Dropbox CEO talks about how he went from rejecting Steve Jobs to an $11 billion IPO [Video]

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Dropbox CEO Drew Houston famously turned down Steve Jobs when Jobs offered to acquire the company. After the rejection, Jobs not-so-subtly implied that he"d have to put Dropbox out of business instead. On Friday, Dropbox went public, with its stock popping 35% by the end of the first day of...

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Dropbox CEO Drew Houston famously turned down Steve Jobs when Jobs offered to acquire the company. After the rejection, Jobs not-so-subtly implied that he’d have to put Dropbox out of business instead.

On Friday, Dropbox went public, with its stock popping 35% by the end of the first day of trading, defying the rest of the bleak market.

Houston is probably feeling pretty good about rejecting …

Going into Dropbox’s IPO Friday, there were worries that the company’s valuation would be well below the $10 billion that private investors pegged it at a few years ago. But those concerns were quickly squashed. It now has a market cap of $11.03 billion.

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