171–180 of 236 posts
Microsoft will counter with $12b. Makes sense to sit with Microsoft. The new culture at Microsoft will allow for the caring and feeding of Slack.
I don't have anything against Microsoft per se, but in my opinion, they ruined Skype.
"Of the so-called big-five tech companies in the US, Amazon is the only one without a messaging platform." https://chime.aws/
Earlier quoted context omitted.
If Amazon wanted to be evil they have a lot more to work with than just chat conversations...
"So what's one more thing"
Slack has 1.5 million users. Assuming average yearly revenue of $100 per user that's $150 million in gross revenue. A 9 billion valuation would mean 60X revenue!
If you compare it to Dropbox, their last valuation was $10 billion and their rev rate is supposed to hit $1 billion this year. So why are Dropbox and Slack valued similarly when Dropbox makes 7x the revenue? I get that growth rate impacts your multiple, but not to this extent.
I actually think Slack is a cool company and can have a sustainable business. However, what I'm missing is that a lot of valley companies have valuations that are completely outside their fundamentals (revenue, growth rate, margins, etc.). In this category of "great companies but overvalued" are Snapchat, Slack, Uber.
I would expect a 10-20x multiple on slack since they are high growth. So a valuation of 1.5 - 3 billion would make sense. What am I missing here?
Serious question..... but also more me fleshing out my thoughts on messaging apps.... What is the point in buying a messaging app? - instant messenger - ICQ - Skype - Yammer - WhatsApp They all seem to be popular for a short time and then fad away. What does owing one of these get a company? The case against owning them is that they all go out of favour and you only have a small window, say up to 5 years, where your…
Earlier quoted context omitted.
"The company reportedly has about 5 million daily active users, with 1.5 million of those paying for the service." * https://slack.com/pricing At least 10 million a month, I assume? Edit: "Slack has 5 million daily active users -- 1.5 million of whom pay to use the service -- and had $150 million in annual recurring revenue as of Jan. 31." from https://www.bloomberg.com/news/articles/2017-06-15/messaging...
Interesting that they derive $100 per paid user per month. I The Enterprise level pricing must be 6-10x the top team level.
Earlier quoted context omitted.
> Few organizations care. And those that do get left in the dust by organizations that don't. Are you saying that organizations that care to keep secrets get left behind by those that don't? That sounds kind of ridiculous.
We live in interesting times. Organizations that refuse to use Slack are at a disadvantage. When employees show up and realize there's no Slack, they start to analyze all other company decisions. How much effort could be saved just by using Slack? Those secrets had better be important to justify this loss. There are alternatives. Rocket Chat is self-hosted, and maybe it's sufficient. But second-place software will al…
I would think Discord was a better fit for Amazon. 1. Great fit with twitch. 2. Seems like it could be "forked internally" and reskinned to compete with slack in the business space too.
Discord is the better app at this point. Even for business use. But Slack from an acquisition POV must be different. They have revenue, traction, and that all important paying subscriber base. It's like everyone has always said. Slack is just a chat app. It's not about the app, but rather, what they achieved with it. I love discord so much part of me wants Amazon to buy Slack just so it would kill it (or MS or Verizo…
Earlier quoted context omitted.
We live in interesting times. Organizations that refuse to use Slack are at a disadvantage. When employees show up and realize there's no Slack, they start to analyze all other company decisions. How much effort could be saved just by using Slack? Those secrets had better be important to justify this loss. There are alternatives. Rocket Chat is self-hosted, and maybe it's sufficient. But second-place software will al…
I consider Slack a negative signal. I would be more likely to want to work at a company that just ran IRC.
Serious question..... but also more me fleshing out my thoughts on messaging apps.... What is the point in buying a messaging app? - instant messenger - ICQ - Skype - Yammer - WhatsApp They all seem to be popular for a short time and then fad away. What does owing one of these get a company? The case against owning them is that they all go out of favour and you only have a small window, say up to 5 years, where your…
WhatsApp didn't fade at all. They have 1.2 billion monthly active users and climbing. Their "stories" feature got 177 million daily active users in just 10 weeks. For comparison, Snapchat is only at 166 million DAU as of Q1 this year.