I was surprised after looking at Slack I’m actually put off by them as an investment. It’s just too much cash burn to get where want to be market place wise. Similar to Uber getting market share, but with a product that can be shifted by a corporation way quicker.
Even in there last report they had a story how a customer trailed them with 10k employees, then 30k on Microsoft teams, before shifting the whole business to Slack. Which sounds a great success story but goes to show how easily these customers can move between the systems when there is a big enough reason.
Without heavy R&D investment into Slack, will it always have an edge over teams or any other new competitors?
I ended up being pessimistic and going with a sell. I was on the fence with a hold but honestly I would rather do something else with my capital that has greater confidence!
Not the outcome I expected when I started looking but that’s the joy of it all I guess!