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Slack Is Going Public at a $16B Valuation
181–190 of 809 posts
Re: Slack Is Going Public at a $16B Valuation
#182Re: Slack Is Going Public at a $16B Valuation
#183So they are worth $1,600 per user? I don't understand how that is possible at all.
My company is in the middle of switching from Slack to Microsoft teams. The water cooler talk is that we're paying Slack $1000-$2500 per year per user. It sounds like their business model thus far is that of p2w mobile games. Nearly all of your users are minnows, but some are whales. I don't know if any of this is true. It doesn't really sound believable that we're paying that much, tbh.
We started using slack just for our dev/eng teams at work, and the interest grew to some of our customer side teams and non-technical teams, but management have been reluctant to expand Slacks licensing. Then we realized Teams is included with our MS licenses, so now we're giving the non-dev/eng side of the company that. It's only a matter of time before someone with a little sway asks "Why are we paying for this when we have Teams?" the murmurs have already begun, it just has to hit the right ears, so the days are numbered.
Re: Slack Is Going Public at a $16B Valuation
#184Earlier quoted context omitted.
> and they didn't need to bend or break laws to succeed. I agree. There is no law against half-assed, bloated Electron based desktop software that can bring even recent hardware to its knees.
I've never experienced this very common criticism of slack on here. When I occasionally check, Slack is using around 500mb or RAM. A lot for a chat app? Sure. But it has little to no affect on either my 16gb or 8gb machines.
I'm usually at 500mb... per workspace. And the loading times when switching workspaces / channels are just stupid.
Ended deleting the desktop client.
Re: Slack Is Going Public at a $16B Valuation
#185Re: Slack Is Going Public at a $16B Valuation
#186Earlier quoted context omitted.
Maybe because the real future is web apps and has been for more than a decade now.
If it’s been the future for a decade, and that future isn’t here ... is it really the future of applications?
Yup, you used a web app to post your comment. Apple dropped Flash for native web HTML5. Is the future really to develop an app that can only run in 4 places (Windows, mac, ios, and android) dominated by three major companies?
Re: Slack Is Going Public at a $16B Valuation
#187Earlier quoted context omitted.
I’m not talking about their supposed $16b value. I’m wondering where the money they’re actually spending is going. They’ve lost nearly $150 million in a year. How? What does that money even go to? Even paying their devs incredibly generous wages and benefits, server costs, advertising, deals with businesses, etc, I can’t imagine the losses being that big. It’s insane amounts of money to burn through.
That doesn’t seem like that big of a number for a large corporation that Slack is now. Tesla had a net loss of 700mm[1] last quarter. Their business is more capital intensive for sure but still. Just looking at a 150mm net loss and saying it’s a big number doesn’t tell you much. [1] https://ir.tesla.com/node/19771/html#CONSOLIDATED_STATEMENTS...
Tesla also manufactures goods. The material and labor costs are pretty clear.
Re: Slack Is Going Public at a $16B Valuation
#188Slack is a great product (vs email or public chat alternatives). I wish them the best expanding their user base.
Are they worth 16B? None of the armchair investors here know their financials (addressable market size, user growth rate, expected ARPU etc). Until a careful analysis done, I would caution you against coming to a quick conclusion.
Re: Slack Is Going Public at a $16B Valuation
#189Just throwing out there but has Slack genuinely improved the work lives of anybody? I've used it for my past two jobs and have yet to find a way of using it that doesn't destroy my productivity or make me genuinely afraid of receiving a message and being thrown off what I was doing.
Re: Slack Is Going Public at a $16B Valuation
#190Earlier 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. I have used Slack extensively and it appears more professional. And if Discord is free, how do they make money / keep the lights on? I do worry about Slack's pricing since there is a vast chasm between their free plan and their paid plans. I use Slack to run some open source and hobbyist…
Discord has much better performance for large communities, and I've found it to be perfect for remote collaboration with its intuitive and super low friction voice channels. But the issue around professionalism that you bring up is certainly valid. I don't want to have to maintain separate accounts for work vs play (unless there's a seamless way to switch between them, like for Google, but currently there isn't), but…
I want the multi-account support without a workaround.
People have been asking about if for awhile (a year plus) now.