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

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21–30 of 116 posts

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

#21
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.

I haven't used a tool like Slack that I have so strongly integrated into my tech ecosystem. It seamlessly fit in with everything I use and is always up on my computer.

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

#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. Will people move to the new, better thing and ditch their existing product? Is that an existential threat to Slack?

I do know that the product IS pretty great and "team chat with searchable archives" has been tough to get right for a long time. (Internal IRC servers, IRCCloud, Campfire, Hipchat). But being technically excellent and fun to use is no guarantee of success (soft spot in my heart for Zephyr and platforms like Zulip).

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

#23
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.

This article was posted a couple months ago here and should answer your question: http://www.fastcompany.com/3041905/slacks-founder-on-how-the...

[deleted]

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

#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 private, so just the right people see them.

If you haven't managed to work out how to implement this kind of communication with email then aren't there bigger problems at your workplace?

There are other things that bother me, such as

> The “ambient awareness” that comes from increased transparency cuts down on the need for meetings.

> “We no longer wonder what’s happening on the front line, we know. It makes our relationships deeper because we discover things about each other and we're in touch with exactly what’s happening.”

So I now need to scroll through screens of idle chatter to try and figure out what some other team is doing? Is this constantly pinging me while I'm trying to work? Will every conversation descend into bikeshedding as every man and his dog wants to offer his opinion on the new logo or product feature?

I've just never come across Slack in London yet, so maybe I'm yet to understand what it's like in practice.

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

#26
post #14

I don't understand why so many businesses use a product with such a weak SLA as their main mode of communication. Both Hipchat and Slack have terrible uptime guarantees, and you should stay away from them.

Slack's uptime's been better than 99.995%. Communication failures due to some guy not reading your email are probably much higher. I don't think the SLAs are a big issue.

https://status.slack.com/calendar

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

#28
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.…

I agree.

Slack needs to hustle right now and increase the barrier to entry. Not sure how - integrations help. Maybe asynchronous communication as well?

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

#29
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.

Yeah, I agree completely. I really don't see the value compared to the alternatives.

such as?

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

#30
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.

Yeah, I agree completely. I really don't see the value compared to the alternatives.

Agree, it's pretty odd business model... "a cool chat"
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