Successful Entrepreneur

In: Business and Management

Submitted By sgohzy
Words 2506
Pages 11
1. INTRODUCTION

A. Purpose
The purpose of this report would be to gain insight regarding a successful entrepreneur’s journey in creating their own businesses as well as the attributes that led them to success. The entrepreneur that I have chosen is Drew Houston, the founder of Dropbox. Also, this report would include my reflections on how the research has helped me develop my entrepreneurial abilities and aspirations. B. Background of Dropbox
Dropbox (Appendix 1) is a file hosting service founded by Drew Houston and Arash Ferdowsi (Appendix 2) in 2007. The main function of Dropbox is to allow users to synchronize their documents to the cloud using a special folder on their computers. As a result, users would be able to view their documents on any device in real time, syncing changes immediately. Currently, Dropbox is used by 400 million people and 150,000 businesses worldwide (Appendix 3). Dropbox is proven to be a success as it is one of the best cloud storage companies alongside Google Drive and Apple iCloud (Appendix 4) C. Methods of Investigation
Methodology used includes secondary research. Reference was made to Dropbox’s website. Additional information was obtained from video interview of Drew as well as articles written about him. D. Scope
Besides an overview of Drew Houston, this report looks into the challenges faced by Drew, his views on the attributes that make a successful entrepreneur as well as the keys to entrepreneurial success. In addition, it would include the advice given by Drew to young aspiring entrepreneurs. 2. FINDINGS

A. Background of Drew Houston
Drew Houston is an internet entrepreneur and has a net worth of US$1.3 billion. Previously, he studied in Massachusetts Institute of Technology (MIT) and graduated in 2005. This was where he met his co-founder, Arash Ferdowsi. The idea of Dropbox came about when…...

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