Both Zoom and Slack are good. If Zoom is a video tool at its core, then Slack's heart is in messaging. If you're looking for a place to consistently communicate with the rest of your team, Slack can give you that. It offers everything from group messaging with message threading to one-on-one conversations.
I might be wrong but I remember WORK's net dollar retention rate to be in the 110-120% range, not 140%. Also not sure if those net dollar retention rates already account for churn?
Going the direct listing route will continue to hurt them though. Spotify has been relatively contained in its growth as a result of going this route as well.
I think short-term, you might be right - less institutional support, relatively poor early performance. But as a retail investor looking for a good entry point, their direct listings might have been a gift. Over time, the stock will perform based on how the companies perform, and I'm bullish on Slack and Spotify long-term. Thankful for the chance to get in at lower prices than if both had popped on IPO and sustained those levels.
Both Zoom and Slack are good. If Zoom is a video tool at its core, then Slack's heart is in messaging. If you're looking for a place to consistently communicate with the rest of your team, Slack can give you that. It offers everything from group messaging with message threading to one-on-one conversations.
Thanks
Salesforce just read this and decided to buy Slack 🤑
I might be wrong but I remember WORK's net dollar retention rate to be in the 110-120% range, not 140%. Also not sure if those net dollar retention rates already account for churn?
Going the direct listing route will continue to hurt them though. Spotify has been relatively contained in its growth as a result of going this route as well.
Hey Poop, good point. Spotify is the other company I've written a bull case on recently actually and I didn't make the connection between the two. https://notboring.substack.com/p/per-my-last-e-mail-41
I think short-term, you might be right - less institutional support, relatively poor early performance. But as a retail investor looking for a good entry point, their direct listings might have been a gift. Over time, the stock will perform based on how the companies perform, and I'm bullish on Slack and Spotify long-term. Thankful for the chance to get in at lower prices than if both had popped on IPO and sustained those levels.
Curious what you think about CartaX: https://www.ft.com/content/d52b0487-b13c-4bae-bf27-770518ff083d