Live data from Hacker News

Slack confirms it has raised $427M at a post-money valuation of over $7B

techcrunch.com

21–30 of 208 posts

Re: Slack confirms it has raised $427M at a post-money valuation of over $7B

#21

Clearly not enough money for that IRC bridge...

They onboarded the early adopters onto their platform with a promise of openness, got them to switch their company, and now that they're locked-in it's time to tell those early adopters to eat shit.

It's deceitful, but its standard operating procedure for SaaS and we've seen it before with Twitter.

I wouldn't be surprised if IMAP is deprecated from GMail in a few years.

Re: Slack confirms it has raised $427M at a post-money valuation of over $7B

#22
post #14

What is the good alternative to Slack now? Cheaper / OS / self-hosted etc?

There's Matrix and Riot. it's still a bit rough on the edges but overall it's very cool projects.

He asked about slack, not Whatsapp. ;)

Re: Slack confirms it has raised $427M at a post-money valuation of over $7B

#24

That's a crazy evaluation, is that company really worth 7.1Instagrams? It really is a nice product, but it feels like a 'First-To-Market' success story. Especially since it's built on top of electron, which I'm still trying to accept as a real platform for application development, and not the '3d printer' of the software world. I hope they don't use this money to feature-swamp the app, and instead focus inward on per…

Instagram at the time they sold, Instagram today would be worth billions more than that.

Re: Slack confirms it has raised $427M at a post-money valuation of over $7B

#27

How come Slack is worth $7.1B? I can't imagine they produce that much value or have a high enough revenue to warrant this valuation.

Have you been living in a cave for the last decade? This is modern business, whatever is hot and gets a lot of users, gets a ridiculously unrealistically high valuation. Also, you never need to be profitable, as long us ure hot you can just keep doing more rounds of funding.

Re: Slack confirms it has raised $427M at a post-money valuation of over $7B

#28

Has anyone considered using Discord instead of Slack? They seem very similar.

I use Discord in place of Slack for hobby/non-professional projects.

The problem with Discord tbh is I've found it to be less reliable than Slack in terms of uptime/push notifications. It also has fewer devop functions prebuilt which means building them out.

Not a big deal if you are a hobbyist, is a big deal if you are paying people $100+/hr to do it.

Re: Slack confirms it has raised $427M at a post-money valuation of over $7B

#29

That's a crazy evaluation, is that company really worth 7.1Instagrams? It really is a nice product, but it feels like a 'First-To-Market' success story. Especially since it's built on top of electron, which I'm still trying to accept as a real platform for application development, and not the '3d printer' of the software world. I hope they don't use this money to feature-swamp the app, and instead focus inward on per…

Instagram is worth more than $100B: https://www.bloomberg.com/news/articles/2018-06-25/value-of-...

Re: Slack confirms it has raised $427M at a post-money valuation of over $7B

#30

That's a crazy evaluation, is that company really worth 7.1Instagrams? It really is a nice product, but it feels like a 'First-To-Market' success story. Especially since it's built on top of electron, which I'm still trying to accept as a real platform for application development, and not the '3d printer' of the software world. I hope they don't use this money to feature-swamp the app, and instead focus inward on per…

> and instead focus inward on performance and migrating to a more stable platform

Very unlikely , I'm not aware of Slack being an Innovation Driven company. I've seen nothing from them in the Open Source World.

Post reply on HN