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Andrew W. Houston (/ˈhaʊs.tən/; born March 4, 1983) is an American Internet entrepreneur best known as the co-founder and CEO of Dropbox, an online backup and storage service. According to Forbes, his net worth is about $2 billion .[1] Houston held 24.4% of voting power in Dropbox before the company filed for IPO in February 2018.[2] He has sat on the board of Meta Platforms since February 2020.[3]

Early life

Houston was born in Acton, Massachusetts, in 1983.[4] He attended Acton-Boxborough Regional High School in the 1990s. He later graduated with a degree in computer science from the Massachusetts Institute of Technology (MIT), where he was a member of the Phi Delta Theta fraternity.[5] It was there that he met Arash Ferdowsi who would later go on to be co-founder and CTO of Dropbox. During his time in college, Houston also co-founded a SAT prep company.[6]

Career

Houston and Ferdowsi co-founded Dropbox in 2007.[3] Houston currently is CEO and 25% owner of Dropbox.[1]

In February 2020, Houston joined the board of directors of Meta Platforms, replacing Netflix CEO Reed Hastings, who left in May 2019.[3][7]

In May 2026, it was announced that Houston will step down as CEO of Dropbox to become the company’s executive chairman.[8] He will serve as co-CEO with Ashraf Alkarmi for a period before transitioning to the new role.[8]

Reputation

In 2008, Houston was named one of the “most promising players aged 30 and under” by Business Week,[9] and Dropbox has been touted as Y Combinator‘s most successful investment to date.[10] Houston was also named among the top 30 under-30 entrepreneurs by Inc.,[11][12] and Dropbox has been called one of the 20 best startups of Silicon Valley.[13] In 2013, MIT invited Houston to serve as speaker at its annual commencement ceremonies.[14]

Personal life

Houston lives in Austin, Texas.[15] He is married and has one child.

In April 2013, a lobbying group called FWD.us (aimed at lobbying for immigration reform and improvements to education) was launched, with Houston listed as one of the founders.[16]

In 2016, he endorsed Hillary Clinton in the 2016 United States presidential election.[17]

References

  1. ^ a b “Forbes profile: Drew Houston”. Forbes. Retrieved May 4, 2019.
  2. ^ “S-1”. www.sec.gov. Retrieved February 25, 2018.
  3. ^ a b c Palmer, Annie (February 3, 2020). “Dropbox CEO Drew Houston joins Facebook’s board of directors”. CNBC. Retrieved February 3, 2020.
  4. ^ “The CNBC Next List: Drew Houston”. CNBC. October 6, 2014.
  5. ^ “Phi Delta Theta: Fraternity / Become The Greatest Version of Yourself™”. Phi Delta Theta Fraternity. Retrieved October 11, 2018.
  6. ^ Bernard, Zoë (October 4, 2018). “The rise of Dropbox CEO Drew Houston, who just made the Forbes 400 after taking his company public”. Business Insider. Retrieved February 3, 2020.
  7. ^ Roettgers, Janko (April 12, 2019). “Netflix CEO Reed Hastings Is Leaving Facebook’s Board”. Variety.
  8. ^ a b Vanian, Jonathan (May 26, 2026). “Dropbox CEO Drew Houston to step down after 19 years at helm of cloud storage pioneer”. CNBC. Retrieved May 26, 2026.
  9. ^ “Drew Houston”. Archived from the original on April 21, 2008. Retrieved April 15, 2010.
  10. ^ “Who Is In The New Billion Dollar Valuation Club?”. techcrunch.com. June 17, 2011. Retrieved October 11, 2018.
  11. ^ “30 Under 30 2011 – Honorees”. inc.com. Retrieved October 11, 2018.
  12. ^ Carter, Nicole (June 27, 2011). “Drew Houston and Arash Ferdowsi, Founders of Dropbox – Inc.com”. www.inc.com. Retrieved October 11, 2018.
  13. ^ “Silicon Valley Startups”. Business Insider. Retrieved April 15, 2010.
  14. ^ “Drew Houston commencement remarks”. June 7, 2013. Retrieved June 11, 2013.
  15. ^ Schoolov, Katie (March 20, 2021). “How Texas attracts big businesses, billionaires from California”. cnbc.com. Retrieved February 18, 2022.
  16. ^ “Our supporters”. FWD.us. Archived from the original on April 16, 2013. Retrieved April 17, 2013.
  17. ^ Nelson, Louis (June 23, 2016). “Hillary Clinton racks up business endorsements”. Politico.