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Dropbox Inc. followed the Internet start-up playbook to a tee last year.
The online file-sharing company became a hot property in Silicon Valley and snagged a $250 million in venture capital at a $4 billion valuation. It even secured celebrity investments from U2’s Bono and his bandmate, The Edge.
Now comes the hard part: Living up to the hype.
At that valuation, five-year-old Dropbox is worth as much as companies with multi-billions in revenue, such as Cablevision Systems Corp. and Expedia Inc.
Through little more than word-of-mouth the company has racked up more than 50 million customers.