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Slack Is Going Public at a $16B Valuation

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Re: Slack Is Going Public at a $16B Valuation

#361
Slack is great. The valuation makes sense and I wish them continued success.

All the integrations, and workflows that Slack has enabled for our company make us more productive.

I would hate to go back to what came before it.

IRC is complete trash and I don't know why anyone would use it in the same sentence as Slack. UX matters. It matters A LOT.

Re: Slack Is Going Public at a $16B Valuation

#362
post #302

It's just crazy to many of us that a reinvented IRC is suddenly "not dead" and in vogue again. Not unbelievable, just kind of surprising how quickly text chat on a channel format was cloned, rebranded, and valued for billions.

Slack didn't clone text chat. They took the best parts of text chat, Facebook (reactions), Reddit (threads, edits) and terminals (simple UI for applications) and merged them into a single tool. I'm currently using HipChat and the difference is night and day. Slack makes large, busy chat rooms coherent in a way that just isn't possible with other text chats. And because of that, it opens new completely new possibiliti…

> Reddit (threads, edits)

I haven't used Slack since 2016 so I don't know if it's changed, but the threads were such a disappointment when they came out. I suppose everyone was hoping for some similar threading that Flowdock has, but Slack threads simply just hide the discussion.

I agree that Slack beats HipChat and IRC for work communication, but that's about it. I prefer even the new Google Chat over it, and that definitely has warts of it's own.

Re: Slack Is Going Public at a $16B Valuation

#363
post #302

It's just crazy to many of us that a reinvented IRC is suddenly "not dead" and in vogue again. Not unbelievable, just kind of surprising how quickly text chat on a channel format was cloned, rebranded, and valued for billions.

Slack is not just reinvented IRC, just as Dropbox is not just reinvented rsync and Docker is not just reinvented cgroups.

If the basic tech behind those products met the needs of business users by itself, these companies would never have succeeded.

It's not about just the technology. It's about wrapping that technology in a good user experience for end users and an easy management experience for business customers. That is really difficult, and Slack deserves credit for doing it so well.

Re: Slack Is Going Public at a $16B Valuation

#364
post #295

Anybody who thinks they know for sure that slack can't possibly be worth $16B should go back and read some threads from around the Facebook IPO (like this one https://news.ycombinator.com/item?id=4320585 ). It's very easy to write reasonable sounding things - making accurate predictions about the future is much harder.

Yeah, I'm going to go out on a limb here and venture a guess that Slack is going to do very well for itself, though it may dip and swoon over the next couple years before it reaches that point.

An even more applicable comparison is the HN thread about the Dropbox announcement. "What? This is just [IRC|rsync] with gimmicky bells and whistles."

Re: Slack Is Going Public at a $16B Valuation

#365

Earlier quoted context omitted.

Their moat is sticky enough and they know it. They can decide what verticals they want to compete it, but their company mission to make business-communication more effective is still as open a field as it was when they were founded. They may have to acquire their Instagram equivalent some time in the future, but I can easily imagine that their Enterprise Customers are here to stay.

The enterprise customers are the least likely to stay. What happens when Microsoft Teams gets “good enough” and it’s already given away with the Office subscription that most enterprise customers have and it integrates with Microsoft’s other options. Look no further than YC darling Dropbox. For the same price you pay for Dropbox, you can get the entire Microsoft Office suite plus 6 TB of storage.

> The enterprise customers are the least likely to stay. What happens when Microsoft Teams gets “good enough”

Also, Google Chat. AFAIK it's free if your company is already using the work version of Gmail, though don't quote me on that. It's out now, and does the job well enough.

My current employer went with Google Chat, I think mainly due to the cost difference with 10k+ employees.

Re: Slack Is Going Public at a $16B Valuation

#366

Congratulation to them. I think what they did is absolutely amazing and will be seen retrospectively as one of the biggest fads of history. - They managed to disturb millions of worker to an attention-driven work culture in which everything needs to always be synchronous and immediate. - They managed to change chat from a set of open protocols to a single closed app terribly written in JS. - They managed to make a lo…

An alternative perspective:

- Chat apps have been around for a while but now that Slack has been so widely adopted working remote has become a lot easier.

- Screen sharing for pair programming where everyone has the client installed and we don’t have to convince anyone to pay for it is great. (I’m very sad Slack is shuttering this service though)

- When I’m in the office I find that people who used to interrupt me by walking up to my desk and completely detailing my work are more polite with a Slack message now. That is much easier to delay even if only for a few minutes when needed.

- large meetings where it is tempting to completely tune out can still be productive if I can interact on slack.

Your points are all valid for some but it’s only one side of the coin.

Re: Slack Is Going Public at a $16B Valuation

#367

Congratulation to them. I think what they did is absolutely amazing and will be seen retrospectively as one of the biggest fads of history. - They managed to disturb millions of worker to an attention-driven work culture in which everything needs to always be synchronous and immediate. - They managed to change chat from a set of open protocols to a single closed app terribly written in JS. - They managed to make a lo…

> So yeah I don't blame them but I blame every company that falls for this. While I understand where your complaints are coming from, I encourage you to think about the fact that so many companies are "falling" for them. You and I might care about disturbances, "attention driven" work culture, open protocols, etc., but not everyone is a software engineer. The world is bigger than that. Clearly, some people quite enjo…

Many people enjoy candy too, doesn't mean it's good for you. Not everyone is a software engineer, but everyone has limited attention.

Slack's chat nature as the OP points out favours instant messaging over batching up replies, which, like many bad habits, appeals to the reward portion of our brain but is genuinely unhelpful in structuring work. There's a reasonable (and increasing amount) of evidence that multitasking and context switching can lower your working IQ by 10 to 15 points. Deep Work by Cal Newport does a good job of going into the detrimental affects that distraction from workflows has on people.

Re: Slack Is Going Public at a $16B Valuation

#368
post #302

It's just crazy to many of us that a reinvented IRC is suddenly "not dead" and in vogue again. Not unbelievable, just kind of surprising how quickly text chat on a channel format was cloned, rebranded, and valued for billions.

I never understood what Slack did better than Hipchat, and not in a nerd sense of "well Dropbox could be replaced with rsync, a VPS and some shell scripts, m'glayven". I never understood how they killed Hipchat, IRC, or anything else. I don't know if they have a strategy to deal with things like Microsoft Teams that is very attractive to companies who already work with Office 365/Active Directory or if they can reall…

Hipchat has terrible scalability problems and poor uptime.

Re: Slack Is Going Public at a $16B Valuation

#369
post #313

To me the succes of Slack also shows how invaluable it is. Companies jumped to it very easily. Everybody just started using it. And the moment something better comes along Slack will be forgotten. I think this is different from Facebook. Company employees come and go so they don't value what they put on Slack very much. And for companies the history on slack is also not very important. Well that's how I see how Slack…

I don't necessarily think Slack is worth $16B any time soon, but I actually do feel like my searchable Slack history stretching back ~5 years is one of the most valuable resources I have at my fingertips on a dailt basis. The search quickly pulls up stuff from years ago even stuff from before we changed the subdomain for the org.

Before Slack, that history might have been contained in email. Which has always been available and goes back decades in my case. Slack worries me in the sense that when it’s gone so is my data, but email I’ve always got my copy.

Re: Slack Is Going Public at a $16B Valuation

#370

Earlier quoted context omitted.

Their moat is sticky enough and they know it. They can decide what verticals they want to compete it, but their company mission to make business-communication more effective is still as open a field as it was when they were founded. They may have to acquire their Instagram equivalent some time in the future, but I can easily imagine that their Enterprise Customers are here to stay.

The enterprise customers are the least likely to stay. What happens when Microsoft Teams gets “good enough” and it’s already given away with the Office subscription that most enterprise customers have and it integrates with Microsoft’s other options. Look no further than YC darling Dropbox. For the same price you pay for Dropbox, you can get the entire Microsoft Office suite plus 6 TB of storage.

Anecdotally I changed to 365 just for the storage capacity, I don't even use Ms Office apps.
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