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

techcrunch.com

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

#61

Post by scruffyherder »

pentae wrote: post #8
lukeqsee wrote: post #3

Earlier quoted context omitted.

> for the Asia region. Depending on where you are in Asia, this is a hard one. I run a company with geo-distributed systems, and even having a few Asian-base servers it is still difficult to reach the whole region. You almost need to have datacenters in every country to make it work effectively. Not saying it's an excuse…it is $7B after all. That buys a few servers in many different regions. :) Edit: To continue my t…

Its strange, we have a solid fibre connection in Thailand and have ~20mbit upstream to Singapore. It's not like we are in a shack on a mountain in Peru on a dialup modem. Slack is the only service we use thats ridiculously slow for us and we use a lot of US based services.

I can deathmatch fine in Quake 2 on a US server. but slack? Yeah no.

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

#62

Post by scruffyherder »

tapoxi wrote: post #21
scruffyherder wrote: post #5

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.

Sometimes I'm surprised I can still send and receive email via SMTP.

Having lived through the hell that was x.400 I'm almost amazed there isn't a billed tier for businesses to go back to those dark days. Although I think we almost were there with exchange/Skype federation.

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

#63

Post by chrismeller »

akeck wrote: post #48

Hmmm. The story I keep hearing is companies switching from Slack to Teams, not because Teams is better, but because it's more or less integrated into O365 and has various compliance certs already. 7.1B seems a bit high when competing with MS.

Ugh. Have you tried using Teams? I’m forced to now and I want to kill cute, fuzzy woodland creatures every single day.

Simply integrating with 365 isn’t enough to justify its use for anyone who knows any better.

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

#65

Post by pcmaffey »

akeck wrote: post #48

Hmmm. The story I keep hearing is companies switching from Slack to Teams, not because Teams is better, but because it's more or less integrated into O365 and has various compliance certs already. 7.1B seems a bit high when competing with MS.

The potential for deep Github integration too.

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

#67

Post by ryandrake »

bumholio wrote: post #44

This is one of those recent tech success stories that just leave me scratching my head. I simply can't understand the value Slack is bringing and why would anyone pay for an absolutely metoo product. They are either deviously smart or the market is in full bubble mode.

After Facebook and Instagram I pretty much gave up and stopped trying to figure it out. Maybe I’m a dinosaur but I don’t get the appeal of most software products that have come out in the last decade. It seems the formula is simply:

1. Spend investor money faster than your competitors.

2. Don’t worry about the product quality, just make sure it has chat and that the chat is incompatible with the 200 other chat apps out there.

3. Load up on hype, marketing. And buzz/PR.

4. Once you have a critical mass of users, lock them in.

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

#68

Post by ryanmarsh »

debacle wrote: post #47
growtofill wrote: post #43

Earlier quoted context omitted.

Atlassian tried to beat them with Stride and failed.

HipChat, flowdock, yammer, etc.

I look at Slack and think, how hard can it be? Then I look at the graveyard of crappy competitors and think, ok maybe there's something special about Slack.

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

#69

Post by drb91 »

joelhaasnoot wrote: post #31
maxehmookau wrote: post #17

Still waiting for a native MacOS app that doesn't slow my machine down to a crawl and runs the fans whenever I made a video call. $7.1B folks. $7.1 billion.

And honestly, how hard can it be? Put a 5 man team on it and in a few months it'll be done and workable. Few million down the drain but your software is insanely more useable. I guess that doesn't sell the service...

No need! Everyone is already so happy with the electron version; why would they waste more money improving your experience?

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

#70

Post by drb91 »

pcmaffey wrote: post #65
akeck wrote: post #48

Hmmm. The story I keep hearing is companies switching from Slack to Teams, not because Teams is better, but because it's more or less integrated into O365 and has various compliance certs already. 7.1B seems a bit high when competing with MS.

The potential for deep Github integration too.

What does a deep integration between a chat app and a vcs provider mean?
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