Dropbox CEO Drew Houston Recalls Bank Account Going From $60 to $1.2 Million

| by Michael Allen
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Drew Houston, CEO and creator of the online storage site Dropbox, recently gave an unusual commencement speech at his alma mater MIT.

Houston showed the new grads a screenshot of his company bank account in 2007 when it went from $60 to $1.2 million.

At 24 years old he had just received an $1.2 million funding check from Sequoia Capital, reports the Daily Mail.

"For a 24 year old, this is Christmas and opening your present is hitting refresh over and over on and watching your company's checking account go from $60 dollars to $1.2 million dollars," Houston said. "At first, I was ecstatic, that number has two commas in it! I took a screenshot, but then I was sick to my stomach: 'Someday these guys are going to want this back. What the hell have I gotten myself into?'"

Houston also encouraged students to network with their fellow grads.

"They say that you're the average of the five people you spend the most time with," Houston said. "Think about that for a minute. Who would be in your circle of five? I have some good news. MIT is one of the best places in the world to start building that circle. If I hadn't come here, I wouldn't have met Adam, I wouldn't have met my amazing co-founder, Arash, and there would be no Dropbox."

Houston said he came up with the idea for Dropbox after repeatedly losing his USB flash pin while he was a student at MIT.

Now 30 years old, he is estimated to be worth $400 million.

Source: Daily Mail