It’s like
realizing that your pet duck just laid a golden egg. A similar kind or euphoria
is what box.net underwent when the humble start-up, started growing faster than
it expected, realizing that it now could bring on venture funding.
The Berkeley California
based file storage service Box.net
gloats that so many people have tuned into its service that it can now seek
investment to further its business. Mark Cuban owner of Dallas Mavericks had
invested $400,000 in Box.net, previously. And now Box.net founder Aaron Levie
has teamed up with venture capitalist firm Draper Fisher Jurvetson to make box.net $1.5 million bucks richer after
the A-round of funding.
Box.net recorded
over 150,000 new registrations. And the Box.net integration with Netvibes and
Goowy might have played a key role in achieving these numbers.
Box.net is
a virtual storage application that can be used to store your files. Box.net can
move files among multiple computers, backup important data, and share documents
with friends and colleagues.
The venture
capitalist firm for Box.net, Draper Fisher Jurvetson, which has a global
presence through a network of affiliated funds and offices in more than 30
cities around the world. Draper Fisher Jurvetson handles approximately $3.5 billion
in capital commitments through its collective clientele the world over.
There
is a lot of competition at the position where Box.net is currently at, not to
mention the potential competition too. But with the kind of money they have
already gathered in it goes without saying that Box.net is in safe hands and in
a good place.