Loom CEO Jan Senderek, on the news that Dropbox has acquired his company:
We know this is a big deal. This decision was made with great care. We have worked hard on our product and feel that our vision aligns perfectly with Dropbox’s vision for Carousel. Dropbox has invested the past seven years focusing on building a secure home for your files. And now with Carousel comes a home for your photos and videos as well. We share the common goal of crafting a high quality product, always putting users’ needs first. After spending some serious time investigating if this was the right move for us, we realized that Dropbox has solved many problems around scaling infrastructure and at Dropbox the Loom team will be able to focus entirely on building great features with a fantastic user experience. We are enthusiastic about being able to contribute our ground level perspective to help craft a beautiful experience for our users. And at the end of the day, that’s what matters most to us.
It always reads like bullshit when an investor says that a deal is a great fit. But I’m gonna say it anyway. From their shared Y Combinator DNA to a shared product vision with the just-launched Carousel, Dropbox and Loom seem perfectly aligned. It’s always a bit bittersweet to see a startup sell before fulfilling the original vision they pitched, but in this case, Dropbox really will help them achieve that vision so much faster.