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Slack S-1

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Re: Slack S-1

#401
post #44

Earlier quoted context omitted.

They are already profitable. They're just warning it's possible they might become unprofitable. Just like any other company.

They have operated at a net loss for the past 3 years - this is simply untrue.

Sorry, misread another post.

Re: Slack S-1

#402

Earlier quoted context omitted.

> (we'd lose our message history). You can't export your data from Slack?

It's rough. We thought about switching to Microsoft Teams and we realized that so many decisions about our relatively young company were tucked in DMs and private channels in Slack that we couldn't leave. Email is non-sticky (just take your emails/save them on client and leave) Files storage is non-sticky (just move your files from OneDrive to GDrive) Chat/Collaboration is sticky as mud.

This sounds more like a problem with your young companies processes, not a problem with slack or email.

Maybe you should think about a formal method of documenting important decisions for your company instead of relying on a chat log.

"Hey, I just purchased 20k of widgets"

"What? Why?! We can't afford that! We decided to discontinue those widgets month ago! Didn't you scroll through the chat logs before making that purchase order??!"

Good luck.

Re: Slack S-1

#403
post #64

Earlier quoted context omitted.

Is there any other industry where a company can go public having lost $500,000,000 over the last 3 years? I get it their “market share” is increasing every year and the loses are staying the same...and even that is not the full picture of a path to profit. But if the company could turn a profit, then why not do it privately, show that and then go public? My guess like Uber and Lyft...they can’t turn a profit, and for…

Is there any other industry where developing an instant messaging system can result in $500 million in losses despite $700 million in revenue?

Funnily enough, when I do design interviews, I often ask them to design a chat client - not the whole design, but bits and pieces, like the db schema or the API of the service.

What the interviews invariably show is that a chat client is not simple. It's extremely complicated, especially when you want it to work at scale. If you think it's a "simple" app, go ahead, try to make one - even on a whiteboard.

I can completely understand why instant messaging can get you $700 million in revenue. As for the losses -- they are invested in the future of the company and I think are justified.

"How hard can it be?" is something we ask about "simple" stuff everyday, and the answer if you dig deeper is almost always "Much harder than you think."

Re: Slack S-1

#404

Earlier quoted context omitted.

I don't think Microsoft would buy Slack given the money they've dumped into developing and promoting Teams. Seems they're too far gone at this point. Disclosure: Work at MSFT, not on Teams.

WhatsApp. Microsoft would buy to prevent someone else from doing so. Though its hold has weakened greatly, the Outlook, Exchange, and AD behemoth still own enterprise communications.

I was under the impression Facebook owned WhatsApp...?

Re: Slack S-1

#405
post #53

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?

You can solve the problem of internal communication for your entire company at less than the cost of hiring a single engineer. I'm surprised there aren't more companies on this list.

Re: Slack S-1

#406

Earlier quoted context omitted.

Your told that because it’s true. If someone is sending you messages that are so useless you need to mute them, either your organization is seriously disfunctional or you shouldn’t be in Slack.

Unfortunately disfunctioal cultures are widespread. If you can only solve the problems of Ivory Towers, you are not going to have many customers.

Well apparently they have many customers so...

Re: Slack S-1

#408

I remember at Uber we had tried Slack for a few months and it could not scale to that number of employees (at the time around 5000 worldwide)...

When was this? Given the number of enterprise customers they claim to have, it is unlikely that Slack can't scale to 5000 users at a company.

Re: Slack S-1

#409

Slack is a much better investment than Uber, lyft and Pinterest. Not sure why google is not compettwith them yet. It’s proven that google cannot do consumer very well but services they do very well. May be the corporation focused service like slack is what they will excel at. Couple that with their other offerings it could work very well for them. Then again point being slack doesn’t have the kind of red flags the ot…

Google is competing (or at least trying to) - https://gsuite.google.com/products/chat/

Re: Slack S-1

#410

Congratulations to the Slack team; a great product that has generally become better over time. Let's hope that going public doesn't change them too much (although things like the new logo debacle don't inspire confidence at times)

There was a logo debacle? I saw it as the standard "complaining and moving on" which happens any time any popular product makes any change.
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