Dropbox founder Drew Houston’s response to investors who told him online storage was a commodity
A brief YouTube transcript excerpt in which Dropbox founder Drew Houston recounts investor skepticism that online storage was a commodity and compares it to startup fads (e.g., Bitcoin). He acknowledges the investors' points (competition from Google, unclear monetization, lack of users) but argues that absence of usage by existing services indicated opportunity—investors didn't use competing products even if many existed.
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