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Slack — Series A Be less busy.
The deck Stewart Butterfield showed to investors after pivoting from a failed game called Glitch. The pivot thesis: we built the messaging tool to make our own team faster, and it worked.
Slide breakdown — 9 slides 02 PROBLEM Email is a broadcast medium pretending to be a conversation. ↓
03 SOLUTION Real-time channels. Search everything. Integrations with everything. ↓
04 TRACTION 8,000 companies signed up in the first 24 hours of launch. ↓
05 BUSINESS MODEL Free forever for small teams. $7.25/user/month for search + history. ↓
06 MARKET The enterprise messaging market is $28B and mostly uncontested. ↓
07 COMPETITION The alternatives are all compromises. ↓
08 TEAM The team that built Flickr — and learned from a failed game. ↓
09 THE ASK $42M to win every tech company first, then every company. ↓