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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

#741

Earlier quoted context omitted.

And in the past you could not be de-protocol-ed

Not by mobs of angry students, but protocol managing entities like Microsoft, Novell, IBM, and others sure could make your interpretation of the protocol invalid. Particularly if you had some competing software out in the wild...

You can code around a protocol change. You can't do that with a de-platforming.

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

#742

Earlier quoted context omitted.

I don't know about "well deserved". They did it by holding people's data hostage. It's one thing to make your messages unsearchable or otherwise available in the UI until your pay, but holding your data completely hostage until you pay up isn't exactly a noble way to go about things. Even Facebook isn't this obnoxious about getting you a copy of your message history.

Just double checked this and exported the history from my free plan -- in Slack I can only see messages back to November 2018, but the export includes all messages back to our beginning in 2016. As others have said, this 'Standard Export' doesn't include direct messages and private channels, so there's still some amount of 'hostage taking'

And you're probably the workspace admin. I shouldn't need someone else's permission to export my own data either.

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

#743
post #493

>>> More than 88,000 Paid Customers, including more than 65 companies in the Fortune 100; and >>> We had 575 Paid Customers >$100,000 of ARR as of January 31, 2019, which accounted for approximately 40% of our revenue in fiscal year 2019. If my math is right, 40% of their revenue is concentrated in I also saw that this is a direct listing and not an IPO. Again, I can only see this as a risk, basically because no unde…

> I also saw that this is a direct listing and not an IPO.

A direct listing is an IPO. Underwriter's are not a requirement, as Spotify profitably demonstrated.

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

#744

Earlier quoted context omitted.

We never got an instant messaging that works like email, for one.

matrix is exactly this, at least from an client/server interop standpoint. email is the first massively successful federated application. matrix just needs an easy to use client/webclient. Riot.im is close, but needs some UX love.

Agree. However the fact that E2E with perfect forwarding secrecy is not guaranteed is going to be an issue.

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

#745

Earlier quoted context omitted.

Two years ago, those 50 customers weren't using Slack at all. It will be just as easy for them to leave.

Especially when Microsoft just tosses Teams in for free in their next Office 365 renewal.

My company just switched to Teams (from Sametime). We had evaluated Slack, Teams, and Cisco/Webex Teams. To me Teams is a pretty crap chat tool, but it's integration with WIndows (and the macOS client isn't shabby either) is what made it a clear winner. We can chat, do voice, share files, collaboratively edit files, share desktops, all in one app. My only complaint is that the emoticons are typical Microsoft style and should be updated to something better. But this might be due to most Windows desktops not using a high DPI. On a Retina screen they look amateurish.

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

#746

Earlier quoted context omitted.

Can you log on to IRC from your phone and then instantly search through all of your company's chat history through the last couple of years?

Sure, that's exactly what I'm doing all the time. I can search my logs easily https://i.imgur.com/nTpoYs0.png (soon with even better integration, the prototype is a separate web app), and I can just open the web client or app on any device on this planet and instantly have all my logs and channels, and just chat: https://i.k8r.eu/54BPMQ.png Of course, I use self-hosted quassel and quasseldroid. Many other projects su…

> Of course, I use self-hosted quassel and quasseldroid.

That sounds exactly like the infamous first comments on the HN Dropbox post. I'd rather pay someone to use their app than go through the pain of self-hosting and administering yet another service.

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

#747
post #692

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.

> 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. To me, that sounds exactly like someone defending AppleTalk, AOL, ICQ, or Minitel. Focus on usability, not interoperability. That's what people want, right? When it comes to communications, what matters even more than user experience, in the long run, is being compatible with everyone, even yo…

> That's what people want, right?

Yes. That's exactly what they want.

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

#748
post #493

>>> More than 88,000 Paid Customers, including more than 65 companies in the Fortune 100; and >>> We had 575 Paid Customers >$100,000 of ARR as of January 31, 2019, which accounted for approximately 40% of our revenue in fiscal year 2019. If my math is right, 40% of their revenue is concentrated in I also saw that this is a direct listing and not an IPO. Again, I can only see this as a risk, basically because no unde…

> I also saw that this is a direct listing and not an IPO. A direct listing is an IPO. Underwriter's are not a requirement, as Spotify profitably demonstrated.

Thanks for clarifying. My understanding was that an IPO creates new shares, while a direct listing just sells the existing ones. In the same sense, I thought that underwriters were responsible for pushing the stock through the distributions channels (funds, investors, etc) so that they make sure that an IPO is successful in its opening.

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

#749
post #748

Earlier quoted context omitted.

> I also saw that this is a direct listing and not an IPO. A direct listing is an IPO. Underwriter's are not a requirement, as Spotify profitably demonstrated.

Thanks for clarifying. My understanding was that an IPO creates new shares, while a direct listing just sells the existing ones. In the same sense, I thought that underwriters were responsible for pushing the stock through the distributions channels (funds, investors, etc) so that they make sure that an IPO is successful in its opening.

After some more searching on "direct listing vs. IPO", there definitely seems to be a lot of "DPO is not an IPO" so I'm going to enjoy having my foot in my mouth.

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

#750
post #493

>>> More than 88,000 Paid Customers, including more than 65 companies in the Fortune 100; and >>> We had 575 Paid Customers >$100,000 of ARR as of January 31, 2019, which accounted for approximately 40% of our revenue in fiscal year 2019. If my math is right, 40% of their revenue is concentrated in I also saw that this is a direct listing and not an IPO. Again, I can only see this as a risk, basically because no unde…

I predict that, one year from now, few people will be talking about Slack and, two years from now, Slack will be teetering on insolvency.

Your sentiment is valid, but you need to quadruple the timescale.
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