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Why one CEO thinks the market that Box and Dropbox created will be wiped out in 2 years

Discussion in 'General Business and Entrepreneurship' started by EF-Roger, Aug 5, 2015.

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  1. Aug 5, 2015 #1
    EF-Roger

    EF-Roger Member

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    Vineet Jain

    Box and Dropbox are the two poster children of the booming cloud file-sharing and storage space.

    Box is now worth $2 billion, and Dropbox most recently raised funding at a $10 billion valuation.

    But Vineet Jain, CEO of Egnyte, a competing hybrid cloud-storage vendor, believes their services will have a tough time moving forward.

    Why?

    Read more: Egnyte CEO thinks cloud-only storage business will disappear - Business Insider

    What do you think?
     

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