Wall Street moved quickly to download Dropbox's (DBX) stock into their accounts on Friday. 

Shares of the data storage firm popped more than 40% on Friday as it debuted on the Nasdaq. They finished the session up 35%, coming off the highs at the hands of a nasty selloff into the close. With 500 million plus users, a good revenue growth story to tell and a lack of tech IPOs of late it's no surprise Dropbox was welcomed.

Dropbox chief operating officer Dennis Woodside tells TheStreet the company's growth prospects are solid, despite tough competition from Action Alerts Plus holdings Amazon (AMZN) and Alphabet (GOOGL) .

Here are the top takeaways. You can watch the full interview below.  

On Whether It's a Good Time to Be Public

"We are going to find out. We are excited about going from private to public, all of the companies we admire and have made a big difference in tech are all public companies. I think companies like Google, Netflix (NFLX) and Amazon show that you can invest for the long haul, continue to innovate and deliver for your customers regardless if you are public or not." 

On Why People Should Buy Dropbox's Stock

"For us, what we are excited about is just the massive opportunity we have to scale the business. We have 500 million registered users around the world, those users have brought us into millions of businesses and we really solve a problem that many businesses and teams have, which is how do you collaborate around my most important content."

On How to Get Users to Trade Up to Paying for Dropbox

"There are a couple things we have been doing over time. One is creating more features and functions in Dropbox that solve more problems for our users. We launched a feature called SmartSync about a year ago that allows you to sync an unlimited amount of information to your Dropbox. It's really useful if you are using an Apple (AAPL) MacBook Air with a limited hard drive and you are traveling around and you need access to all the files back at the office.

Those are functions and features that people find highly valuable and are willing to pay for."

On the Decision to Go With a Controversial Dual Class Voting Structure

"A lot of tech companies have a dual class structure. I think in our case Drew [Houston] and Arash [Ferdowsi] founded the company and have a very long-term vision on what they are trying to do and achieve. It made sense to keep that structure."

When asked if they could change the structure at some point:

"We really don't think we will change it. For us, we have a really strong board, people like Don Blair from Nike NKE  [former chief financial officer] and Meg Whitman from EBay EBAY and HP HP [former CEO]. They are really watching out for shareholders. We look at the dual class structure as something that enables us to stay focused on a long-term vision."

On What Dropbox Has Learned From the Big Names on Its Board

Meg Whitman: "Just her perspective on everything from marketing, to sales to how do you compete in a very competitive technology market. She has also seen a company from a startup to a multi-billion dollar business."

Former U.S. Secretary of State Condeleezza Rice: "It's just her broader perspective on what has been going on in the world and what our place is in it." 

Former Qualcomm QCOM executive chairman and CEO Paul Jacobs: "Paul is someone at the heart of Qualcomm, super technical company. We are a super technical company, a lot of engineering and product -centric and he provides a lot of value there."

On Data Protection and Facebook

"With respect to Facebook FB , I know Sheryl Sandberg [chief operating officer] and Mark Zuckerberg [founder] take the issues they are facing very seriously. For us, it's a very different situation. We make our money by users paying us, we are not an advertising business. We don't use information as some other companies do. We encrypt all our date at rest, meaning where it's stored and in transit. We publish a privacy report with respect to any inquiries we get. 

At the end of the day, one of our core values is to be worthy of trust. Your are putting your most important information into Dropbox and we have to be worthy of that trust and have to earn it every day."

On Competing in Storage With Amazon and Google

"When Drew and Arash started the company and it just took off, they realized the big guys are going to do what they do which is bundle an often inferior product with their other products and make it cheap or free. That has been happening since 2011. Since then, we have added $1 billion in revenue, so obviously we are doing something right.

Our view is that you focus on a problem, and you solve that problem really well. It's really hard to sync large files across different ecosystems reliably well every single time, and our users realize that so they know we are the standard."