The world's rapidly growing Internet raises a variety of consequences. Such as the need to store and share important data capacity is quite large. Online storage services becomes an alternative even with the passage of time, online storage capacity is large and safe, has become a necessity.
These opportunities are captured Aaron
Levie and Dylan Smith as his partner founded box.net, file storage and sharing
services in cyberspace.
Levie and Smith had become friends when
they become students at Mercer Island High School near Seattle United States.
The two became close after both made short films 75 minutes assigned to the
school. After graduate from school, they split up. Levie attended the University of
Southern California and Smith studied at Duke University.
When the task lectures, Levie learn about
online data storage market. He then found that the majority of online data
storage companies failed in the dot com because it set the price too high.
Leview then have ID to try to work in the
field of online data storage. Especially when there was not a simple service
that can provide storage features and upload the data online. He then contacted
Smith, who is also interested. Smith's parents are lawyers also support and are
willing to assist law-related matters. February 2005, Levie and Smith began to
run the Box.net from Levie's dorm room. Their use as initial capital of U.S. $
11,000 obtained from Smith's poker game internet.
Their competitors when it is Stramload,
which is now known as MediaMax, and Xdrive, which is belong to AOL now. To differentiate
with competitors, Box.net implement tactics by Levie called 'giving more for
less money'. How, they offer a price of U.S. $ 2.99 per month for 1 Gigabyte of
storage capacity. A year later, when the customer needs have grown, Gigabyte
Box.net service for free, hoping customers will sign up for a larger capacity.
Levie and Smith initially run the
business on the sidelines of the course. Even Levie often have to answer
through his Blackberry while in class to questions related to technical support
box.net
In the summer, both trying to find
additional capital. They are trying to approach Paul Allen, co-citizens of
Mercer Island is one of the founders of Microsoft. But their proposal is
rejected.
Levie and Smith went back to school. On
September 2005 they sent a press release about Box.net to millionaire Mark Cuban, a
leading blogger and entrepreneur who is now the owner of the Dallas Mavericks
basketball club. Levie and Smith really just wish they were published by the
Cuban business. Unpredictably, Cuban actually interested in the prospect that
they develop. And after communicating via email, Cuban agreed to provide
capital of U.S. $ 350,000. The funds were used to upgrade servers in addition
to promotion. "Most of the funds were still sitting in the bank until the
next few months", the story Levie.
Levie and Smith then hook the two
partners during high school on Mercer Island High as the staff, namely Jeffrey
Queisser and Sam Ghods. Since then Levie position itself as the Chief Executive
Officer (CEO) while Smith as Chief Financial Officer (CFO).
In July 2006, Box get more capital
through Draper Fisher Jurvetson of U.S. $ 1.5 million. Additional capital to
make them more eager to give comfort to the user. Especially the effectiveness
of the offer, because the user does not need special software to download.
Box.net so increasingly recognized, both
Levie and Smith do a variety of promotional efforts, whether through a number
of online forums and advertise using Google Adwords. They also offer free
accounts to any review.
They also hired a team of development of Russia and a
programmer from California to add new features include file for the application
of various social networking sites. They also make an important decision to
move their main offices from Mercer Island to the Palo Alto California.
As a young entrepreneur, they also continued
to hone skills. They regularly read Business Week and take the time to have
discussions with various parties.
That's all for today. Entrepreneur Success Stories will back tomorrow as the only blog that examine of Successful Entrepreneur entrepreneurial career. We update daily so don't miss to read Entrepreneur Sucess Stories to get motivated and inspired everyday.
+ komentar + 6 komentar
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