Slack is overrated and over priced. Its not like messenger platforms are difficult. We have had msn messneger, yahoo messenger, whatsapp, rocketchat, facebook messneger, messenger, gchat, skype. Slack doesn't do anything particularly special.
Slack’s Shares Plunge After It Predicts a Larger Loss
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Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#32I just wish they had not acquired Screen Hero. That was a beautiful standalone product that I wish I could still use.
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#33I'm surprised investors aren't more scared of the competition, particularly Microsoft and its Teams product that is part of Office 365. Maybe it's not a huge deal because the overlap of Slack customers and Office 365 customers isn't that big?
Have you used Teams? I've had to once, to talk to people and Microsoft, and it was _hilariously_ bad. I don't know anyone who uses it in earnest, and I know people who have used Google Chat.
(I do most of the sales calls for Latacora, which feels like a decent representative sample of startups, and I think all but one, maybe two, of the companies we have ever spoken with used Slack. Order of magnitude a percent.)
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#34Leaving aside the costs of their listing and related compensation (which are crazy high!) they made a $57m loss on $145m in revenue. Considering that they are a pure software company this is quite shocking and, to me, a sign not to touch them with a barge pole.
What revenue and loss numbers (relative %s) would not shock you?
Anything less than a profit would shock me.
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#35Earlier quoted context omitted.
By taking too much investment, needing to pay back too much so you end up destroying your business for short term gains. edit: Just look at what's happening to Patreon
I’m out of the loop. What’s happening with Patreon?
They got a big pushback after deciding that they (wrongly) thought that they were a content provider platform and not a payment platform and started banning users with political views they didn't like.
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#36Slack is overrated and over priced. Its not like messenger platforms are difficult. We have had msn messneger, yahoo messenger, whatsapp, rocketchat, facebook messneger, messenger, gchat, skype. Slack doesn't do anything particularly special.
I disagree. Slack is not just about chat, they are about communication. We moved from Skype to Slack and it was incredibly different for us.
Open channels meant - more transparency and anyone can join and contribute. All those hella bots are extremely handy.
Overall, i would say we became more transparent, focussed and it made communication across a single company SIMPLE.
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#37Stewart Butterfield, Slack’s chief executive, said in an interview that it would take time for the market to understand his company since it had created a new category of software, unlike soda or cars We've had public business software companies for decades, they all created a new "category" of software, why does he think his is something new? Fundamentally speaking, how is Slack any different to the first email prog…
> it had created a new category of software
Let's check that timeline of team chat apps...
2006 - Campfire launches (now part of Basecamp)
2010 - Hipchat launches
2013 - Slack launches
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#38I'm surprised investors aren't more scared of the competition, particularly Microsoft and its Teams product that is part of Office 365. Maybe it's not a huge deal because the overlap of Slack customers and Office 365 customers isn't that big?
If they can fix teams so everybody who uses it doesn't hate it, I'm sure they'll absolutely dominate.
I'm still stuck with Skype. Go Delphi!
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#39Stewart Butterfield, Slack’s chief executive, said in an interview that it would take time for the market to understand his company since it had created a new category of software, unlike soda or cars We've had public business software companies for decades, they all created a new "category" of software, why does he think his is something new? Fundamentally speaking, how is Slack any different to the first email prog…
Slack is nothing at all like email. It's proprietary, non-federated and has built-in data discovery/spying mechanisms to record every click/keystroke made by users.
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#40I get that they are the most obvious comparisons for recent IPOs, but it's disappointing to see Slack being conflated with Uber, Lyft, and We, none of which have a remote chance of ever making more than a razor-thin profit in their respective industries. Whereas Slack is a SaaS company, with the real potential (whether it's likely or not) to become highly profitable down the road.
Would you be able to expand on this perspective? Is there an example of a highly profitable SaaS company which offers a super simple subscription solution and doesn't rely on data-collection based advertising?