The founders of Dropbox benefited from moving their company from Boston to San Francisco as it allowed them to be in a self-sustaining hub for talent. The San Francisco Bay area is known for its concentration of tech companies and venture capitalists, which could have provided Dropbox with better opportunities for networking, hiring, and funding. Additionally, many venture capitalists prefer to invest in local places where they can attend board meetings, which could have increased Dropbox's chances of securing investment. However, it's important to note that the necessity of being in a specific location has lessened with the rise of remote work.
The billion-dollar startup founder is shrouded in mystery and mythology, but don’t believe everythin...
View summary