Slack is breaking through 'the wall'
Asymptotes are underrated dynamic for scaling a product. Slack Connect breaks through the wall and exhibits organic scaling.
Hi friends 👋🏻,
Its been a while since we met. Today’s post is a Screenshot Essay: All that's fit on a mobile screen. Faster for you.
Let’s get to it.
💨 Screenshot Essay: Slack is breaking through 'the wall'
🤟 Bonus section: Tidbits & commentary from Slack Q2’20 results
BragScore: A Framework to measure the ‘bragginess’ of call-to-actions
💨 Screenshot Essay
🤟 Bonus section
Overheard on Twitter: Slack Connect is a threat to ZenDesk or FreshDesk?
📈 Slack Q2’20 result snapshot:
Over 122,000 Paid Customers, up 28% year-over-year.
132% net dollar retention rate.
963 Paid Customers with greater than $100,000 in annual recurring revenue, up 49% year-over-year.
Over 41,000 Paid Customers using shared channels, up from over 32,000 at the end of last quarter.
Over 750,000 organizations on either a free or paid subscription plan, up from over 660,000 organizations at the end of last quarter.
Slack grew 50% in the Q2’20 quarter. Demand and customers are up across the board but Microsoft has a target on the company so will be interesting to see how this plays out over 2020.
Slack Connect(non-asymptotic product) could be the next organic growth driver
Slack QoQ Financials
120 minutes: Average minutes of active usage of Slack per day
10 hours: Average hours connected to Slack per day
41,000+: Shared channels between organisations to collaborate in a channel
2,200: Apps in Slack App directory
132%: Net dollar retention
49%: Customer baser > 100K revenue per quarter
89%: Gross margin
-8%: Operating margin
Slack Presentation
In closing
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Vishwanath 👋