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Platform •Onramp for all UGC from desktopàweb •Convenient for users: drag and drop instead of sign-in and browser upload •Beneficial for web apps: more content uploaded, less friction & fewer failures •Bigger picture: all files in Dropbox, delegate access to web apps

Dropbox Valuation at IPO $12.6B - Page 15 Dropbox Valuation at IPO $12.6B Page 14 Page 16