191–200 of 469 posts
Lyft, Uber, Zoom, Beyond Meat and now, Slack Is there any benefit of Public at this point of time? or Just a trend to grab as much as Wallet share from the average investor?
I've been seeing a lot of calls about this incoming downturn (especially HN), does anyone have any articles/analysis they can point me to? Would love to read up on the state of it.
I'm staggered that there are 575 companies paying slack $100k / year. I don't even have anything against slack but what is possibly worth $100k a year from a comms software?
"Our revenue was $105.2 million, $220.5 million, and $400.6 million in fiscal years 2017, 2018, and 2019, respectively, representing annual growth of 110% and 82%, respectively. Our growth is global with international revenue representing 34%, 34%, and 36% of total revenue in fiscal years 2017, 2018, and 2019, respectively. We continue to invest in growing our business to capitalize on our market opportunity. As a re…
It’s still mind boggling that all these unicorns haven’t found a way to make money even after being in business for years and having a mature product. It’s a strange world.
Profitability will probably come post-IPO in some form of a hiring freeze (or quotas), and cuts in perks/food per capita.
If 80%ile studio rents in San Francisco were closer to $800/month than $3400/month then maybe salaries could be 70% of what they are, and Slack would be almost break-even.
It's worth noting that profitability isn't the only useful way to run a publicly-traded business. Telecoms are typically swimming in debt, but they're (mostly) fine because they have cash flow (monthly payments; making it impossible to quit).
I understand why "VC subsidized taxi rides" runs at a loss, but how on earth does Slack lose money?
Surprised at Sales and Marketing expense given the low number of Enterprise (>$100k) contracts. Wonder what's baked in there beyond AE compensation? I don't see a whole lot of traditional advertising, but maybe it's out there?
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Knowing how famously inefficient the Slack application is with end user resources, I wouldn’t be surprised if their backend has been poorly optimized. I serve more than 1000 users on a $3.50/mo VPS with a not-particularly-efficient runtime just fine.
Cool, 10000 more of those boxes and you can rebuild slack "in a weekend for $35k/month". Don't mind the lawsuits when you lose your customer data and forgot to pay for backups for "cost optimization" reasons. Don't mind the complaints when your uptime is barely one-nine. Don't mind the customer cancellations when your 1000-user VPS doesn't actually scale to 20k concurrents. And don't mind the HN snark when you releas…
Does a chat app need to be fully searchable? I don't think so. Does it need backups? I don't think so. These are features users could opt-in for if it was that important to them. Could be something simple as sending encrypted nightly diffs to an email address.
The whole world doesn't need to be over engineered to have a useful product.
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I'm sorry; I've just seen this attitude so many times in my career of, "Why not just create an option for this thing that would completely upend the way the product works?", which doubles the number of possible things you then need to test for, complicates the product, slows down development, adds technical debt, bloats the software, and clutters up the options screen. I'm on a couple slacks, some where local culture…
Thank you for turning the conversation more polite. I agree with you about options having a cost. However, if so many of your users are complaining about something, and if the complaint is about something as important as “losing messages,” then something should be done about it. It’s no longer enough to say that “but it works for some people” or to say that “options add complexity.” Our entire core team has discussed…
Vocal minorities shouldn't drive product decisions.
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The market is going to crash and everyone wants to cash out before it does.
What specifically will make the market crash?
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Well there people who disagree and would like to invest in them. Why should your opinion be forced on them?
There are people who want to invest in ICOs, Ponzi schemes...others want to rape, murder...why should anyone’s opinions be forced on these people?