Dropbox May Not Be LeBron James, but It Is Still in the Game - The New York Times

A Dropbox reality check

"So what’s really going on at Dropbox? Is it thriving or dying?

Neither one, yet. When you look inside the company, you find something that defies Silicon Valley’s typical straight-up or straight-down narrative: a complicated story of incremental and potentially accelerating success, but one clouded by outsize dreams of yesteryear.

It’s a fate that other Silicon Valley start-ups may be facing, especially with the dip in public and private markets for funding tech ventures. Dropbox’s problems have less to do with the strength of its current business than with a delay, so far, in realizing the towering expectations that once surrounded the company. The start-up is like the college basketball star who manages to turn pro but is still regarded with doubt because everyone has now realized he might never be the next LeBron James. What happens to a company once thought to be worth $10 billion when it turns out to be worth only $5 billion, or $2 billion?"

Dropbox May Not Be LeBron James, but It Is Still in the Game - The New York Times