131–140 of 809 posts
Earlier quoted context omitted.
Maybe the lesson is that a decent solution to a painful problem and great sales and marketing are a good recipe for success.
It is a recipe for market share. Profitability and a realistic valuation is yet to be seen.
The obligatory "but they have massive losses", > For the fiscal year ending January 31, 2019, the company reported losses of $138.9 million on revenue of $400.6 million. That’s compared to a loss of $140.1 million on revenue of $220.5 million the year prior. [1] [1] https://techcrunch.com/2019/05/31/slack-first-quarter-financ... I don't understand valuations.
My question is where the hell is that money going? That money is all the cash flow in some entire minor industries. It’s the GDP of some minor lower/mid-economy nations’ cities. Their losses are equal to half the entire GDP of Palau. Maybe I’m detached. But I don’t understand the cash flow in chat apps today. It’s absolutely bizarre amounts of money for something that can and will easily be replaced in a few years, a…
Beyond executives and the board? Marketing. I'm now at a much smaller F round startup that blew $350k+ on the RSA conference and another $150k+ on expenses for said show. The return on that is miniscule.
Where does the money go? I feel like most startups I've been in have been very good at funneling the funds exactly where they want it. Profitable doesn't seem to be the goal anymore, but more of to sink as much cash into executive pockets as quickly as possible.
Earlier quoted context omitted.
> How is Discord superior? I haven't really used it but my first impressions are that it seems very tailored to the gaming community. At NuCypher switched to Discord from Slack. It's not particularly tailored , but certainly cultural influenced. There are maybe a feature or two that make more sense for gaming, but it's very useful for business. The Discord voice features are particularly useful and are in use every d…
> Slack also has a disastrous "feature" wherein any user can cause the SlackBot to send a message to another user. In an open instance (which Slack seems wont to discourage), this means that a user can easily impersonate another user and purport to be sending messages in an official capacity. Could you tell me more about that? How is that done and is there a way for workspace owners to prevent it?
The slackbot has limitations in that it looks different from a regular user and will identify it as slackbot if you click on it, as well as tell you who created the webhook to allow the integration.
It's not a problem.
It's still crazy to me that a $16B company can't make the financials of a true native app for Windows and macOS work. Microsoft has some real soul searching to do to fix up Windows development and make it easier and more attractive to companies. Thankfully it seems like both Microsoft and Apple are at least trying to make things easier. Apple will probably do the best with Project Catalyst (I mean, they already got T…
Maybe because the real future is web apps and has been for more than a decade now.
Earlier quoted context omitted.
Do you use Slack? You don't think it's Mission Critical?
I've worked at companies both with and without Slack. Something like Slack might be mission critical for a remote-first company, but comparing the two situations, I've actually noticed better communication without Slack than with it.
It's still crazy to me that a $16B company can't make the financials of a true native app for Windows and macOS work. Microsoft has some real soul searching to do to fix up Windows development and make it easier and more attractive to companies. Thankfully it seems like both Microsoft and Apple are at least trying to make things easier. Apple will probably do the best with Project Catalyst (I mean, they already got T…
Maybe because the real future is web apps and has been for more than a decade now.
The obligatory "but they have massive losses", > For the fiscal year ending January 31, 2019, the company reported losses of $138.9 million on revenue of $400.6 million. That’s compared to a loss of $140.1 million on revenue of $220.5 million the year prior. [1] [1] https://techcrunch.com/2019/05/31/slack-first-quarter-financ... I don't understand valuations.
My question is where the hell is that money going? That money is all the cash flow in some entire minor industries. It’s the GDP of some minor lower/mid-economy nations’ cities. Their losses are equal to half the entire GDP of Palau. Maybe I’m detached. But I don’t understand the cash flow in chat apps today. It’s absolutely bizarre amounts of money for something that can and will easily be replaced in a few years, a…
As for the easily being replaced part, Slack will just buy up any competitor while its small. Just like how Facebook did it with Instagram and Whatsapp. Facebook is deemed uncool by the younger generation but not Instagram and Whatsapp.
Even that seems like a lot to spend, and that is just the loss...
I wonder where the money goes.
Granted it is a big impressive product but still it would be interesting to track expenses for a company as they approach unicorn status.
The obligatory "but they have massive losses", > For the fiscal year ending January 31, 2019, the company reported losses of $138.9 million on revenue of $400.6 million. That’s compared to a loss of $140.1 million on revenue of $220.5 million the year prior. [1] [1] https://techcrunch.com/2019/05/31/slack-first-quarter-financ... I don't understand valuations.
My question is where the hell is that money going? That money is all the cash flow in some entire minor industries. It’s the GDP of some minor lower/mid-economy nations’ cities. Their losses are equal to half the entire GDP of Palau. Maybe I’m detached. But I don’t understand the cash flow in chat apps today. It’s absolutely bizarre amounts of money for something that can and will easily be replaced in a few years, a…