Discord raises $150M, surpassing $2B valuation
I'm bearish on Discord. Unlike Slack, it targets a price-averse demographic and is attempting to enter spaces that are very saturated (Steam, Origin, Epic, Ubisoft are already crushing the digital distribution medium), so then it's basically an IRC replacement for gamers.<p>I understand Slack's valuation as it targets huge companies with up to decades-long contracts and has projected revenues > $1B for this year, but I just don't see Discord making money the same way. I use it daily with my friends, but none of us have Nitro (although the features are pretty neat). The only way I see it moving to profitability is doing targeted ads (which will significantly hinder user experience).<p>I see it going the way of Xfire[1].<p>[1] <a href="https://en.wikipedia.org/wiki/Xfire" rel="nofollow">https://en.wikipedia.org/wiki/Xfire</a>