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Slack did $400M in rev last year; 82% y/y growth
— Eric Jackson (@ericjackson) April 26, 2019
Wow. Accel owns 24 percent of Slack. That's huge.
— Eric Newcomer (@EricNewcomer) April 26, 2019
.@SlackHQ S-1 is out:
— ? (@Anthony) April 26, 2019
Revenue
2017 - $105.2 million
2018 - $220.5 million
2019 - $400.6 million
Incurred net losses
2017 - $146.9 million
2018 - $140.1 million
2019 - $138.9 million https://t.co/GtRCfoUAUT
https://t.co/6niAIFu9bY https://t.co/KoPymDx7O6
— Tren Griffin (@trengriffin) April 26, 2019
Slack have a 5 year, $50 million a year, minimum commitment with AWS running till 2023 https://t.co/4XZcSa6tZN
— Ant Stanley (@IamStan) April 26, 2019
The @SlackHQ IPO filing (SEC form S-1) shows off that dark-background icon I miss because it was so easy to recognize compared to all the white-background ones. https://t.co/CPhlKa3C4S pic.twitter.com/UELjT7SOz7
— Stephen Shankland (@stshank) April 26, 2019
88,000 paid customers, up 49% y/y
— Eric Jackson (@ericjackson) April 26, 2019
Financial pubs should compute a network effect somehow and also show multiples of that, or some formula of that and revenue. https://t.co/bYFXnfma9H
— Michael Mallin (@mmallin) April 26, 2019
yooooooooooooo good morning to the slack s-1 https://t.co/Bl0rEGlqv1
— Ellen Huet (@ellenhuet) April 26, 2019
Thought this meant Slack conversations, almost died on the spot https://t.co/E13Ilgc8QT
— Alexandra Ma (@AlexandraMa15) April 26, 2019
SEC filing screenshots are just awful to read on twitter mobile BUT
— Ellen Huet (@ellenhuet) April 26, 2019
Accel by far the largest shareholder in Slack, with 24%. yuge
then a16z at 13%, social capital, softbank. ceo @stewart has 9% pic.twitter.com/FeBH12YMsS
Approx 150% Net $$$ retention for @SlackHQ. Whew...now THAT is killer retention. https://t.co/i8dmZECx3g
— Brian Balfour (@bbalfour) April 26, 2019
So, wow, @Accel has a very large ownership percentage in @SlackHQ at 24%. If it goes public at valuation in line with Zoom, it's a greater than $4b position for them. Their second best investment since @facebook I believe.
— Rolfe Winkler (@RolfeWinkler) April 26, 2019
As Slack prepares to go public, the company is warning potential investors that it's a target for malicious attacks. https://t.co/OvUF2Z6AFx
— Motherboard (@motherboard) April 26, 2019
slack s-1 https://t.co/d9qlQ7aPwv
— alex (PVD) (@alex) April 26, 2019
This phrase appears 4 times in Slack's SEC filing, twice repeating. https://t.co/o6lsZjTYVx pic.twitter.com/kkTlxiSvW5
— Hamza Shaban (@hshaban) April 26, 2019
I'm guessing they'll start trading at a $15B market cap
— Eric Jackson (@ericjackson) April 26, 2019
10m DAUs, 88k paying organizations, $400m revenue 2018, still running net losses https://t.co/YJPotgWY6Q
— Tracy Chou ??? (@triketora) April 26, 2019
Using @Katie_Roof’s $500M annual rev figure (we’ll know more soon, but she’s :100: at what she does so we’ll lean on her # for now), that would give slack a revenue mult of nearly three dozen. Seems high? https://t.co/GELoi5t3Ep
— alex (PVD) (@alex) April 25, 2019
Slack spent almost all of its revenue on sales and marketing until FY17. What happened to freemium? (It got much better last 2yrs, I believe, bc LT contracts converted to revenue). https://t.co/w7C8cj25L1
— Eugene Kim (@eugenekim222) April 26, 2019
Slack chose a mildly annoying (and unusual for a software company?) way to define its fiscal years: FY 2019 ends Jan 31, 2019. So we are already in FY 2020! help, i feel old
— Ellen Huet (@ellenhuet) April 26, 2019
Clearly Slack has been able to set its costs where it wants, putting new revenue into increased marketing.
— Eric Newcomer (@EricNewcomer) April 26, 2019
Another testament to the difference leadership makes is how many attempted fast follows flopped under Ballmer from Zune to dare I say web search versus under Satya from Azure to Teams.
— Dare Obasanjo (@Carnage4Life) April 26, 2019
Great leaders drive superior performance from teams. Culture eats strategy for breakfast. https://t.co/WPxnB2hym6
Who uses Slack all the time to talk about sensitive projects? Journalists and activists. Who knows this? Nation state actors. https://t.co/7BrUWfmuEX
— Eva (@evacide) April 26, 2019
Slack annual revenue growth rates are big 110% and 82% in the past two years. Generated $400.6 million in revenue during the most recent fiscal year
— Eric Newcomer (@EricNewcomer) April 26, 2019
So maybe, Slack—and I’m just spitballing here—it’s time to enable end-to-end encryption…
— Greg Lipper (@theglipper) April 26, 2019
(via @geminiimatt) https://t.co/gOEljOUEYJ
Slack files to go public https://t.co/3rrJRSjctR pic.twitter.com/uwPToJbtFz
— Dan Primack (@danprimack) April 26, 2019
I guess one way to run online chat at a loss is to promise almost a quarter billion dollars to Amazon. " As of January 31, 2019, the Company had a remaining minimum payment obligation of $212.5 million to AWS through July 31, 2023"
— Pinboard (@Pinboard) April 26, 2019
when you just wanna lay low as a software engineer at Slack but you're called out by name in an SEC filing because your dad is on the board of directors pic.twitter.com/VxW1a822dB
— Ellen Huet (@ellenhuet) April 26, 2019
Slack's motto seems more on point than other startups'. But I'll defer to @eringriffith for the official judgment. pic.twitter.com/CpdHm5jTvD
— Rolfe Winkler (@RolfeWinkler) April 26, 2019
Slack publicly admits that it's a target of nation-state hackers. https://t.co/vWDzwUMYIT
— Lorenzo Franceschi-Bicchierai (@lorenzofb) April 26, 2019
If you are not a business reader/reporter, here’s how to read an IPO filing:
— Heidi N. Moore (@moorehn) April 26, 2019
1) scan the intro
2) go immediately to “risk factors”
3) look at compensation tables
You can practice on Slack’s S-1 filing now:
https://t.co/IYGJZVpx8V
Slack files to goes public via direct listing on NYSE https://t.co/gNxiLToyQZ by @natalienoell
— ZDNet (@ZDNet) April 26, 2019
Slack news:
— Taylor Soper (@Taylor_Soper) April 26, 2019
Slack calls out Microsoft as its ‘primary competitior’ in IPO filing in nod to rival’s collaboration toolshttps://t.co/8JgELtWoVG
Slack renegotiated its deal with Amazon Web Services in 2018, will spend at least $212M more through 2023https://t.co/5Ta4aIdtXP
Who uses Slack all the time to talk about sensitive projects? Journalists and activists. Who knows this? Nation state actors. https://t.co/7BrUWfmuEX
— Eva (@evacide) April 26, 2019
Slack publicly admits that it's a target of nation-state hackers. https://t.co/vWDzwUMYIT
— Lorenzo Franceschi-Bicchierai (@lorenzofb) April 26, 2019
Naturally, Slack is going to be a target because of its wide user base from all different industries. But still seeing Slack acknowledge it's a nation state target is worth keeping in mind https://t.co/bNj0rNCnxE
— Joseph Cox (@josephfcox) April 26, 2019
Running tens of thousands of private business (incl corporate) employee chats, makes for a high value target for cyberattacks. https://t.co/H2uwE3Yl1t pic.twitter.com/enFqmA6fxt
— Lukasz Olejnik (@lukOlejnik) April 26, 2019
Slack, NYSE에 직접 상장 https://t.co/TXSpj7Jt0U
— editoy (@editoy) April 27, 2019
Seriously, is anyone really surprised by this ?https://t.co/0pNYT2j5pM
— Benjamin Beurdouche (@beurdouche) April 26, 2019
This is why we are building Messaging Layer Security at the @IETF and @SlackHQ will be able to use it…https://t.co/ezZMWp9cxq
As Slack prepares to go public, the company is warning potential investors that it's a target for attacks from “sophisticated organized crime, nation-state, and nation-state supported actors,” according to an SEC filing. From @carolineha_ for @motherboard https://t.co/m5ZEaYNs4X
— Privacy Project (@PrivacyProject) April 27, 2019
Because of course it is...https://t.co/A8WuSGqUJr
— Jake Williams (@MalwareJake) April 26, 2019