Robinhood and Slack investments

Samsung / Product
sungsam

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Apr 24 98 Comments

Considering buying both Robinhood (@ $18.94) and Slack (@ $29.51) pre-IPO stock.

Any feedback on the stock prices? Good value? Too expensive? Too late to purchase these stocks? TIA

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TOP 98 Comments
  • Microsoft olive tree
    Where can you buy pre ipo stock?
    Apr 24 12
    • New / Biz Dev starlord42
      Or have $1m net worth not including the value of your primary residence. Or be a registered investment broker..Harder requirements to hit, but mentioning them just for completeness sake 😀
      Apr 26
    • New / Biz Dev starlord42
      Minimums vary. Microventures says as low as $100, but I'd plan on at least $3k-$10k minimum for most offerings. EquityZen minimums are usually $20k. FundersClub minimums are typically $4-$5k. Keep in mind there are fees around 5% no matter who you go through.
      Apr 26
    • Wells Fargo qUyB01
      Do you have to prove income or net worth anywhere?
      Jun 21
    • New / Biz Dev starlord42
      @qUyB01 it depends. A registered broker dealer, like microventures will likely ask for documentation. Others don't. But all will have you sign legal documents attesting that you meet the accreditation qualifications.
      There's some risk in them not asking for proof, but it seems like it'd only be an issue if a non accredited investor puts money in, loses their investment, and sues saying they "didnt understand what they were investing in".Which they'd have to be an idiot to do because it would mean admitting to fraud (or whatever the legal term is for lying on a legal document)
      Jun 22
    • Wells Fargo qUyB01
      Makes sense thanks. Am sure this depends from company to company but are the securities fairly liquid?
      Jun 22
  • Google antispam
    I’m personally willing to short slack’s stock at anytime at any value with any leverage
    Apr 25 18
    • Google antispam
      It does not provide anything special. Many big companies have their own chatting app. It is a cool communication tool for startups, however, I do not really see a large market for this tool.
      Apr 25
    • Google antispam
      And don’t be naive. It’s not about who offers better features, it about who sells better.
      Apr 25
    • Indeed / Eng animal🦍
      Or a IRC server for basically free
      Apr 25
    • Square mkfi54
      As anti spam said, enterprise is all about who can sell better. And no one can sell better to enterprise than MICROSOFT. Unless SLACK can differentiate tremendously MICROSOFT will eat their lunch.
      Apr 27
    • MS is not even selling .. they are just bundling .. doesn’t mean it is being used.
      Apr 27
  • Cisco Eyeh
    Equityzen.com
    Apr 24 6
    • Tesla YepM83
      Don’t you have to be an accredited investor to buy pre ipo ?
      Apr 25
    • Credit Karma xgqG74
      If you have income over 200k per year for two years in a row you can qualify to be accredited investor. It is not high bar you just have to show you have money and aware of risk you are taking
      Apr 25
    • Samsung / Product
      sungsam

      Samsung Product

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      OP
      Yes, I used EquityZen. And, yes, you need to be an accredited investor. Agree, it’s not a high bar, but it’s the risk factor
      Apr 25
    • Google anononly
      @OP: which pre-IPO so far you invested through equityzen, and how much each investment was? If any of those went to IPO, how much return it was comparing the IPO price to your investment?

      Never thought of pre-IPO investment. But even if one sales on first day, it’s easy money!
      Apr 25
    • Samsung / Product
      sungsam

      Samsung Product

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      OP
      I’ve bought Nextdoor previously. Haven’t been able to liquidate anything yet, so don’t have ROI info to share. First time investors can get in with $10K
      Apr 25
  • BluVector sparked
    What does that put the valuation at for each?
    Apr 24 7
    • Samsung / Product
      sungsam

      Samsung Product

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      OP
      Shared info available in the public domain. You can assume valuation has gone up since these news articles were published and given S&P500 is going through the roof.. thus, wondering if they’re overpriced.. maybe employees will know
      Apr 24
    • BluVector sparked
      Yea that’s their estimated value now; but at those share prices what does that put the value of the company at? Essentially what does the share pool look like
      Apr 25
    • Microsoft M💰FT
      Lol dude you need to know how many shares there are outstanding, you could be getting totally ripped off
      Apr 25
    • Microsoft hsgkehs
      Just read an article that said $17 billion for slack at $28
      Apr 25
    • Snapchat LilKuribo
      That’s one reason a lot of people don’t use EquityZen for super late stage companies - IPOs will dilute your value already. Also you won’t get shares until lockup, and by then it could tank to half value. So in the case of Slack, you might as well wait for lockup to buy it on the public markets if you really wanted the stock.
      Apr 26
  • SAP Man
    Pass on Slack. Massive companies in the Office ecosystem are moving to Teams.
    Apr 25 5
    • Nextdoor / Product recess
      Slack is so slow and really distracting.
      Apr 25
    • SAP Man
      Agreed. I can't stand Slack or Teams, but with Teams in Office Enterprise, there's no reason for big companies to use Slack. Pass on Slack.
      Apr 25
    • MedeAnalytics jefbho
      Teams sux so bad. The worst and the slowest messenger ever
      Apr 25
    • That’s why everyone uses slack :)
      Apr 27
    • SAP Man
      >Everyone
      Apr 27
  • Intel lostIt
    Why does OP ask a question, but when people respond back and ask for more information they disappear?
    Apr 25 3
    • Workday mrmouse123
      Its the internet. They only care for themselves. Why help others
      Apr 25
    • Google Mr. Glass
      Because the OP is asking the question for experts with experience to respond. Not noobs who ask ignorant questions trying to fish for info or show off - best to ignore these.
      Apr 25
    • Clover Health sinkinship
      Because you can't be all Little Red Hen about it.
      Apr 25
  • Zillow Group di62ks7
    Too late? No. IPO is the beginning of the journey, not the end. Good deal is the real question.
    Apr 24 0
  • Google / Eng v0
    Don't know about Robinhood, but Slack at 30-a-pop seems expensive.

    EquityZen offered Slack a while ago for $13, at an implied valuation of $7.7B. At $30 a share, you're giving it a market cap of $18B, which seems over and above the higher end of their range.

    The stock may still pop on listing, so you may end up with a good deal nevertheless, but I'd be surprised if you see a significant upside.

    Note also that EZ charges a 5% commission.
    Apr 25 2
    • Samsung / Product
      sungsam

      Samsung Product

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      OP
      I missed the $13 last time :( The prices I included above include the commission
      Apr 25
    • Samsung / Product
      sungsam

      Samsung Product

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      OP
      Slack comes with a 6 month lock in so hopefully it’ll retain it’s value beyond that period.. the multiples are crazy already so feeling a bit unsure
      Apr 25
  • Google WVXD02
    These numbers are worthless without a valuation.
    Apr 25 0
  • This comment was deleted by original commenter.

    • you sound like a desperate PM in MSFT teams
      trying to retain your job
      Apr 27
    • Walmart.com gudakesh
      At my company, for messaging slack is the preferred one. Used to be jabber before that. Jira confluence for scrum/ ticketing and documentation. Spoke to my friends and it's Same with many of the companies in Bay Area. Integration between slack and atlassian products is a game changer. Office products + atlassian + slack seems to be standard across the companies in Bay Area. Will be difficult to move out of slack & atlassian products once they rollout integration
      Apr 27
    • Now add zoom to that suite and it gets even more productive ! I heard you got rid of webex for zoom ?
      Apr 27
    • Hmm .. Don’t care. This integration would probably also suck like the other features. Anyways teams actual usage is negligible .. MS just claims big numbers after bundling.
      Apr 29
  • Salesforce raisetime
    When you buy outside like this , can you trade immediately after ipo or you have to wait for 6 months
    Apr 24 1
    • Samsung / Product
      sungsam

      Samsung Product

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      OP
      Depends on the type of stock on offer. It’s different each time
      Apr 24
  • Argo AI Gargo
    You still get locked up with everyone else. It’s most likely a forward contract.
    Apr 24 2
    • Microsoft M💰FT
      Pmming you
      Apr 25
    • Samsung / Product
      sungsam

      Samsung Product

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      OP
      You do not always get locked up. It depends on the class of stock on offer
      Apr 25
  • Nvidia rosary
    Don't confuse investments with bets
    Apr 25 1
    • Convoy XWIF21
      Investment is structured bets
      Apr 26
  • Airbnb avqx65
    How many outstanding shares are there?
    Apr 24 0
  • Disney / Product aHzn32
    Can you buy preIPO ON Robinhood itself?
    Apr 25 1
  • Salesforce / Eng
    dZtksBh

    Salesforce Eng

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    dZtksBhmore
    how and where ?
    Apr 24 0
  • Microsoft Satya007
    Curious, did u end up buying slack?
    Jun 21 0
  • New hqWe60
    buy high sell low
    Apr 27 0
  • AppDynamics ti7xa8&
    I see it’s on forge.com but u need min 100k to buy on these sites, that’s pretty crazy
    Apr 25 0
  • LinkedIn stuffy🐷
    How much commission are you paying? Who are you buying from?
    Apr 25 0

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