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Aaron Levie, a 26-year-old CEO, is much more excited about business software than consumer products such as social networking services.
Box.net was founded in 2005 as a college business project by Aaron Levie (CEO) and Dylan Smith (CFO). It was incorporated in April of that year. Originally based in Mercer Island, Washington, Box.net moved to Palo Alto, California, in the summer of 2006.
About three years in, he looked at the company and saw a split between consumers and business users. He realized he would have to choose one or the other, and banked on enterprises. It turned out to be the right move: Box.net has made the turn from being used by individuals and small departments to selling directly to enterprises, and is winning contracts away from giants like Microsoft. Aaron led Box.net just got an 18,000-seat deal with Procter & Gamble.
In October 2009, Box.net acquired Increo Solutions, the developer of collaborative online document and media viewing tools Backboard and Embedit.in. As a result of this acquisition, Box.net launched two new features in January 2010: an integrated content viewer and the ability to embed these files anywhere on the web.
In fact, the company's customers are growing so fast that Box recently filed for a new $35 million round—just months after closing a $48 million round in February. The company is on track to have more than $100 million in funding at a $500 million valuation. It's also overflowing its current headquarters with more than 240 employees, and is planning to move into a new space early next year.
About Box.net : Box.net is an online content management and file storage business. The company has adopted a freemium business model, and provides 5GB of free storage for personal accounts. A mobile version of the service is available for Android, iPhone, iPad and WebOS devices. Box.net's competitors include Dropbox, Huddle.com, Egnyte, TitanFile, Sharepoint and Sugarsync.
Box.net was founded in 2005 as a college business project by Aaron Levie (CEO) and Dylan Smith (CFO). It was incorporated in April of that year. Originally based in Mercer Island, Washington, Box.net moved to Palo Alto, California, in the summer of 2006.
About three years in, he looked at the company and saw a split between consumers and business users. He realized he would have to choose one or the other, and banked on enterprises. It turned out to be the right move: Box.net has made the turn from being used by individuals and small departments to selling directly to enterprises, and is winning contracts away from giants like Microsoft. Aaron led Box.net just got an 18,000-seat deal with Procter & Gamble.
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| Aaron Levie |
In October 2009, Box.net acquired Increo Solutions, the developer of collaborative online document and media viewing tools Backboard and Embedit.in. As a result of this acquisition, Box.net launched two new features in January 2010: an integrated content viewer and the ability to embed these files anywhere on the web.
In fact, the company's customers are growing so fast that Box recently filed for a new $35 million round—just months after closing a $48 million round in February. The company is on track to have more than $100 million in funding at a $500 million valuation. It's also overflowing its current headquarters with more than 240 employees, and is planning to move into a new space early next year.
About Box.net : Box.net is an online content management and file storage business. The company has adopted a freemium business model, and provides 5GB of free storage for personal accounts. A mobile version of the service is available for Android, iPhone, iPad and WebOS devices. Box.net's competitors include Dropbox, Huddle.com, Egnyte, TitanFile, Sharepoint and Sugarsync.
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