Ferdowsi and Drew Houston — both MIT dropouts … Continue reading Why Amazon (web services) and Dropbox need each other