Dropbox

Their application to Y Combinator during summer of 2007 is an excellent example and a model for companies looking for seed stage funding. The recent discussion of this on Hacker News explores and analyses this. The comment from pg (Paul Graham) being

What happens when I read this:File syncing. Superset of backups, which people will pay for. Good. Single founder. Bad. But at least he’s looking for more people. Went to MIT, 1600 SAT. Probably fairly smart. Wrote a poker bot. Now I’m starting to get interested; has the right attitude. Description of the software sounds plausible but generic. Maybe it’s good, but who can tell. But little sister uses it; that’s impressive. Scroll down to what he understands that competitors don’t get. Wow: very concise and unequivocal. I’m now basically sold. Scroll through the rest. No red flags. Did not make the usual joke single founders make when asked how long the founders have known one another. Good answer to what might go wrong. A-. (Would be an A with a cofounder.)

I went back and looked at this application in our system, and I did in fact give it an A-. An A- means “I want to interview.” An A means “I want to interview, even if Rtm and Trevor don’t.” I only gave 2 As in s2007. (We funded both those companies, and both did badly.)

The description of the company in a few sentences is the best part.

Dropbox synchronizes files across your/your team’s computers. It’s much better than uploading or email, because it’s automatic, integrated into Windows, and fits into the way you already work. There’s also a web interface, and the files are securely backed up to Amazon S3. Dropbox is kind of like taking the best elements of subversion, trac and rsync and making them “just work” for the average individual or team. Hackers have access to these tools, but normal people don’t.

There are lots of interesting possible features. One is syncing Google Docs/Spreadsheets (or other office web apps) to local .doc and .xls files for offline access, which would be strategically important as few web apps deal with the offline problem.

Drew’s profile and his alternate ideas add stars to the application.

One click screen sharing (already done pretty well by Glance); a wiki with version-controlled drawing canvases that let you draw diagrams or mock up UIs (Thinkature is kind of related, but this is more text with canvases interspersed than a shared whiteboard) to help teams get on the same page and spec things out better (we use Visio and Powerpoint at Bit9, which sucks)

Overall, its great to have such quality document as a reference and example for startups aiming for the skies.

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