Slack’s growth has been incredible, I love the product & I think they’re only just getting started with their integrations. I’m pretty excited about this!
Where do you seek them going Alex? What’s their monetisation route?
Unless I’ve misunderstood, isn’t Slack’s monetisation route their paid tiers of the Slack app?
There’ a free version of Slack with limited message history, etc. but business users pay Slack a monthly subscription per user, more often than not.
We just started using at work, like it so far.
Definitely going to buy some shares, wanted to buy TEAM but forgot, not this time.
Although MS is copying Slack features, once someone starts using they are locked in with all the history.
People briefed on the San Francisco-based company’s strategy said it wants to give ordinary investors a chance to bet on its future growth
quote from the FT
Does that mean there’s zero chance of it appearing on Freetrade?
Shouldn’t affect being featured on Freetrade on day one. They just skip the book running and roadshow process. They don’t raise any money and shares just immediately become tradable at a matched price.
No revenue for underwriters like Goldman, JPM or Morgan. Boo hoo for them!
There’s a good story in the FT (paywall, sorry) about the ‘threat’ that Slack’s facing from Microsoft’s Teams app.
I’m not that surprised to see that Teams are now more popular than Slack - there’s just that many more large companies that use Microsoft products.
The question for me is whether Slack could still persuade those companies to switch & whether they need to - is there an opportunity for Slack to win over smaller companies & gain greater market share that way?
I’d also be curious to hear some feedback from anyone who’s used both tools. I find it hard to imagine that Microsoft has designed a product with a good enough user experience (UX) to rival Slack’s. But then again, this is a product that they’ve built from scratch relatively recently - presumably without too many legacy considerations to slow them down - so perhaps they have? Obviously UX isn’t as much of a deciding factor in corporations, as it is for consumer products but it’s pretty important for Slack in particular, as a lot of their growth has come from teams adopting the tool & then pushing their company to roll it out more widely..
Slack’s biggest issue is they have not build a good enough moat around their product.
Facebook Workplace is a bit like Yammer ( also Microsoft ) to me, I don’t see much traction, or push from Facebook. I’m surprised it’s not been dropped yet.
Microsoft needs to stop tinkering with Skype, as it gets frustrating but besides that Microsoft’s communication stack is very promising.
I’ve previously used both in corporate settings.
Teams has made great strides over the last couple of years, the direct integrations with OneDrive files / Outlook calendars make life significantly easier if you use a Microsoft stack already internally.
The thing that concerns me about Microsoft’s comms stack is the complexity. Skype and Skype for Business don’t talk to each other properly, let alone talking to Teams. I think Lync still lingers in the background too. They need to consolidate and simplify.
I think if you are using more non-Microsoft tools (Google Docs / Drive, Team City), Slack edges it. It also feels a little more ‘fun’, rather than ‘corporate’. I heard Stewart Butterfield recently comparing it to a multi-player game (which is where the company spawned from).
Me too. I really can’t see a significant share of companies moving to Facebook now, after all of the privacy concerns over the past year.
This. Them not doing that has always been the big stumbling block in my experience.
Does it ‘play nicely’ with Google Docs & software from other competing companies - maybe Slack has an advantage there, as a neutral platform?
This is definitely one of the big reasons I liked it so much, I was working for a company that only used Microsoft Office products & the difference was huge!
For corporates, it’s quite simple: Why pay twice when it is included in the Office 365 Enterprise package?
We have Office365 at work but no one liked Teams nor even tried. We also tried Skype business but it too didnt work. Its because our mail desktop OS is Linux. What I heard is Slack has very good customer support.
I think Ms and Slack both will share market.
Threat will be some opensource software, don’t know if there is one already.
There’s a few out there, the one that comes to mind first is Mattermost.
Developers can get a really decent setup, and forgo a lot of paid for services if they switch to Gitlab. Anecdotally I use Gitlab a lot, but for whatever reason haven’t switched out Slack for Mattermost, but then I still use Skype as it does somethings better than Slack.
There’s been lots of speculation that Slack’ll be acquired before they manage to IPO
I’m guessing a few Microsoft Teams users would be happy if they did