Thesis Overview
Slack (WORK)’s core business revolves around the idea that messaging will replace email as the day-to-day corporate communication tool. As venture investors, though the idea was quite ambitious, we think that Slack has executed its user acquisition and retention strategies very well by leveraging its great product.
One big issue we have with Slack is we think it would face some challenge to expand outside its core markets, which mainly consist of modern SMEs and enterprises. As a comparison, Microsoft with its competing product, Teams, would have an easier time to