(TCTV Exclusive) DropBox CEO Drew Houston Says The $250 Million “Is All Going Into The Company”

Today DropBox decided to officially announce its $250 million series B round (which actually closed in Sepetember and we called last summer, and filled in with follow up reports). I took a break from the Web 2.0 Summit to drop by the DropBox offices down the street in San Francisco to talk to CEO and founder Drew Houston about what may be the largest series B funding round ever. In the exclusive TCTV video interview above, I ask Houston about the round and what he plans to do with all that money. After all, he just raised more money than many companies do when they go public. How much did the founders and existing shareholders take off the table? "It's all going into the company," he tells me. "Nobody sold any stock."

Source: http://feedproxy.google.com/~r/Techcrunch/~3/tiZoj5QXIO0/

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