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Slack Raises $160M Series E at $2.8B Valuation

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101–110 of 116 posts

Re: Slack Raises $160M Series E at $2.8B Valuation

#101
post #24

Do platforms like Slack really offer a great benefit to a business? Maybe I'm being cynical, but it seems that if you had a dysfunctional organisation then this is not a silver bullet, and if you had a well functioning organisation you would manage just fine with old fashioned tools like email and Dropbox. > Support for private groups and 1:1 direct messaging gives you complete flexibility. Private things stay privat…

We're big users of Slack at my current employer, and we love it. But, no, it is not a silver bullet. The couple of things that I really like about it: - it's good for collaborative working or editing - got a fire going? about to push code live? Get all the relevant parties in a chat room and talk through it, and then destroy it afterwards - the integrations - for automated systems, slack messages are far less disrupt…

> It's configurable, but it has twitter- and irc-style mentions, so you can set your client to only ping you when you get specifically mentioned or something is posted in a critical channel

It also has keyword based notifications. I've got a few keywords set up on our rooms so if someone is talking about pieces I own I get a notification and can join in if necessary.

Re: Slack Raises $160M Series E at $2.8B Valuation

#103

For those that are confused about the value of Slack – It's not just about text chat. It's about comprehensive search and combatting organizational forgetfulness and knowledge drain. If we put it on Slack, it's archived "forever" and a team member a few years from now can start with a Slack search before re-inventing the wheel. This is especially evident with the integrations. If just the relevant slice of data is fe…

> It's about comprehensive search and combatting organizational forgetfulness and knowledge drain. They are far from achieving that vision. I agree that company-searchable chat (and email) is valuable, but I doubt it will ever replace proper internal documentation--any other approach is far too noisy, and without a lot of context it's impossible to know if correspondence about an issue from two years ago is still rel…

Ah, but it searches inside files and any connected system as well. So If I search for "Arc Code:500" it will show me any chats, any github pull requests and any Google docs that mention that phrase.

Re: Slack Raises $160M Series E at $2.8B Valuation

#104

Earlier quoted context omitted.

Is there anything that you can't use an IRC bot + Pagerduty/OpsGenie/etc for that Slack does integration wise?

Yes, exactly one: getting all of your organization's non-technical users to use it.

How about vs HipChat?

Re: Slack Raises $160M Series E at $2.8B Valuation

#105

Earlier quoted context omitted.

Yes, exactly one: getting all of your organization's non-technical users to use it.

Anyone I work with that can't use IRC I wouldn't want in our chat. I'd prefer they use email or do face to face meetings simply because of the sheer volume of information I'd need to convey to communicate effectively.

Two can play that game: I'd never work with anyone who insists on the abomination that is IRC.

Re: Slack Raises $160M Series E at $2.8B Valuation

#106
post #63
post #9

This is pretty surreal for me. I tried out Slack briefly when they first allowed the public to request accounts. Made a mental note "cool", and moved on. The next year or so I started to see a lot more teams/companies that were getting on the Slack hype-train, and now this. Huge props to the team on this valuation but I'm still quite confused.

We're in a serious bubble right now, IMHO. This valuation is based purely on the fact that all the other hip companies are using it, along with the fact that it is a good product. Valuations should be based on actual financials, but when it comes to tech right now they rarely are. Which is the definition of a bubble, IMHO.

No, no, no. Startups valuations should NEVER be based on financials because startups should by definition have limited or no financials.

The objective is to take investment in order to build assets which down the road have the potential to be valuable either on a financial profit basis or in aggregating attention.

Re: Slack Raises $160M Series E at $2.8B Valuation

#107

My favorite thing about Slack is how they've thought of all the little things. My go-to example is that when they send you a notification email, it includes links to silence further emails with a single click. Obviously, this isn't a big "feature." It's not going to show up on their marketing materials. Nobody will ever say "hey, you should try out Slack because they let you silence emails." But it's this sort of UX…

Isn't this a legal requirement? http://en.wikipedia.org/wiki/CAN-SPAM_Act_of_2003#Unsubscrib... Technically the law is only that you have to honor them within 10 days, but I've seen a bunch of sites with one-click unsubscribe nowadays.

No, not on transactional email.

Re: Slack Raises $160M Series E at $2.8B Valuation

#108
post #2

How did Slack blow up so quickly? I remember when I first read about it on TheVerge, that same morning the head of our sales team messages the CTO and suggests our company try it out. Next thing I know, every other company is using it. From my perspective, it went from nothing to huge success overnight.

I think there's a bit of a gap between perceived and actual size. While 750k users is certainly impressive, it's really quite small in the scheme of things.

Re: Slack Raises $160M Series E at $2.8B Valuation

#109
post #67

Can someone with more experience comment on the terms of the investment itself? Why would people invest in this company if they haven't even begun to spend the $120M of their series D money yet? For those of us outside of Silicon Valley who don't have the same funding climate, what's it like?

It's always better to raise money when you can rather than when you have to.

Re: Slack Raises $160M Series E at $2.8B Valuation

#110
post #22

A friend shared the thought that Slack is a little bit of a scary company to invest in because it was very easy to adopt. "We had no trouble importing our historical message archive and just moving over to this new chat system very quickly. I worry about the long-term stability of this company because if something better comes along, it will be equally fast to switch and never go back," he said. I wonder about this.…

That's about as short-sighted as it gets.
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