Drew Houston

Short description: Co-founder of Dropbox

Drew Houston

An American billionaire businessman and the co-founder and CEO of Dropbox

Born|  (1983-03-04) March 4, 1983 (age 41)

Acton, Massachusetts, US

Education| Massachusetts Institute of Technology
Occupation| Businessman
Known for| Co-founder and 25% owner, Dropbox
Title| CEO, Dropbox

Andrew W. Houston (/ˈhaʊs.tən/; born March 4, 1983) is an American Internet entrepreneur, and the co-founder and CEO of Dropbox, an online backup and storage service. According to Forbes , his net worth is about $2.2 billion.[1] Houston held 24.4 percent voting power in Dropbox before filing for IPO in February 2018.[2]

## Contents

* 1 Early life
* 2 Career
* 3 Accolades
* 4 Personal life
* 5 References

## Early life

Houston was born in Acton, Massachusetts in 1983. He attended Acton-Boxborough Regional High School in the 1990s. He later graduated with a degree in Computer Science from the Massachusetts Institute of Technology (MIT), where he was a member of the Phi Delta Theta fraternity.[3] It was there that he met Arash Ferdowsi who would later go on to be co-founder and CTO of Dropbox.

During his time in college, Houston co-founded a SAT prep company.[4]

## Career

Houston and Ferdowsi co-founded Dropbox in 2007.[5] Houston currently is CEO and 25% owner of Dropbox.[1]

In February 2020, Houston joined the board of directors of Facebook, replacing Netflix CEO Reed Hastings, who left in May 2019.[5][6]

## Accolades

Houston was named one of the "most promising players aged 30 and under" by Business Week,[7] and Dropbox has been touted as Y Combinator's most successful investment to date.[8] Houston was also named among the top 30 under-30 entrepreneurs by inc.com,[9][10] and Dropbox has been called one of the 20 best startups of Silicon Valley.[11]

In June 2013, MIT invited Houston to serve as speaker at its annual commencement ceremonies. In his remarks, Houston gave this advice:

> They say that you're the average of the five people you spend the most time with. Think about that for a minute: who would be in your circle of five? I have some good news: MIT is one of the best places in the world to start building that circle. If I hadn't come here, I wouldn't have met Adam (Smith, co-founder of Xobni), I wouldn't have met my amazing cofounder, Arash, and there would be no Dropbox. One thing I've learned is surrounding yourself with inspiring people is now just as important as being talented or working hard. Can you imagine if Michael Jordan hadn’t been in the NBA, if his circle of five had been a bunch of guys in Italy? Your circle pushes you to be better, just as Adam pushed me.

> --Drew Houston, June 7, 2013[12]

## Personal life

Houston lives in Austin, Texas .[13]

In April 2013, a lobbying group called FWD.us (aimed at lobbying for immigration reform and improvements to education) was launched, with Houston listed as one of the founders.[14]

In 2016, he endorsed Hillary Clinton in the 2016 United States presidential election.[15]

## References

1. ↑ 1.0 1.1 "Forbes profile: Drew Houston". Forbes. https://www.forbes.com/profile/drew-houston/.
2. ↑ "S-1". https://www.sec.gov/Archives/edgar/data/1467623/000119312518055809/d451946ds1.htm#toc.
3. ↑ "Phi Delta Theta: Fraternity / Become The Greatest Version of Yourself™". http://www.phideltatheta.org/index.php?option=com_content&task=view&id=1642.
4. ↑ Bernard, Zoë (October 4, 2018). "The rise of Dropbox CEO Drew Houston, who just made the Forbes 400 after taking his company public". https://www.businessinsider.com/how-drew-houston-created-dropbox-2018-1.
5. ↑ 5.0 5.1 Palmer, Annie (2020-02-03). "Dropbox CEO Drew Houston joins Facebook's board of directors" (in en). https://www.cnbc.com/2020/02/03/dropbox-ceo-drew-houston-joins-facebooks-board-of-directors.html.
6. ↑ Roettgers, Janko (12 April 2019). "Netflix CEO Reed Hastings Is Leaving Facebook's Board" (in en). https://variety.com/2019/digital/news/reed-hastings-facebook-board-1203188563/.
7. ↑ "Drew Houston". http://images.businessweek.com/ss/08/04/0418_youngtech_entp/index_01.htm?chan=technology_special+report+--+best+young+entrepreneurs_best+young+entrepreneurs.
8. ↑ "Who Is In The New Billion Dollar Valuation Club?". June 17, 2011. https://techcrunch.com/2011/06/17/billion-dollar-valuatio-club/.
9. ↑ "30 Under 30 2011 - Honorees". http://www.inc.com/30under30/2011/honorees.html.
10. ↑ "Drew Houston and Arash Ferdowsi, Founders of Dropbox - Inc.com". June 27, 2011. http://www.inc.com/30under30/2011/profile-drew-houston-and-arash-ferdowsi-founders-dropbox.html.
11. ↑ "Silicon Valley Startups". http://www.businessinsider.com/hot-silicon-valley-startups-2010-3#dropbox-is-a-tool-that-helps-you-sync-your-files-across-all-the-computers-and-other-devices-2.
12. ↑ "Drew Houston commencement remarks". June 7, 2013. http://web.mit.edu/newsoffice/2013/commencement-address-houston-0607.html.
13. ↑ Schoolov, Katie (March 20, 2021). "How Texas attracts big businesses, billionaires from California". cnbc.com. https://www.cnbc.com/2021/03/20/how-texas-attracts-big-businesses-billionaires-from-california.html.
14. ↑ "Our supporters". FWD.us. http://fwd.us/our_supporters.
15. ↑ Nelson, Louis (June 23, 2016). "Hillary Clinton racks up business endorsements". http://www.politico.com/story/2016/06/business-leaders-endorse-hillary-clinton-224706.

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