2 ms·
Best of luck to them. Written communication and digital communication in general is a wide open market. I think the Slacks, Discords, Gsuites of the world wil
by crsv 9y ago
Best of luck to them. Written communication and digital communication in general is a wide open market. I think the Slacks, Discords, Gsuites of the world will all be players in this market. Cracking large enterprise will be where the money is made, but you can't help but wonder if the growing vastness of service providers will introduce a certain race to the bottom effect. At a 66MM raise, they're probably valued somewhere around 350~450MM, so they'd need to roll in 115M ARR to be worthy of a 4X topline multiple of that valuation. That's a lot of growth required in a hyper competitive saturated market with a super dominant player that's not exactly planning to stop fighting. Interesting bet to take.