Slack Said to Draw Interest from Amazon
Selling Slack seems like a mistake. It's so ubiquitous. I'd be interested in buying stock in Slack if they IPO.Snapchat was in a similar situation, and four or so years ago when they turned down Zuck's ~$5B offer everyone was saying what a silly mistake it was not to sell. How could Snapchat possibly make money? And think of all the disheartened employees whose shares would've been worth something.Turns out there's a market for ubiquitous software. Slack seems similar.Another datapoint: Look how well the acquisition of Oculus turned out. Palmer now has money, which would've come eventually. He no longer controls Oculus, and hence can't impact the world. And in a twist of fate, Palmer has attracted public annoyance due to some political decisions, so he went from favorite underdog to just another wealthy person.For ambitious people, this can sometimes be a worse fate than not being rich. Ideas require opportunity and timing, and opportunities like Oculus, Snapchat, and Slack are rare.$9B is nice. But are you sure you wouldn't rather affect the world?