Personal blog of Yzmir Ramirez

 On March 24th, Box filed for its long-awaited IPO and went into the dreaded quiet period. It’s been over six months now since Box filed its S-1 form, signaling it would look for $250 million in its public offering. Prior to the announcement, Box was one of the hottest startups in technology, but after months of delay, with its IPO still sitting on the table, it is fair to wonder what… Read More

 After much ado and pomp, Box released its updated S-1 document yesterday, revamping some of its usage statistics, and detailing the results of its fiscal first quarter. The company posted revenue of $45.3 million in the period, up 93.6 percent year-over-year. Its net loss totaled $38.5 million in the quarter, up a slimmer 13 percent. Read More

Box CEO Aaron Levie is credited with bringing sexy back to enterprise startups, but the big surprise in Box’s S-1 IPO document filed today is that Levie only owns 5.7% percent of the company. Meanwhile, Draper Fisher Jurvetson owns 25.5 percent. The numbers reveal Levie sold off much of his startup to raise the $414 million that funded Box’s rise to become an enterprise brand name. Read More