Earlier quoted context omitted.
Well, irccloud.com must be doing something wrong if they're using a pre-existing protocol, have solved its problems and yet Slack is the company worth billions.
That’s the part where VC money comes in. 99% of the VC funded companies worth billions weren’t the first, or the best — they just managed to get VC money and out-spent everyone else on advertising, or used the money to give away their product until they were the largest. Uber is still making losses in almost all markets it’s active in. Slack is making a 380'000 $ loss per day. Amazon hasn’t made a profit a single tim…
But it was never too much in the red. It shouldn't be placed together with Uber.