Houston (/ ˈ h aʊ s. T ən /; born March 4, 1983) is an American Internet entrepreneur, and the co-founder and CEO of Dropbox, an online backup and storage service. According to Forbes, his net worth is about $2.2 billion. Houston held 24.4 percent voting power in Dropbox before filing for IPO in February 2018. Feb 27, 2012 Dropbox Sep 28, 2012 View all 27 acquisitions from this search When you upgrade to Crunchbase Pro, you can access unlimited search results, save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria.
|Born||October 7, 1985 (age 35)|
Overland Park, Kansas, US
|Net worth||US$1.1 billion (April 2018)|
Arash Ferdowsi (Persian: آرش فردوسی, born October 7, 1985) is an Iranian-American billionaire entrepreneur. He is the co-founder of Dropbox.
Early life and education
Ferdowsi was born in Overland Park, Kansas, US on 7 October 1985, the son of Iranian immigrants Gholam Ferdowsi (b. 1950) and Tahmineh 'Tammy' Faridazar (b. 1959). Ferdowsi's father, a mortgage broker, is a native of Tabriz in northwestern Iran. His parents settled in the US following the 1979 Iranian Revolution, then met and married in 1984 while students at the University of Central Missouri and the University of Missouri–Kansas City, respectively.
He attended Blue Valley Northwest High School, a public high school in Overland Park, graduating first in his class in 2004. Ferdowsi went on to study electrical engineering and computer science at the Massachusetts Institute of Technology (MIT), dropping out of his program in his last year to focus on his business.
Ferdowsi launched Dropbox in June 2007 with his business partner, Drew Houston, at Massachusetts Institute of Technology. In September 2007, Ferdowsi moved his company to San Francisco and raised venture capital from Sequoia Capital, Accel Partners, Y Combinator, and a handful of individual investors. In March 2018, Dropbox underwent an initial public offering, valuing the company at around US$9.2 billion.
From the company's establishment in June 2007 until October 2016, Ferdowsi served as the chief technology officer (CTO) of Dropbox. In 2020 he left the company.
Awards and highlights
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- Inc. Magazine named Ferdowsi to its 2011 '30 Under 30' top entrepreneurs list.
- Fortune Magazine named Ferdowsi to its 2011 '40 Under 40' list.
- TechCrunch awarded Ferdowsi a Crunchie for 'Founder Of The Year'.
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- ^'Dropbox Stock Pop Puts Kansas Native in Tech Billionaires Club'. Forbes. Retrieved 1 April 2018.CS1 maint: discouraged parameter (link)
- ^Arash Ferdowsi CrunchBase Profile. Crunchbase.com. Retrieved on 2012-07-14.
- ^'Blue Valley Northwest grad is a billionaire, thanks to the tech company he founded'. The Kansas City Star. 28 March 2018. Retrieved 3 April 2018.CS1 maint: discouraged parameter (link)
- ^'Meet the richest area native you've probably never heard of'. The Kansas City Star. 9 February 2013. Archived from the original on 8 March 2013. Retrieved 3 April 2018.CS1 maint: discouraged parameter (link)
- ^ abcCarter, Nicole (2011-06-27). 'Inc.com 30under30: Drew Houston and Arash Ferdowsi, Founders of Dropbox'. Inc.com. Mansueto Ventures. Retrieved 5 November 2011.CS1 maint: discouraged parameter (link)
- ^'Dropbox Priced at $21 a Share in I.P.O., Valuing Company at $9.2 Billion'. New York Times. 22 March 2018. Retrieved 6 April 2018.CS1 maint: discouraged parameter (link)
- ^'Dropbox appoints new CTO, Aditya Agarwal, takes over for cofounder Arash Ferdowsi'. Venture Beat. 13 October 2016. Retrieved 3 April 2018.CS1 maint: discouraged parameter (link)
- ^'Dropbox's Billionaire Co-Founder Arash Ferdowsi, Ex-MIT Student, Leaves Company'. Retrieved 12 April 2021.CS1 maint: discouraged parameter (link)
- ^'40 Under 40 - Drew Houston and Arash Ferdowsi'. money.cnn.com. Fortune. Retrieved 1 January 2012.CS1 maint: discouraged parameter (link)
- ^Constine, Josh (2014-02-11). 'Dropbox's Cloud Storage Kings Drew Houston And Arash Ferdowsi Win Founder Of The Year Crunchie'. TechCrunch. TechCrunch. Retrieved 22 February 2012.CS1 maint: discouraged parameter (link)