What are some overvalued venture capital firms

Dropbox beats Wall Street estimates

Good Morning! While you were sleeping, work in the startup scene continued elsewhere.

The top topics:

Dropbox exceeds Wall Street estimates in the first earnings report since going public. The data storage company faced stubborn criticism that it was overrated. Now Dropbox came up with numbers: 11.5 million paying customers. Analysts assumed 11.1 million paying users. Revenue for the first quarter of fiscal year was $ 316.3 million, up 28 percent year over year. [More at Recode]

On Start-up scene you read today how Peter Grosskopf, CTO of the Berlin startup Solarisbank, wants to reconcile the traditional banking sector with the crypto world and why the technology will take off despite mistakes. [More atStart-up scene

And here are the other headlines of the night:

Klout, a startup that has measured how important you are on social media, will close until the end of the month. The website, which was founded in 2009, spread the news on the short message service Twitter. [More at Business Insider]

Apple invests ten million US dollars in a more environmentally friendly method of aluminum production and cooperates with the aluminum manufacturer for this endeavor Alcoa and the smelting technology companyRio Tinto. [More at FastCompany]

The social network Facebook starts asking some European users which news sources they know and which they trust. Previously, US users were asked similar questions. [More at Reuters]

Nintendo is looking for innovators who can develop new technologies for its popular switch console platform. The Japanese gaming giant is therefore cooperating with the San Francisco-based venture capital firm Scrum Ventures. [More at Geekwire]

Our reading tip on the start-up scene:Savedroid-Boss Yassin Hankir put down a PR stunt that took a huge toll. He pretended to have gone abroad with the money of his investors. The result: horror, shock and death threats. Now Hankir meets his investors for the first time after the unsuccessful campaign. What do they think of his fake exit scam? [More atStart-up scene]

Have a nice friday!

Your Gründerszene editorial team

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