Slack

“And they're basically losing like almost two hundred million dollars a year right now.”

“I imagine he may spend the next two years just staying on a CEO working on who's going to replace him so he can become chairman. Chances are that'll be someone from Salesforce walking in for like maybe some VP somewhere will end up running Slack in two or thre…”

“So my back of the paper calculation was that they just sold for 60 times a multiple of their revenue. Which is insane for SAS.”

“Slack says you're a workspace, Slack has communities, but they ignore the needs of community, community Slacks. They just focus on the paying customers.”

“We use Slack for communication, so I essentially don't message them. I basically leave everybody alone unless it's really urgent and I need to ask them something and it's blocking me from doing something.”

“I'm not a big fan of like pretending that you want to buy from somebody like in a one-to-one conversation. I think you should definitely download all their white papers and see how they follow up and do these type of things. But it's also important that you go…”

“Slack isn't very good at what they do. I can do it better.”

“Slack was promoting this like Twitter wall of praise that they had, but what they didn't promote was that there was a website where there were over 50,000 comments about why people hated Slack.”

“Because if you are in Slack, there is no private communication. There is only what happens inside of a space and the owner of the space owns your history. And even if you're having what you think is a private chat, they can export the entire history of all of …”

“And the way that I looked at Slack strategy was they're basically, Tying your hands and forcing you to give them five dollars per user per month in order to get access to your full history. As far as I'm concerned, that's a bad strategy because people are not …”

“Which was, you look at Slack, you look at teams, they built something that worked for them and everyone else has to use it that way, but it wasn't flexible and it was horribly it wasn't scalable. It was horrible at scale.”

“When you're doing a B to B SaaS like that, and we're trying to compete with Slack, so it's something that you need millions upon millions upon millions of dollars before you get to profit. You know, probably ten million dollars invested before you get profit o…”

“Well, that's one of the reasons why I started the company to compete with Slack because their whole pricing model was, hey, we're going to delete all of your chat history if you don't pay us five dollars per user per month.”

“Slack hate them. I hate them so much. I tried to build a competitor. I failed, unfortunately, but I tried to build a competitor because their business model was so bad. That they motivated people by fear and pain avoidance, which I hate.”