![]() ![]() It requires deep thinking about “how to build things right” and extraordinary rationality (think about how you, as a leader, would justify the additional resources while your main product already consumes your team entirely). Building a product on the side later becoming a hit is no easy task, let alone having done it twice. Interestingly, during his first unsuccessful MMO game stint, one in-game feature later evolved into the popular photo-sharing website Flickr, which eventually bought by Yahoo!. Slack is not Butterfield’s first major business pivot. I think the users of these two are fundamentally different based on engagements, thus should be valued differently.įurthermore, I also believe Slack has potential to innovate and pivot, further creating value for stakeholders. Through channel checks, I found not a single Teams user enthusiastic about it (many use it as a rebranded “Lync”, or IM & conference call only, not even workflow integration), while most of Slack users are. Microsoft Teams did a decent job in copying it, but it cannot kill Slack. Thus, they decide to build an internal tool to get jobs better done with integration of all you need for work, which ultimately became Slack. When Butterfield and his early partners were busy with their second unsuccessful stint in building a MMO (massively multiplayer) game named Glitch, they were not satisfied with how they collaborate at work using existing tools. To understand what Slack really is, we need to go back to its birth. My thesis are: 1) Slack is a fundamentally unique tool creating substantially more value for users (albeit under-monetized) than competitors & 2) founder/CEO Stewart Butterfield is a mindful leader with proven track record of innovation and pivoting business. ![]() I have been tracking Slack since its private days and I think now is a good opportunity to buy. ![]() "We initiated a new position in Slack, who recently is under pressure from Microsoft Teams’ fierce competition. ![]()
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