Agree - that’s a total cop out. Whether or not they are a novelty product or creating a category is a separate issue and isn’t as important in this context once

Agree - that’s a total cop out. Whether or not they are a novelty product or creating a category is a separate issue and isn’t as important in this context once it’s clear that they have strong product market fit. What matters to the market now is that they are a subscription-based software business model not unlike thousands of other SaaS companies. It’s a very well understood space watched by investors who can compare what they are seeing to many other examples. Slack needs to adjust to life as a public company - how to set expectations, how to manage to those goals. In fairness they also were saddled with hugely inflated expectations before the media and some investors likely realized that they are just like a lot of other SaaS businesses.