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Slack S-1

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Re: Slack S-1

#11

Post by neom »

"Our revenue was $105.2 million, $220.5 million, and $400.6 million in fiscal years 2017, 2018, and 2019, respectively, representing annual growth of 110% and 82%, respectively.

Our growth is global with international revenue representing 34%, 34%, and 36% of total revenue in fiscal years 2017, 2018, and 2019, respectively.

We continue to invest in growing our business to capitalize on our market opportunity. As a result, we incurred net losses of $146.9 million, $140.1 million, and $138.9 million in fiscal years 2017, 2018, and 2019, respectively.

Our net losses have been decreasing as a percentage of revenue over time as revenue growth has outpaced the growth in operating expenses."

Nice work!

Re: Slack S-1

#12

Post by douglasfshearer »

Slack has a 5-year, $50M/year minimum commitment with AWS.

From the document:

> In April 2018, the Company executed an amendment to its existing agreement with Amazon Web Services (“AWS”). The amended agreement was effective as of May 1, 2018 and continues through July 31, 2023. The Company has minimum annual commitments of $50.0 million each year of the agreement term for a total minimum commitment of $250.0 million. As of January 31, 2019, the Company had a remaining minimum payment obligation of $212.5 million to AWS through July 31, 2023.

Re: Slack S-1

#13

Post by fratlas »

amrrs wrote: post #2

Lyft, Uber, Zoom, Beyond Meat and now, Slack Is there any benefit of Public at this point of time? or Just a trend to grab as much as Wallet share from the average investor?

I've been seeing a lot of calls about this incoming downturn (especially HN), does anyone have any articles/analysis they can point me to? Would love to read up on the state of it.

Re: Slack S-1

#14

Post by polote »

CSMastermind wrote: post #8
amrrs wrote: post #2

Lyft, Uber, Zoom, Beyond Meat and now, Slack Is there any benefit of Public at this point of time? or Just a trend to grab as much as Wallet share from the average investor?

The market is going to crash and everyone wants to cash out before it does.

But could also be the thing that will make the market crash nobody knows

Re: Slack S-1

#15

Post by andreilys »

amrrs wrote: post #2

Lyft, Uber, Zoom, Beyond Meat and now, Slack Is there any benefit of Public at this point of time? or Just a trend to grab as much as Wallet share from the average investor?

Reminds me of the IPO rush in 2000/2001.

Re: Slack S-1

#16

Post by sinatra »

Great product! Still don’t know why they don’t give the user the option of disabling threaded conversations for self or for entire organization. People have been asking for it for years. Ref: https://twitter.com/slackhq/status/822064778269102080?lang=e...

At least allow me as an individual user to see all messages sequentially without any threads. I am willing to do mental context switches. I prefer doing that to losing messages in old threads.

Re: Slack S-1

#17

Post by btown »

rwc wrote: post #10
cocochanel wrote: post #9

Earlier quoted context omitted.

> We have a history of net losses, we anticipate increasing operating expenses in the future, and we may not be able to achieve and, if achieved, maintain profitability. Well, that doesn't sound too good.

Obligatory “this is literally boilerplate language used in every S-1 filing” comment.

Obligatory “this may be boilerplate nowadays, but there is nothing traditional about unprofitable companies making public offerings” comment.

Edit: I stand corrected. https://www.wsj.com/articles/red-ink-floods-ipo-market-15383... provides historical context that this is not a new phenomenon, though it is more common than ever.

Re: Slack S-1

#19

Post by arkitaip »

jasongill wrote: post #4

Congratulations to the Slack team; a great product that has generally become better over time. Let's hope that going public doesn't change them too much (although things like the new logo debacle don't inspire confidence at times)

I think we're already seeing a backlash against the always multitasking, loss of focus culture that Slack has become the poster child for in the SASS space. Just like Facebook or Twitter, Slack is engineered for constant dopamine-fueled engagement, which quickly turns it into a bad and ultimately unproductive habit for companies that use it. I am already seeing competitors like Level use Slack as a warning example and I think this is just the start of Slack's problems.
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