Asana raises $50M at a $1.5B valuation
I've used Asana in a couple of projects and actually like it for its simplicity and ease of doing things like copy pasting multi line issues from a spreadsheet, text file, or chat; easy editing with multi select; and similar features that make the product feel more similar to a spreadsheet than an annoying issue tracker where every click results in modal dialogs with OK buttons and other cruft. I hate stuff like Jira with a passion and it doesn't do anything for me that I 1) need 2) Asana does not do in a way that is more convenient.That being said, it's not 1.5B dollars cool and that kind of multi billion valuation creates unrealistic expectations that cannot possibly be fulfilled by staying humble and focusing on just what Asana does best. So, this kind of investment smells like a kiss of death. I fear the worst here in terms of layering on features nobody wanted, and attempts to make the product more appealing for the masses, etc. Is this going to be an actual IPO or a lazy acquihire by some company in need of an issue tracker?