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This Week in Startups

Best of This Week in Startups: Week of November 30th, 2020

This Week in Startups

Jason Calacanis

Technology

4.41.3K Ratings

🗓️ 5 December 2020

⏱️ 16 minutes

🧾️ Download transcript

Summary

E1145 featuring Jason on the Slack acquisition: https://rb.gy/syqdgq

E1146 featuring LAUNCH Accelerator Cohort 19's top 3 vote-getting companies: https://rb.gy/wjfft8

E1147 featuring Saastr's Jason Lemkin: https://rb.gy/yltewx

E1148 featuring Apps Without Code's Tara Reed: https://rb.gy/21a6vd

Transcript

Click on a timestamp to play from that location

0:00.0

On episode 1145, Jason explains how Slack's product stagnation could have led them to sell to Salesforce.

0:11.0

Okay, everybody, it is an exciting day if you are a Slack shareholder or it might be disappointing because people

0:18.4

thought Slack was going to be this independent company that grew headwinds of

0:23.0

and maybe became worth hundreds of millions of dollars.

0:27.0

But it seems the company with the headwinds of

0:31.6

Microsoft Teams constantly blowing them back and the inability to grow really fast.

0:38.2

They seem to have put themselves in a position to be forced to be acquired by a larger company.

0:45.0

It's kind of a bummer, you know, I think that the company couldn't keep growing and then use its public stock to acquire other companies. And it does seem like there is some sort of a

0:54.7

product roadblock inside the company where they just couldn't get new features

0:58.6

out couldn't get new competitive products in market to get people excited.

1:03.6

They just did a good job of being solid, right?

1:08.7

And there was no real competitor except for Microsoft Teams to come out of this hip chat gave up and wound up selling to them.

1:15.2

So you have to wonder is there going to be a new chat enterprise software that emerges.

1:19.9

Now that sales force has bought this, I think you're going to see another round of people

1:23.6

looking and saying hmm maybe now is a good time to launch a competitor now you'd

1:27.8

say why would that be very simple when these big companies acquire them they get a

1:32.4

bunch of indigestion, right?

1:34.1

We talked about that like, can they acquire this without squashing it?

1:38.0

Can they acquire it and accelerate its growth as opposed to slow it down.

1:42.8

Who's going to run it?

1:43.8

Do you have somebody great?

1:44.8

Is Stewart going to stay with the company

...

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