Dropbox remained in sync, did not innovate, until everyone caught up.
Why didn’t Dropbox address privacy problems, like offering m end to end encryption until other providers are offering one by one (either by default or as an option in their APIs)? Or something like Apple keychain?
Instead they brought NSA people on board and changed their terms of service for worse.
How about tens of important features that AWS offers, like KMS or Google’s version?
How about Photos back up and sync solutions like Google photos or Amazon? Yeah, now they have a half baked.
How about more flexible pricing as with any other provider?
I can go on and on.
They stopped supporting encrypted Linux filesystems and became like one of the services they wanted to replace 15 years ago from my perspective.
The "narrative" is that Dropbox vs. Box is similar to Slack vs. Teams: didn't really "go enterprise". I'm not privy to the real reasons, though.
So idk as a Dropbox user it seems like they should've focused on what they do best (file sync/storage), expand market share that way, vs. diversify into half baked ancillary products. This was a few years ago when they had a stronger foothold and file storage wasn't completely commoditized. Hindsight is of course always 20/20 however.
Brutal competition, vs...
Just keeping the file on the disk and not sharing it
USB Thumb Drives
Emailing a file (lawyers and accountants say you should password protect a sensitive file and email)
Numerous ways to upload a file to a web site
Bittorrent
Box (comes with an enterprise sales force that leans in)
Google, Microsoft, Adobe, Apple and others
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The last two lines are the direct competition. Dropbox had some first mover advantage which could have become a durable lead thanks to network effects. They were boxed in from all sides though. Notably some competitors already had huge user bases and a dropbox-like product was a good complement for their other offerings.
Also, who says they failed? Its a great company to work for with high pay. Maybe they dont have an explosive market cap, but they went public to a big valuation. Seems like a success
It was OK if you only had one computer, and so DropBox was a pure backup system.
It wasn't always good if you had two computers and used DropBox as a syncronisation system. (I had cases where instead of adding new files to the second computer, it took those new files away from the first computer.)
I ended up making my own internet-facing file server.