Zenefits makes more cuts; Twitter Selfies; Dropbox profitable*

Zenefits, the online HR platform that ousted its founding CEO recently as a part of a regulatory investigation regarding insurance sales (where the company makes its money), has announced more layoffs, an additional 9% of the company’s workforce, around 100 people. 250 were cut in February, as part of a revamp of sales and operations, following David Sacks — the former CEO of Yammer — assuming the helm as CEO. The company was valued at $4.5 billion in a raise of capital last year, and has disrupted the market for HR tools. Sacks has also jumped on the Zappos’ model of offering money for employees to leave in this reduction of force, he calls this ‘the Offer’. Sacks say he is making a new version of Zenefits: Z2. He spoke with William Alden of Buzzfeed, saying

The company isn’t making The Offer because we don’t want you. We do want you, but we want the best of you.


Twitter now allows self-retweeting, or what I want to call Twitter selfies:
Screen Shot 2016-06-15 at 10.38.00 AM


Dropbox CEO Drew Houston says that the company has achieved a milestone that investors will like: the company is free cash flow positive, meaning operating cash minus capital expenditures. This will set the stage for an easier IPO, which is anticipated.

New startup economics: Why Amazon (web services) and Dropbox need each other

The role of Amazon’s web services in revolutionizing the startup ecosystem is well illustrated by the spectacular rise of Dropbox, an online storage service. Their symbiotic relationship shows why Amazon has such a massive lead over rivals in the ever evolving business of cloud computing.

Startup ZenPayroll nets big seed funding to take on ADP

Company says payroll for small and medium companies is an area ripe for innovation. Current leaders ADP and Paychex are too pricey and many companies have yet to automate the process at all, says ZenPayroll CEO Joshua Reeves.

How big is Dropbox? Hint: very big

Dropbox is an online storage success story and if recent numbers are to believed, then it is headed for even greater glory. Competition from Google has not impacted their growth. And now mobile phone makers like HTC have already helped it become really big.

Tech startups need/don’t need MBAs? Discuss …

Is an advanced business degree from Harvard or MIT or Stanford something that tech startups really, really want? It didn’t seem so at last weekend’s Harvard Business School Cyberposium. Where do you sit in the on-again debate between the builders and the bean counters?

Rewind: 5 must see videos from RoadMap 2011

Last year at Roadmap we talked to folks such as Jack Dorsey, Matt Mullenweg, Drew Houston, Brian Chesky and others about how connectedness changes everything. Here are some videos to watch ahead of RoadMap 2012 which features the likes of Ev Williams and Kevin Systrom.

MIT’s 35 under 35 list covers tech from Dropbox to medical devices

Some of the names on this year’s Technology Review list of 35 innovators under 35 are SUNY Buffalo materials chemist Sarbajit Banerjee, Lookout Mobile Security’s John Hering, as well as some familiar folks like Dropbox’s Drew Houston and Pinterest’s Ben Silbermann.

Dropbox launches web viewer & easy link sharing

Dropbox is launching a new easy link sharing service, that allows you to share documents, photos and videos over the web, without having ta dropbox account. With Google rumored to be launching its online storage service soon, this is a nice counterpunch by Dropbox

Who will be the ‘Dropbox of the enterprise?’ The race is on

It seems like every cloud storage company really, really want to be the Dropbox of the enterprise when it grows up. It’ s easy to see why. Dropbox, which now claims 50 million users, is the sweetheart of the cloud storage, file-share-and-sync world.

Dropbox bought Cove to help it grow like Facebook

With more than 45 million users already connected to his company’s cloud storage service, Dropbox CEO Drew Houston knows he has an infrastructure challenge ahead of him. That, Houston says, is a big reason Dropbox bought Cove, which brings with it Facebook engineering cred.