251–260 of 408 posts
I like Loom, but once Slack launched clips and huddles there was really no reason to continue using it (nearly 100% of our usage was recording a video clip and posting it to Slack). Wonder what Atlassian has in store for the product.
If Slack stepped it up, it'd probably come down to who has the better bundle price.
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I think lots of people haven't realized that video clips like Loom are actually built into Slack. The button that looks like a video camera below the input text box does it. It's not a full replacement, but it's the one you already have.
Slack's huddle feature is actually so nice. We use it more often than the dedicated MS Teams our org pays for (sadly).
Interesting if not surprising to see the criticisms here. We use loom extensively at work and as a remote employee it’s one of my favorite collaboration tools. Sending a video explaining a problem while I walk through code is often much easier than getting on a zoom call, and Loom is absolutely easier and more feature-filled than other forms of screen capture.
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Nope. Loom was last valued at $1.5 billion in 2021, so with this acquisition a lot of people's options undoubtedly got totally wiped out due to liquidation preferences.
This comment misunderstands how liq pref works. Liq pref is about the amount of money invested ($175M), not about the valuation. At a $975M exit and a par-for-the-course liq pref of 1.0, it is very likely that all shareholders will have made money on the exit.
Loom is probably the simplest billion-dollar piece of software, but it's also excellent software and I am happy they're getting paid. Screen recording before Loom was a pain. You had to open up some program, start it, save the file, upload the file somewhere, and share it. And if you had to edit the recording at all ... probably start over. With Loom it's all one click and it's ready to share the instant you hit the…
They raised $200M and last raised at $1.5B. Depending on liquidation preference clauses I don't think any employee outside the founders will make much from this sale.
Options from the last raise would be under water, but they operated for years before that raise. There are likely a lot of employees doing reasonably well.
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They raised $200M and last raised at $1.5B. Depending on liquidation preference clauses I don't think any employee outside the founders will make much from this sale.
Would you mind sharing the ballpark arithmetic that leads to this conclusion?
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They raised $200M and last raised at $1.5B. Depending on liquidation preference clauses I don't think any employee outside the founders will make much from this sale.
Would you mind sharing the ballpark arithmetic that leads to this conclusion?
Except they sold the company at a ~flat multiple over the valuation. If employees got RSUs, then at least they made say $65K after short-term capital gains (30%+). But if as options... no growth over the latest valuation's strike price, so nothing. $65K is not $200K and certainly not $2M.. and $0 is even worse.
FWIW, I'm a happy customer, am happy for the founders, and hope the new features keep rolling out through the acquisition -- our usage of Loom grows every month! The issue here is not the founders, but HR & VC. This is why joining companies with high valuations is a big risk as the VC's have already set inflated prices that ate your potential payout -- you earn on growth over the strike price at time of joining -- and these high markup companies have a lot of revenue to grow into.
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It’s well-executed and convenient. That’s worth a lot.
This discussion reminds me of when Dropbox was at ShowHN and someone was commenting on how this could be done with FTP. https://news.ycombinator.com/item?id=8863
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Nope. Loom was last valued at $1.5 billion in 2021, so with this acquisition a lot of people's options undoubtedly got totally wiped out due to liquidation preferences.
This comment misunderstands how liq pref works. Liq pref is about the amount of money invested ($175M), not about the valuation. At a $975M exit and a par-for-the-course liq pref of 1.0, it is very likely that all shareholders will have made money on the exit.
I am sure they made money but not what was expected (exiting above 1.5B).
How are you determining par for the course liq preference of 1.0? Where does that data come from? I ask genuinely as the small sample of companies I know of personally have liq preferences greater than 1.
Interesting if not surprising to see the criticisms here. We use loom extensively at work and as a remote employee it’s one of my favorite collaboration tools. Sending a video explaining a problem while I walk through code is often much easier than getting on a zoom call, and Loom is absolutely easier and more feature-filled than other forms of screen capture.
The issue that I have is that everyone that praise Loom are talking about how they enjoy using it to create videos. I don't hear anyone saying they enjoy consuming them. Do you?