Slack files to go public

Google SBhS60
Feb 4 150 Comments

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TOP 150 Comments
  • Square / Eng
    077

    SquareEng

    PRE
    Palantir, Google
    077more
    I, for one, don’t understand the mass appeal of Slack or why a modern-day AOL Instant Messenger (for business) would be worth as much as it is. I’ll give them the benefit of the large enterprise user base, but this is an easily disruptable space, especially if a Slack becomes complacent and doesn’t ship meaningful updates. I wouldn’t personally invest, but we’ll see what happens.
    Feb 420
    • New Xiq4a4n
      A ton of enterprise software is like that. Adoption means everything because it is hard for enterprises to switch to another software just like that. Look how far JIRA and Confluence have gone with such a pathetic user experience.
      Feb 4
    • Oracle / IT
      l00tb0x

      OracleIT

      PRE
      Ericsson, National Instruments
      l00tb0xmore
      Eww.. don't get me started on JIRA...
      Feb 4
    • PayPal gjkk73
      > I, for one, don’t understand the mass appeal of Slack

      And that, sir, is why you won’t be a good entrepreneur/investor/VC ... at least in the enterprise niche
      Feb 4
    • Uber / R&Djidao
      Slack is a nightmare to use, only notify me when I don't want to get notify... Slow, counter intuitive UI, I really hate to have to use it
      Feb 4
    • Twitter Wicky
      This is why ur not management material.
      Feb 4
    • Atlassian / Eng
      Luffy, M.D

      AtlassianEng

      PRE
      Facebook
      BIO
      A prematurely grumpy somewhat old man
      Luffy, M.Dmore
      Speaking only for myself and not my employer, while I feel bad for the Stride/Hipchat employees who got either reallocated or laid off, Slack works way better.

      It's the only corporate messenger with really usable search, and the channels interface is the least sucky out there. For straight person to person corporate IM it's overkill but then again Lync/Skype4Business and Webex Connect manage to suck even at that.
      Feb 4
    • They don’t have any real competition in the workplace and they have a huge head start
      Feb 4
    • Netskope q74!
      May be MSFT Teams but its terrible to say the least
      Feb 5
    • Oracle / Engwill oh
      Always thought of Slack more as irc than aim.
      Feb 5
    • Microsoft ogLh58
      Ugh don't mention teams please. We are forced to use it and it sucks. My biggest gripe is how it insists on wasting space left and right of the chat log. there is also that unnecessary conversations thing which slack has as well, possibly just because slack has it. Imo discord is good enough if it had better bot support
      Feb 6
  • Microsoft M💰FT
    Microsoft/ Google will take this market over. Small third party companies without ecosystems will not succeed in the enterprise space.
    Feb 424
    • Microsoft M💰FT
      Teams basically copied slack and is a completely usable and legitimate experience. Also, call quality on teams >> slack.
      Feb 4
    • Microsoft BarFoo
      You get Teams for free if you use O365, since it comes in under that banner. Slack is fighting an uphill battle, even though they are the market leader.

      That said, I think Teams sucks in its current form.
      Feb 4
    • PayPal gjkk73
      I just took a look at Teams again and the UX is subpar ... and the interface is confusing and trying to do a lot of things for what should be a straightforward app... so teams hasn’t copied slack by a long mile ....
      Feb 4
    • PayPal gjkk73
      So, hire good product managers for Teams/apps MS 😅
      Feb 4
    • Facebook hbdik
      Have you guys heard workplace lol
      Feb 4
    • Slack / Eng
      namelessyo

      SlackEng

      BIO
      Looking women Chinese speakers for lunch in SF
      namelessyomore
      Yes I heard of FB workplace
      Feb 4
    • Booking.com b.swax
      @hbdik do you mean the corporate approved distraction tool? Srsly, i open it up to send one message and suddenly its been 15 mins and im reading PMs circlejerking each other.
      Feb 5
    • Microsoft Hfsevjk
      Teams is terrible as a chat platform, but the integration with file storage is pretty great (btw, never ever thought I’d say that about sharepoint).
      Feb 5
    • Microsoft
      Feminism

      Microsoft

      PRE
      Microsoft, Amazon, Facebook, Google, Intuit
      Feminismmore
      Pretty rich that PayPal guy is advising people on UX. 😂
      Feb 5
    • Heh .... our UX isn’t that bad ... although my visa hasn’t ‘stabilised’ yet for me to afford a move ... who knows I might end up at MS 😉

      I’m the same guy btw just a different handle
      Feb 5
  • Lending Club e56g;($tsn
    Next BlueApron. All hype and no profits
    Feb 410
    • Microsoft BiIlyG
      Did you even read the article? They posted over 200 million in profit lol
      Feb 4
    • Pinterest Jef Weiner
      Why do you think he/she is in lending club ?
      Feb 4
    • Uber spot46
      200 million revenue lol
      Feb 4
    • Microsoft BiIlyG
      They have 900 million cash. 200 million revenue* so It's clear that OP is wrong about "no profits"
      Feb 4
    • Bain & Company / Eng
      DwFj56

      Bain & CompanyEng

      PRE
      Zenefits, ycombinator
      DwFj56more
      Revenue != profit...?
      Feb 4
    • Houzz newBie21
      In their entire history they’ve raised about 1 billion and have 900 million in hand. So they don’t have high losses, and they’re also projected to be cash flow positive which is good
      Feb 4
    • PayPal gjkk73
      My homemaker MOM could make a profit out of slack ... given the amount they charge per employee and the lower tech surface area they cover and maintain
      Feb 4
    • Microsoft BiIlyG
      Yeah revenue isn't the same as profit, thanks for pointing out what I corrected. Yet you still ignore that they have money and have positive revenue. Their operating costs surely couldn't be that high that they're losing money.
      Feb 4
    • Gusto gsto
      What would negative revenue even mean lol?
      Feb 4
    • Microsoft Ogxlyzlyz
      Blue apron is not an appropriate analogy. For slack to scale and sell more there is very little operational investment required. Therefore, for every new customer it's almost pure profit - the model of SaaS. They can also acquire new customers by offering the service for free for a period of time, again at little cost to them. blue apron, on the other hand has to spend significant costs for every new customer. The businesses don't scale the same so it's not fair to compare then to each other from a startup/valuation perspective
      Feb 5
  • New tLFu71
    I don’t get the obsession over slack. Webex teams seems way better imo.
    Feb 49
    • Oracle xPNo42
      This dweeb works for WebEx
      Feb 4
    • Wish tcapmi
      Lol. WebEx is the most utter garbage software I've ever used for communication.
      Feb 4
    • New tLFu71
      Webex is better than all the other trash on the market. Skype? Zoom? Slack? Get real.
      Feb 4
    • Slack / Eng
      ANu$tart

      SlackEng

      BIO
      It me
      ANu$tartmore
      🙄
      Feb 4
    • Stripe gill_bates
      Lol, webex, do you guys pay companies to use it?
      Feb 4
    • Uber / Engfudhbe47
      Now, this is funny LOL
      Feb 4
    • Airbnb 0x00000000
      😂😂😂
      Feb 4
    • PayPal gjkk73
      > Lol. WebEx is the most utter garbage software I've ever used for communication.

      It’s owned by Cisco .... the ultimate ‘slack’fest .... what did you expect 😂
      Feb 4
    • New h7xh4
      troll post of 2019
      Feb 5
  • Amazon Truthtable
    Slack is hyped and most companies are like eat your own dog food.
    Feb 45
    • There is no innovative product. It's a chat room system. The only thing slightly novel about it is that it proved company chatrooms are very useful
      Feb 4
    • PayPal gjkk73
      > There is no innovative product

      Innovation is overrated and UX is underrated
      Feb 4
    • Atlassian / Eng
      Luffy, M.D

      AtlassianEng

      PRE
      Facebook
      BIO
      A prematurely grumpy somewhat old man
      Luffy, M.Dmore
      Chat rooms /with working search/ and yeah, UX is underrated.
      Feb 4
    • Intel / Engcudl30
      what is UX ?
      Feb 5
    • Atlassian / Eng
      Luffy, M.D

      AtlassianEng

      PRE
      Facebook
      BIO
      A prematurely grumpy somewhat old man
      Luffy, M.Dmore
      User Experience. Fancy way of saying the UI actually works
      Feb 6
  • Oracle olamaula
    in the long run slack will be to collaboration what LinkedIn is to recruiting.
    Feb 44
    • Microsoft y83j
      Nope. That’s too key of a space for the big dogs to not try to take over, whereas LinkedIn doesn’t have any big competitors.

      Microsoft Teams will beat Slack in a few years - fastest growing product in Microsoft history.
      Feb 4
    • Oracle olamaula
      Microsoft products including Skype and many others are shitty at best and that includes the OS the browser etc
      Feb 4
    • Microsoft y83j
      That’s old MS. Look at growth now.
      Feb 5
    • PayPal gjkk73
      Doubt that .... chatting isn’t a winner takes it all niche ... multiple entities can exist and thrive
      Feb 5
  • Oracle / R&DlHEA77
    I read the headline and was like oh shit, slack is going to make all my private files public?? for a second
    Feb 40
  • Uber Saghoo
    Slack is just a corporate distraction. Constant Chat is not a productive means to get shit done.
    Feb 41
    • Tesla ffokcuf
      But it’s so much fun sometimes
      Feb 4
  • Apple zzrQ81
    What‘s the payout for a regular developer working at Slack once this goes through?

    TC??
    Feb 40
  • New / ProductProductM
    We moved on to MS Teams and apart from the occasional Office 365 downtimes, it’s made no difference to us. Hopefully Slack can continue to innovate, grow and differentiate itself from the competitors.

    Although not bad, would hate to be in a position to have to use only teams in the future.
    Feb 47
    • PayPal gjkk73
      Sorry, this is purely a cost cutting move from your company and you probably just played along trying to pretend everything was fine and dandy .... if that happened here, there would be riots ...
      Feb 4
    • PayPal gjkk73
      But we are moving away from box to OneDrive since onedrive is already part of our office 365 subscription ....
      Feb 4
    • PayPal gjkk73
      And the UX for occasionally used apps like storage is interchangeable
      Feb 4
    • New / ProductProductM
      I would’ve hated it, if the new experience was bad but it was not. Now, If they asked us to move away from teams to a chat service that does not offer any of the services as teams/slack, that would be a bad move. In this case, whatever the intention was I.e cost cutting or otherwise, it was easy to switch.

      I think Slack should seriously be worried about threat from new entrants in this space. I’m sure they’re aware and I’m guessing they know that their market share is higher right now, hence the IPO.
      Feb 4
    • PayPal gjkk73
      Maybe going to IPO is one of the steps in their strategy
      Feb 4
    • PayPal gjkk73
      Also, I just took a look at Teams again and the UX is subpar ... the interface is confusing and trying to do a lot of things for what should be a straightforward app
      Feb 4
    • New / ProductProductM
      Agreed that coming from Slack, the UI is not as impressive but for someone starting off on teams, it shouldn’t matter as user-onboarding challenges are the same for both. It’s a new tool that you have to get used to.
      Feb 4
  • OnDeck GPgj02
    Now watch all those happy employees become sadder and sadder and then leave. Being an employee of a public company sucks
    Feb 43
    • Square / EngSQ
      Know what sucks more? Being paid less than 1/2 of a public company.

      Yeah I'll take being able to afford a house and retire early for 600, Alex
      Feb 4
    • Tesla ffokcuf
      Everyone will move a different startup.
      Feb 4
    • Twitter zUwB37
      In what way does getting paid in RSUs that are as ~good as cash suck?
      Feb 5
  • Qualtrics MYOL
    $10b valuation on $221m revenue?! That's an insane multiple. How do that justify that?
    Feb 42
  • Amazon / EngRedishCard
    Dude they just get bought by atlassian?
    Feb 42
    • Atlassian / OpsYeIi10
      Nope. Atlassian sold them some IP for Hipchat and Stride. Slack is still an independent entity, for now.
      Feb 4
    • Atlassian / Eng
      Luffy, M.D

      AtlassianEng

      PRE
      Facebook
      BIO
      A prematurely grumpy somewhat old man
      Luffy, M.Dmore
      The public coms indicated we took an equity stake in them. https://www.atlassian.com/blog/announcements/new-atlassian-slack-partnership

      No idea if it's a big enough one to have any influence there or if it will show up on either our quarterly reports or in their prospectus
      Feb 4
  • Splunk hbeP16
    They have nice emojis. Half my time on chat is wasted trying to find the appropriate emoji. Some mind reading / machine learning/ deep learning feature for predicting emoji would be nice 🧐
    Feb 41
    • Quantcast JDYl47
      That’s why they’re raising money
      Feb 4
  • New PnxP48
    Why are they making my files public?!
    Feb 41
  • Slack / Eng
    namelessyo

    SlackEng

    BIO
    Looking women Chinese speakers for lunch in SF
    namelessyomore
    200m revenue is reported a year ago in Jan2018
    Feb 44
    • Square / EngSQ
      So probably 320m, still not seeing the value.
      Feb 4
    • Netskope q74!
      ^ where is that number ?
      Feb 5
    • Square / EngSQ
      Assuming a nominal 60% YoY growth
      Feb 5
    • Slack / Product
      m@uric3

      SlackProduct

      PRE
      Facebook
      m@uric3more
      Assume a little more.
      There was a public article somewhere guesstimating 400m 😉
      Feb 5
  • Dropbox
    🍣 🍣 🍣 🍣 🍣

    Dropbox

    PRE
    Dropbox
    🍣 🍣 🍣 🍣 🍣more
    Huh I was expecting more than 200 million revenue. I see way more people/companies using slack than dropbox but somehow we generate 6x more revenue than them.
    Feb 43
    • PayPal gjkk73
      Dropbox has a huge customer base ... photographers etc .... while slack payers are mostly enterprises... outside tech savvy companies, employers usually default to skype/Hangouts ...

      I actually can’t imagine how you make so much money from an overpriced product ... and especially with onedrive and drive in competition .... your founder was a smart guy when he did the blitzkreig marketing early on in the life of the product otherwise you wouldn’t be where you are
      Feb 4
    • Box > Dropbox. At least for enterprise. I think Slack will do just fine.
      Feb 4
    • Twitter Wicky
      Right, cuz there’s tens of millions of photographers out there using Dropbox daily 🙄
      Feb 4
  • Amazon MiaKalifa
    This will be massive
    Feb 41
  • Medidata Solutions chocopar
    The last two companies I worked at depended on Slack as the backbone of our communication. It basically replaced email. I think the Slack will do well.
    Feb 150
  • Oracle nBeN41
    That’s why the new logo
    Feb 40
  • DoorDash xPUT88
    Ms will buy it
    Feb 44
    • Enlighted PFTe21
      They already have Skype..
      Feb 4
    • PayPal gjkk73
      Unlikely .... there must be a huge inter-lap between their clients .... many enterprises who use office would use slack .... not a lot of point buying slack .... they could instead push teams onto their existing clients
      Feb 4
    • PayPal gjkk73
      MS foolishly overpaid for Skype because of its “social potential”
      Feb 4
    • Microsoft / Product
      Brazuka

      MicrosoftProduct

      PRE
      Bain & Company
      Brazukamore
      No way MS will buy slack. They considered few years ago but Gates ordered to build Teams instead. With has been somewhat successful defense from slack.
      Feb 4
  • Oscar 🐨koala
    My own startup should fly IPO in 3 years!!!
    Feb 42
    • Expedia GKO2
      We've all heard that before
      Feb 4
    • Oscar 🐨koala
      Not Oscar! Me! Lol
      Feb 4
  • Amazon pvKh16
    Chime
    Feb 41
  • New / Opsdrrckcnnr
    We use Jabber and it sucks!
    Feb 40
  • eBay YAgV34
    Ok i would never buy their shares
    Feb 42
    • PayPal gjkk73
      You don’t really make good profits in the market do you now ?
      Feb 4
    • PayPal
      outOfBound

      PayPal

      PRE
      Yahoo, eBay
      BIO
      Who cares
      outOfBoundmore
      I see ebay and paypal bros fighting! We are brother from the sam mother
      Feb 6
  • Uber Guiliani
    Are they profitable? What does the ROCE and revenue growth rate looks like for the last few years ?
    Feb 41
    • Tesla ffokcuf
      They’re. I doesn’t take a lot of manpower and money to support a messenger.
      Their revenue is more than 200million
      Feb 4
  • VMware / Mgmt
    smurfed

    VMwareMgmt

    PRE
    Google
    smurfedmore
    Oh shit. Don't say anything about the logo or you get flagged. Oops!
    Feb 41
    • Slack / Eng
      ANu$tart

      SlackEng

      BIO
      It me
      ANu$tartmore
      The new logo looks like a...
      Feb 4
  • Intuit emYP64
    What price would slack open with?
    Feb 70
  • CGI Crazao
    Amazon was looking at buying slack
    Feb 40
  • Twitter Numpy
    They lost their CPO recently - concerned about the signal that sends esp right before an IPO
    Feb 100
  • My startup uses it. Frankly, I am just fine with email and some way to post docs, so I can share links (i.e. Confluence). This may be a perfect tool for a remote team, but if you are in the office at least weekly, I don't see a great appeal to business v.s. above .
    Feb 100
  • Paychex moto321
    Look
    Feb 50
  • Honeywell / Engthat1guy
    What’s stopping another company from copying the interface one to one
    Feb 50
  • Microsoft yoNr54
    Time to short😬
    Feb 40
  • Can I use robinhood to buy their stocks and when will they be available for purchase?
    Feb 40
  • Tesla ffokcuf
    They are rich now.
    Feb 40
  • Twilio EhxB33
    Good for them!
    Feb 40
  • Enlighted PFTe21
    Ehhhh
    Feb 40
  • Walmart.com ToKL28
    💰💰💰💰💰
    Feb 40
  • Square / EngSQ
    10 billion LUL
    Feb 40
  • Flagged by the community.

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