How Dropbox got the domain name

How Dropbox got the domain name

Co-founder tells the engaging story on Tim Ferris’ podcast.

Dropbox co-founder Drew Houston explained the long journey to acquiring Photo courtey Dropbox.

Dropbox founder Drew Houston was on The Tim Ferriss Show recently and discussed how his business was able to get the domain name. It’s a long interview, but tune in around 1:12:25 to hear the story.

They started with but obviously wanted to drop the ‘get’. After getting brushed off by the domain owner many times, Houston and his co-founder drove to the guy’s house with a bottle of champagne.

The two explained why they were interested in the domain and that they had just gotten funding from Sequoia. Although he joked that they were “hemorrhaging leverage” by giving the full story, they decided that playing coy hadn’t gotten them anywhere so far.

That was a Friday night. They left excited about the potential of getting the domain. They drove back to his house on Monday, only to have him say ‘nope’.

Then Dropbox launched publicly and the domain owner started receiving emails from people who wanted to get in on the beta. He added Whois privacy and made one other change…he parked the domain with ads.

According to Houston, the ads were for all of their competitors.

So Houston looked into trademark law. He found out that you can’t just take a domain from someone because they aren’t using it. But now that the registrant was confusing visitors with ads for rivals, that created a legal issue.

Dropbox sued the domain owner.

That led to further discussions to sell the domain. Dropbox offered him cash or stock. He took $300,000 in cash.

Houston said that the stock would be worth “hundreds of millions” at today’s valuation. Dropbox is now a public company with a $10 billion market cap.

(Hat tip: Jeff Sass)

© 2018. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact copyright (at) Latest domain news at Domain Name Wire.



Write a comment