Is 16B really too high of a valuation when Atlassian is double the market cap at 32B? Both have similar products (collaboration/productivity) and are extremely sticky.
Slack Is Going Public at a $16B Valuation
81–90 of 809 posts
Re: Slack Is Going Public at a $16B Valuation
#82Congrats to them. I used to be an avid user (loved the way some integrations could help productivity), but since then moved on to Discord, which feels superior in every aspect, especially since it's free. I'm not sure how I feel about the valuation. I'd like to see how the user base, especially the ratio of paying users, has been growing. It feels likely that most of the companies that would have been easy to convert…
How is Discord superior? I haven't really used it but my first impressions are that it seems very tailored to the gaming community. I have used Slack extensively and it appears more professional. And if Discord is free, how do they make money / keep the lights on? I do worry about Slack's pricing since there is a vast chasm between their free plan and their paid plans. I use Slack to run some open source and hobbyist…
Re: Slack Is Going Public at a $16B Valuation
#83Well deserved. Their product-vision was clear, their execution focused on what mattered... and they didn't need to bend or break laws to succeed. It's easily my favorite unicorn of the past decade.
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.
Re: Slack Is Going Public at a $16B Valuation
#84Well deserved. Their product-vision was clear, their execution focused on what mattered... and they didn't need to bend or break laws to succeed. It's easily my favorite unicorn of the past decade.
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.
Re: Slack Is Going Public at a $16B Valuation
#85Earlier quoted context omitted.
Atlassian was already profitable weren’t they? There’s a disclaimer these unicorns put in their S1s - “we are not profitable and may never be” - Atlassian probably didn’t have to do that. That should count for something right?
That disclaimer is as old as dirt. I saw a company that sent public in 1960 had the same. Won't be surprised if Atlassian had the same.
Re: Slack Is Going Public at a $16B Valuation
#86Earlier 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.
This is not entirely true. You can export all data from Slack, including data that’s normally hidden because you’re on the free plan.
Re: Slack Is Going Public at a $16B Valuation
#87I agree they’re a great product org, but not sure I agree they’re a $16B company — messaging apps tend to be cyclical, so I’m not sold on their long term viability. It’s just too easy for new IM platforms to take root inside a company once the old one gets too noisy. Given the growing grassroots backlash against the entire Slack Way, I’m not convinced they have a long enough runway to pivot to a stickier product befo…
The product is compelling enough that Microsoft is trying to position their clone as the lynchpin of everything in O365 that isn’t mail.
It’s a platform that is attractive to all sorts of players. Apple has a huge enterprise business that they completely ignore. Google, Cisco, other enterprise plays are easily imaginable.
Re: Slack Is Going Public at a $16B Valuation
#88Congrats to them. I used to be an avid user (loved the way some integrations could help productivity), but since then moved on to Discord, which feels superior in every aspect, especially since it's free. I'm not sure how I feel about the valuation. I'd like to see how the user base, especially the ratio of paying users, has been growing. It feels likely that most of the companies that would have been easy to convert…
How is Discord superior? I haven't really used it but my first impressions are that it seems very tailored to the gaming community. I have used Slack extensively and it appears more professional. And if Discord is free, how do they make money / keep the lights on? I do worry about Slack's pricing since there is a vast chasm between their free plan and their paid plans. I use Slack to run some open source and hobbyist…
At NuCypher switched to Discord from Slack.
It's not particularly tailored, but certainly cultural influenced. There are maybe a feature or two that make more sense for gaming, but it's very useful for business.
The Discord voice features are particularly useful and are in use every day at NuCypher.
Slack also has a disastrous "feature" wherein any user can cause the SlackBot to send a message to another user. In an open instance (which Slack seems wont to discourage), this means that a user can easily impersonate another user and purport to be sending messages in an official capacity.
> I have used Slack extensively and it appears more professional.
I don't even know if I know what that means in 2019. As far as appearance, Discord is much more fun. Is that what you mean?
Slack doesn't seem particularly professional to me.
Re: Slack Is Going Public at a $16B Valuation
#89Earlier quoted context omitted.
Nailed it
Is MySQL just a frontend on a filesystem?
MySQL is a nicer alternative to managing really big CSV flat files on a filesystem.
Facebook is an RSS, address book, message share.
Etc.
Re: Slack Is Going Public at a $16B Valuation
#90Congrats to them. I used to be an avid user (loved the way some integrations could help productivity), but since then moved on to Discord, which feels superior in every aspect, especially since it's free. I'm not sure how I feel about the valuation. I'd like to see how the user base, especially the ratio of paying users, has been growing. It feels likely that most of the companies that would have been easy to convert…
My gut feeling, without doing much proper analysis, is that further growth will come not so much from adding more paying users as selling more services to the existing, extremely locked in, userbase. It's a platform - I can see a world where almost everything in the workplace is embedded into Slack or integrated with it. They can take their cut of all of that.