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30 billion dollars is so unbelievably high for such a basic thing, that it makes me think some kind of money laundering is going on. Meanwhile, the most advanc
by fartcannon 5y ago
30 billion dollars is so unbelievably high for such a basic thing, that it makes me think some kind of money laundering is going on.
Meanwhile, the most advanced robotics company on earth got sold for less than 1 billion.
My mind boggles.
- ascorbic 5y agoIt's a basic thing with getting on for $1bn in ARR. It's also a platform for hundreds of apps and integrations.
- cvhashim 5y agoHype-based valuation?
- normac2 5y agoIt's almost all economies of scale and "rich get richer" type effects, much like the big social networks. You make something that catches on (in Slack's case it really did have an edge on the existing stuff) and from then on you've got your loyal user base for whom it would be too much of a project to move to another thing. Slack is a great product, but at the end of the day it's a mildly more convenient way of doing stuff that you could do in 2002 with IRC and email. And Mattermost is a pretty good FOSS substitute. (This isn't counting audio and video calls, but those have been pretty good since around the time of Google Hangouts, long before Slack had audio/video.)
- muglug 5y agoMost of Boston Robotics' products are at least a decade away from being cheaper than humans for anything but the most trivial of tasks. BR requires a lot more investment before they can become a worthwhile purchase.
- thehappypm 5y agoIt's really that the number of customers of these types of things is astronomical. Basically any business in the world might use Slack. And many, many do, especially high-value Western businesses. Boston Dynamics is great but who is buying robots? People spend more money on their electric bills than on iPhones.