Andreessen Horowitz and others send a big signal that web-based enterprise software startups are gaining clout with their latest investment.
Back in 2005, Aaron Levie and Dylan Smith were college dropouts with a collective $11,000 and a not-so-sexy startup idea for an online storage and collaboration service. Today, the entrepreneurial duo announced that their company, Box.net, has closed a whopping $48 million series D funding round.
The large investment is the latest sign MOREMichal Lev-Ram, writer - Feb 24, 2011 12:19 PM ET
With the rise of cloud and social, it's time for the IT department to change the way they work -- and become company heroes.
By Aaron Levie, contributor
On a daily basis, a select group of individuals are making technology decisions on behalf of their entire organization. They're implementing services to solve real business problems, sometimes under the guidance of their IT department, but most often on their own. For the MOREJan 16, 2011 9:41 AM ET
C-level positions don't get created overnight. So what is it about the cloud computing revolution that merits a seat in the executive suite?
The cloud: A once, well, hazy term that describes the increasingly vast array of software, applications, and data storage tools that live not on users' home PCs but on the Internet, is taking form. Cloud computing, as tech companies would have us understand it, encompasses all kinds of MOREShelley DuBois, writer-reporter - Dec 6, 2010 1:21 PM ET
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