Jason Lemkin, GP @ SaaStr
If Slack had remained independent and pursued AI aggressively, it would likely trade at $16–20B (Atlassian-like multiples) rather than the $27.7B Salesforce paid—a valuation driven by product strategy (one product vs. a bundle) and revenue type (per-seat vs. usage-based) in a market now repricing seat-based SaaS.
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Topics: Enterprise Software · Venture Capital & Startups
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