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So hold up, is this just project management software being listed on the stock exchange? Or are they offering like a suite of tools like Atlassian?
by runawaybottle 7y ago
So hold up, is this just project management software being listed on the stock exchange? Or are they offering like a suite of tools like Atlassian?
- adventured 7y agoHistorically small technology companies would IPO. Dell went public and was worth only $85 million in 1988. The last 10-15 years is an abnormality where tech companies wait a long time to IPO. Slack is just team communication software, trading with a $12 billion market cap. Shopify is just a modern remake of Viaweb handling site building and shopping carts, trading for $56 billion. Snap is just a chat app trading with a $26 billion market cap. Twitter is just a micro blogging service trading with a $26 billion market cap. Zoom Video is just a video conferencing software company trading for $20 billion. And so on. It's obviously a very good time for Asana to go public.
- sireat 7y agoShopify being valued at $56 billion is insane. That is about 40 times their SALES in a mature market. With others at least you can imagine some paradigm shift, same as with Tesla.
- toephu2 7y agoLike how basketball is just throwing a ball through a hoop? You can marginalize anything if you wanted to.