Live data from Hacker News

Slack Raises $160M Series E at $2.8B Valuation

techcrunch.com

91–100 of 116 posts

Re: Slack Raises $160M Series E at $2.8B Valuation

#91
post #21

Earlier quoted context omitted.

I haven't used a tool like Slack that I have so strongly integrated into my tech ecosystem. It seamlessly fit in with everything I use and is always up on my computer.

Is there anything that you can't use an IRC bot + Pagerduty/OpsGenie/etc for that Slack does integration wise?

Yes, exactly one: getting all of your organization's non-technical users to use it.

Re: Slack Raises $160M Series E at $2.8B Valuation

#92

For those that are confused about the value of Slack – It's not just about text chat. It's about comprehensive search and combatting organizational forgetfulness and knowledge drain. If we put it on Slack, it's archived "forever" and a team member a few years from now can start with a Slack search before re-inventing the wheel. This is especially evident with the integrations. If just the relevant slice of data is fe…

If we put it on Slack, it's archived "forever" and a team member a few years from now can start with a Slack search before re-inventing the wheel. Heard that one before. If Slack gets eaten by Google etc...that might not be the case. I am preferential to self hosted solutions.

To play devil's advocate, your self hosted server could go up in flames one day too...or it gets hacked. Obviously there's risks with any solution. As to the magnitude of each risk, it's hard to say, but I'd agree with you that getting bought out by someone else and your data being lost or compromised in the process is a pretty big one.

Re: Slack Raises $160M Series E at $2.8B Valuation

#93
post #89

Earlier quoted context omitted.

I feel similarly. Of course there are tons of people saying "no no no, it's not a bubble", but historically, bubbles were never acknowledged until they bursted.

"but historically, bubbles were never acknowledged until they bursted." What does it mean when there are more people shouting bubble than those who deny it?

That particular metric means nothing. People like me saying there's a bubble means basically nothing, because no VC is actually listening to my opinion. Just like most commenters on here saying there isn't also means nothing.

But, there may (or may not) be a bubble going on despite this.

Ultimately whether it is viewed as a bubble in 10 or 20 years depends entirely on whether enough investors get burned and burned big enough that they stop investing, just like what happened in the early 00's.

Re: Slack Raises $160M Series E at $2.8B Valuation

#94

Earlier quoted context omitted.

Is there anything that you can't use an IRC bot + Pagerduty/OpsGenie/etc for that Slack does integration wise?

Yes, exactly one: getting all of your organization's non-technical users to use it.

Anyone I work with that can't use IRC I wouldn't want in our chat. I'd prefer they use email or do face to face meetings simply because of the sheer volume of information I'd need to convey to communicate effectively.

Re: Slack Raises $160M Series E at $2.8B Valuation

#95
Ignoring the question of "why are they valued so much," I have a more immediate question... what do they need all this money for????

Capital costs are low and slack is probably cash flow positive. Why are they raising a Series E for this much money? That's enough to pay for thousands of employees.

They must have something up their sleeve beyond just chat. My theory is investment is flowing into slack because enterprise was so quick to adopt them, and slack now has its foot in the door at many of the largest companies. This puts them in a position to compete with Dropbox, Box, and other enterprise-focused companies.

Slack is playing in a field much bigger than corporate chat. They are a new entrant into the enterprise platform wars and seemingly more agile than Dropbox et al. I imagine investors are putting money into this advantage position more than the slack product itself.

Re: Slack Raises $160M Series E at $2.8B Valuation

#96
post #21

Earlier quoted context omitted.

I haven't used a tool like Slack that I have so strongly integrated into my tech ecosystem. It seamlessly fit in with everything I use and is always up on my computer.

Is there anything that you can't use an IRC bot + Pagerduty/OpsGenie/etc for that Slack does integration wise?

IRC is quite capable, but Slack is like IRC without all the rough edges and with a nice API.

There's only so much a bot can do, and the presentation of IRC varies wildly between clients. Slack normalizes all of that, which for casual users is huge.

Clearly it's drawn a lot of inspiration from IRC, and rightly so, but it's measurably better in a number of significant regards.

There's still a place for IRC and XMPP, but where Slack is a good fit, it's a great fit.

Re: Slack Raises $160M Series E at $2.8B Valuation

#97

Earlier quoted context omitted.

Is there anything that you can't use an IRC bot + Pagerduty/OpsGenie/etc for that Slack does integration wise?

IRC is quite capable, but Slack is like IRC without all the rough edges and with a nice API. There's only so much a bot can do, and the presentation of IRC varies wildly between clients. Slack normalizes all of that, which for casual users is huge. Clearly it's drawn a lot of inspiration from IRC, and rightly so, but it's measurably better in a number of significant regards. There's still a place for IRC and XMPP, bu…

I honestly find Slack and Slack's API to have more rough edges [along with most of the "IRC replacements"] than IRC which is why I was curious.

YMMV. Thanks

Re: Slack Raises $160M Series E at $2.8B Valuation

#98
post #24

Do platforms like Slack really offer a great benefit to a business? Maybe I'm being cynical, but it seems that if you had a dysfunctional organisation then this is not a silver bullet, and if you had a well functioning organisation you would manage just fine with old fashioned tools like email and Dropbox. > Support for private groups and 1:1 direct messaging gives you complete flexibility. Private things stay privat…

It's just chat. We've had chat services for a long time, although the options for biz/corporate/enterprise have traditionally sucked. There is a lot of efficiency gained since emails can often be heavy and include lots of extra wording, signatures, greetings, etc. There are plenty of conversations that just move faster through a lightweight chat system. Lots of companies were using MSN, Skype, Lync, Gmail, IRC, etc t…

>>It's just chat.

No, it is not "just chat." Chat is just one function. Slack basically brings ALL of the information that is relevant to your team in one place. It has out-of-the-box integrations with a TON of services, and all the data they are sending to your team's Slack feed can then be search on, which provides massive productivity advantages.

Re: Slack Raises $160M Series E at $2.8B Valuation

#99

Earlier quoted context omitted.

Is there anything that you can't use an IRC bot + Pagerduty/OpsGenie/etc for that Slack does integration wise?

IRC is quite capable, but Slack is like IRC without all the rough edges and with a nice API. There's only so much a bot can do, and the presentation of IRC varies wildly between clients. Slack normalizes all of that, which for casual users is huge. Clearly it's drawn a lot of inspiration from IRC, and rightly so, but it's measurably better in a number of significant regards. There's still a place for IRC and XMPP, bu…

What are those significant regards?

While I also like the polished UX, I'd argue that the only real value that slack adds on top of IRC is the UI/X and integrated history - the latter being something that IRC just plain lacks.

Post reply on HN