Condoleezza Rice has joined Dropbox's board

Anti-Bush grunge band Pearl Jam is also now an investor in the online storage company. Could make for an interesting AGM.

by Rachel Savage
Last Updated: 10 Apr 2014

Condoleezza Rice and Pearl Jam are a pretty unusual pairing: George W Bush’s former secretary of state and an avowedly anti-Iraq war grunge band. Then again Silicon Valley companies don’t always play by the business rule book.

Condy will become the fourth board member of online file-sharing company Dropbox and will probably help the tech company navigate the scandal-infested waters of international expansion (its services are banned in China) and online privacy.

‘As a country, we are having a great national conversation and debate about exactly how to manage privacy concerns,’ Rice told Bloomberg Businessweek (yup privacy is totally ‘great’). ‘I look forward to helping Dropbox navigate it.’

Bizarrely, 90s rockers Pearl Jam have also invested in the company. The signed contract is ‘the most roundabout way to get an autograph from [frontman] Eddie Veder’, according to Dropbox founder and chief exec Drew Houston.

Seems the rock band have conveniently forgotten their man-slamming mantras to cash in on the tech boom. ‘We're still cleaning up the mess that they made all those years ago,’ Veder said of the Iraq invasion just last November. Apparently they also impaled a mask of GWB on stage once too, but hey art moves on, right?

Dropbox have been pretty busy recently, poaching former Googler and Motorola chief exec Dennis Woodside to be their chief operating office and lining up a huge $500m (£300m) credit facility this week following $350m equity fundraising earlier this year.

It also launched a photo-sharing service called Carousel and Dropbox for Business yesterday. However, Dropbox isn’t likely to list publicly until next year, according to the FT, despite being one of the tech companies investment banks are falling over themselves to woo onto the stock markets.

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