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Slack Raises $80M Fund to Support Platform Strategy

• bootload 11y ago
  "The Slack Fund has invested in three companies so far, according to Mr. Butterfield: Small Winds, a stealth startup focused on work productivity co-founded by Ryan Block, a former editor of the tech blog Engadget; Xoxco Inc., which does business under the name Howdy and developed a project-management bot that asks people what they’re working on and distributes the answers; and Awesome, also in stealth, which automates work tasks such as running meetings. All these products are being integrated with Slack." Startups still seem to be the R&D for more mature software companies,[0] ones even as young as slack. [1] [0] "The test of any investment is the ratio of return to risk. Startups pass that test because although they're appallingly risky, the returns when they do succeed are so high." ~ "Startup equals growth: Deals" ~ http://paulgraham.com/growth.html http://paulgraham.com/growth.html [1] started in 2009.