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Fushman: Slack will become workplace productivity's primary operating system

Ilya Fushman · 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team · Sep 19, 2016 · at 22:53

Ilya Fushman, Partner at Index Ventures, explains Index's decision to participate in Slack's financing round.

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“Slack is one of the fastest growing companies, I think, that's been around, and it's poised to transform how people work and communicate, and build a true operating system and platform for productivity going forward.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Ilya Fushman

Assertion Not checkable as stated
Fushman: Dropbox conducted a major reorganization every six months while scaling
“And so, yeah, I think every six months we did a pretty significant reorg.”
Ilya Fushman Sep 19, 2016 ▶ 6:59 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Insight
Fushman: VCs giving operational advice must avoid being prescriptive
“It's dangerous to be prescriptive.”
Ilya Fushman Sep 19, 2016 ▶ 14:36 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Assertion Supported
Fushman: 70% of Dropbox users were located outside North America
“Dropbox had 70% of its users outside of North America, and the biggest chunk of those were in Europe”
Ilya Fushman Sep 19, 2016 ▶ 18:54 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Assertion Partly supported
Fushman: 30% to 40% of SaaS company revenue comes from Europe
“If you look at most SaaS companies, and really, I think, most companies that generate revenue, 30 to 40% of their revenue will come from Europe”
Ilya Fushman Sep 19, 2016 ▶ 18:54 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Insight
Fushman: Venture capital is like a swim team, not a soccer team
“But it's a sometimes lonely job. It's like being on a swim team and not a soccer team.”
Ilya Fushman Sep 19, 2016 ▶ 19:57 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
Insight
Fushman: Scaling requires turning implicit leader knowledge into documented processes
“As you scale, you need to start investing a lot more in communication and transferring the knowledge that's in your heads and verbalizing it and putting it in some kind of processes for everybody else.”
Ilya Fushman Sep 19, 2016 ▶ 6:30 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team
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