Drew Houston Explained

Drew Houston
Birth Date:4 March 1983
Birth Place:Acton, Massachusetts, US
Education:Massachusetts Institute of Technology
Occupation:Businessman
Known For:Co-founder, CEO and 25% owner, Dropbox

Andrew W. Houston (; 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]

Early life

Houston was born in Acton, Massachusetts, in 1983.[3] 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.[4] 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.[5]

Career

Houston and Ferdowsi co-founded Dropbox in 2007. 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.[6] [7]

Accolades

Houston was named one of the "most promising players aged 30 and under" by Business Week,[8] and Dropbox has been touted as Y Combinator's most successful investment to date.[9] Houston was also named among the top 30 under-30 entrepreneurs by inc.com,[10] [11] and Dropbox has been called one of the 20 best startups of Silicon Valley.[12]

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

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]

Notes and References

  1. News: Forbes profile: Drew Houston . Forbes . 4 May 2019.
  2. Web site: S-1. www.sec.gov. February 25, 2018.
  3. Web site: The CNBC Next List: Drew Houston . October 6, 2014 . CNBC.
  4. Web site: Phi Delta Theta: Fraternity / Become The Greatest Version of Yourself™. Phi Delta Theta Fraternity. October 11, 2018.
  5. Web site: The rise of Dropbox CEO Drew Houston, who just made the Forbes 400 after taking his company public. Bernard. Zoë. October 4, 2018. Business Insider. 2020-02-03.
  6. Web site: Dropbox CEO Drew Houston joins Facebook's board of directors. Palmer. Annie. 2020-02-03. CNBC. en. 2020-02-03.
  7. Web site: Roettgers . Janko . Netflix CEO Reed Hastings Is Leaving Facebook's Board . Variety . en . 12 April 2019.
  8. Web site: Drew Houston . https://web.archive.org/web/20080421190747/http://images.businessweek.com/ss/08/04/0418_youngtech_entp/index_01.htm?chan=technology_special+report+--+best+young+entrepreneurs_best+young+entrepreneurs . dead . April 21, 2008 . April 15, 2010.
  9. Web site: Who Is In The New Billion Dollar Valuation Club?. techcrunch.com. June 17, 2011 . October 11, 2018.
  10. Web site: 30 Under 30 2011 - Honorees. inc.com. October 11, 2018.
  11. Web site: Drew Houston and Arash Ferdowsi, Founders of Dropbox - Inc.com. June 27, 2011. www.inc.com. October 11, 2018.
  12. Web site: Silicon Valley Startups . . April 15, 2010.
  13. Web site: How Texas attracts big businesses, billionaires from California. cnbc.com. February 18, 2022. Schoolov. Katie. March 20, 2021 .
  14. Web site: Our supporters. FWD.us. dead. https://web.archive.org/web/20130416045611/http://www.fwd.us/our_supporters. April 16, 2013. April 17, 2013.
  15. Web site: Hillary Clinton racks up business endorsements. Nelson. Louis. . June 23, 2016 .