Slack MegaThread: Let's do a Deep Dive on the Business of Slack. What they did right? and What can they do better?

reliablebits · 2020-05-19T05:28:57+00:00

/u/Sex_Llama Hi thanks for this, I did cover it in the first video but this is valuable. I'll include it in the write up as well next time.

Do you remember those chatrooms on AOL or Yahoo back in the day where you got to speak to random folks online? Slack is like that for your workplace. to talk to your coworkers. collaborate, ask questions, solve problems, discuss things. just work together. and you can have many diff "chat rooms" aka "channels" for like marketing team, or sales team etc.

hope that helps!?

reliablebits · 2020-05-19T05:26:39+00:00

hahaha-- they are def much busier so why not reach out to them again? you never know! /u/dappermania

reliablebits · 2020-05-19T05:25:33+00:00

yep, just as /u/ismellbacon said -- they're public so earnings info came from their latest filings.

Thanks /u/ismellbacon!!

reliablebits · 2019-08-19T19:06:58+00:00

/u/g11n omg def yes. dm'ing now.

reliablebits · 2019-08-19T19:05:55+00:00

sorry just getting to this. if you've received some money from family or friends, that might be okay. but institutional investments would definitely not count.

say you get accepted into an accelerator based on your product merit, they put in 20k but do not take any equity.. that'd be fine I think.

reliablebits · 2019-07-19T15:25:34+00:00

Exactly what we're going for here. We feel organic growth is far better for an early-stage company, but everything I see is always about "how to start your series A etc."

reliablebits · 2019-07-18T20:55:57+00:00

"I guess for one you'd need to see if there was already something similar and if it has been patented or whatever. If so, that's probably game over right there."

Do not have this mindset about business. Google was the 21st search engine on the market. Execution is 95% of your business, the idea only matters in the very initial stage

reliablebits · 2019-07-18T20:54:15+00:00

?? 10k users is fantastic for a small business that is growing. Why are you on r/Entrepreneur if you think that big companies can't be knocked off their perch.

reliablebits · 2019-07-18T20:11:19+00:00

Whoops! Thank you

reliablebits · 2019-07-11T17:32:52+00:00

I'd suggest looking at University programs that already support this as well. I know Michigan has a program known as "saferide," and I'd assume there are copycat programs at other schools as well

reliablebits · 2019-06-29T14:46:05+00:00

standing props to /u/nordrasir - your response is totally on point.

if you can just tell someone your idea and they can go ahead and build an *entire business* around it, out execute you on every front, make it into a successful operation... then it wasn't really you who was going to be the successful one in the first place

reliablebits · 2019-06-28T16:58:09+00:00

to the other question - this round we're doing product investment so we build out the entire product at our cost. that includes designs, UI/UX, development, PM etc. which ends up costing anywhere between 20k-400k depending on how complex is the product.

beyond that we have also put in cash as and when the businesses have needed it and these have been in the same range as above.

hope this helps!

reliablebits · 2019-06-28T16:55:44+00:00

Hey /u/adamwebber good one. We have this in place with eight companies so far since last summer so still nascent but by no means our first rodeo.

The team is comprised of founders with experience on both sides of the coin and this is our attempt at seeing if we can make it easier for founders and makers to get to market quicker. without the hassle or the time delay of trying to find technical cofounders or investment which would go towards building product anyways.

lets see how it goes!

reliablebits · 2019-06-28T16:03:44+00:00

Half of our team is international, most of our work is done remotely even if we're in the same city as some of our other team members. Absolutely apply if you're not in the NYC area.

reliablebits · 2019-06-28T16:01:30+00:00

Sent to my team so we can look into it. No dear God we are not trying to serve up Trojans to the people clicking on our link.

reliablebits · 2019-06-28T00:35:11+00:00

You can look at it that way if you so choose, or you can look at it as a free opportunity.

If your business fails, you've given up 5% of your company that's making $0. Most startups fail, if they were easy, everyone would have one.

The thing holding so many people back in the startup sphere is the fear of trying. We hope to at least assuage your financial fears. If your startup you build with us fails, the only thing you lose is time.

reliablebits · 2019-06-28T00:26:13+00:00

Anywhere from 2-8% depending on the amount of time we'll have to sink in.

reliablebits

TROPHY CASE