We’re in crazy land. No denying it
Slack is building a moat with every integration on their platform. Once they sign a customer, they only quit the contract when: 1. The customer decides IM at work is too distracting (unlikely), 2. The customer goes out of business, or 3. The customer switches to hipchat or MS Teams or some other internal service. HC, Teams and internal services won’t have the integration marketplace that makes slack valuable. They’re gonna have high retention rates, medium-high COCA and very high LTV.
What's COCA and LTV?
cost of customer acquisition and life time value
IPO is a way to raise capital, if a company was profitable it wouldn't need to ipo...
They didn’t raise additional money. They gave current shareholders liquidity event. No dilution whatsoever.
Gotta concede that Uber went public around some bad time.