Celebrity Profile Info Net Worth Height Weight Affairs Age Cars House

Celebrity Profile Info Net Worth Height Weight Affairs Age Cars House

Dropbox Is Going Public And Its CEO Is About To Cash In

Drew Houston is the CEO of cloud storage firm Dropbox. He’s about to turn into Silicon Valley’s latest hotshot when his firm goes public. Dropbox lately filed the S-1 paperwork for its lengthy awaited IPO. In the paperwork, it was revealed that Houston, who will flip 35 on March fourth, made $110 million in money and inventory in 2017.

Houston’s complete compensation package deal breaks right down to $400,000 in base wage and a money bonus of $260,000. The bulk of Houston’s wage got here from a restricted inventory grant. The 15.5 million share grant was valued at $109.6 million by Dropbox. That provides every share a worth of roughly $7.07. Houston stands to achieve quite a bit by holding onto the shares within the grant as they may vest within the subsequent 4 to 10 years, relying on when the corporate’s inventory hits sure costs.

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Houston might see among the money from that grant by subsequent 12 months. About three.1 million of Houston’s shares will vest after January 1st (as soon as the lock-up interval on insider promoting ends) if Dropbox’s shares hit $20. That can be roughly $62 million for Houston.

The highest share worth focused within the grant is $60 a share. If Houston hits that concentrate on – and hangs onto the entire shares he was given, that might quantity to $930 million. Houston additionally holds 127 million shares of Class B inventory along with the grant. Class B inventory presents extra voting energy than the Class A shares that can be offered to the general public. Class B shares had been valued at $7.01 every on the finish of final 12 months. That places them price $891 million.

Basically, Houston stands to achieve quite a bit by hanging onto these shares and maintaining Dropbox a scorching firm. The S-1 submitting reveals that whereas Dropbox’s annual efficiency has been enhancing, it’s nonetheless not a worthwhile firm. Dropbox misplaced $11 million on $1.1 billion in 2017.

Other excessive profile names that stand to win large within the Dropbox IPO embrace co-founder Arash Ferdowski, enterprise capital companies Sequoia Capital and Accel, the board of administrators – which incorporates former HP CEO Meg Whitman and former U.S. Secretary of State Condoleezza Rice.

Drew Houston has a internet price of $1.2 billion.

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