2/24/2018 S-1 Table of Contents How we’ll get there The path to enlightened work starts with creating a better environment. More and more, the work we do every day happens on screens. We believe that these virtual spaces should be as thoughtfully designed as our most inspiring physical spaces. How will Dropbox make this happen? To start, teams need to have all their information in one place. It’s crazy that in 2018, it’s easier to search all of human knowledge than a company’s knowledge—at home we have one search box, but at work we have ten. We see a big opportunity to solve this problem by continuing to tie the world’s different tools and ecosystems together. We also need to design a calm environment that fosters flow. Our workspace should feel organized and surface only what’s relevant. It should tune out the chatter—more communication isn’t always better. The experience should be seamless. You shouldn’t have to use one app to write a doc and another to talk about it. Our newer products like Dropbox Paper are designed with these principles in mind. And over time, machine intelligence will allow Dropbox to better understand both you and your team. Imagine getting to work in the morning to find your calendar reorganized so you have a three­hour block of time to actually focus. Imagine starting your day and seeing the perfect to­do list—one based on a deep understanding of your priorities and your team’s priorities. We’re on our way For millions of people and businesses, Dropbox is already a living workspace—the place where people come together and their ideas come to life. These users entrust us with their most valuable information. We think this is a huge advantage that will serve as the foundation of our reimagined work experience. Dropbox is also operating at a scale that few companies have achieved. We have over 500 million registered users who store a billion gigabytes of their data on our platform. And we’ve made this cost­effective by building one of the largest, most efficient cloud infrastructures in the world. Along the way, we’ve written a new playbook for business software. Our millions of users are our best salespeople and have helped us acquire customers with incredible efficiency. As a result, we reached a billion dollar revenue run rate faster than any software­as­a­service company in history. 90 https://www.sec.gov/Archives/edgar/data/1467623/000119312518055809/d451946ds1.htm 98/235