Congrats to them. I used to be an avid user (loved the way some integrations could help productivity), but since then moved on to Discord, which feels superior in every aspect, especially since it's free.
I'm not sure how I feel about the valuation. I'd like to see how the user base, especially the ratio of paying users, has been growing. It feels likely that most of the companies that would have been easy to convert have already been converted. I expect CAC to go up and payer conversion to stagnate at best. I don't see how they can 2-3x their revenue this year (unless there are drastic, risky changes).
In addition, the slow iterations on the mobile and desktop clients, and the meteoric rise of Discord are enough cause for concern. I don't see how this investment would have legs.
I'm not sure how I feel about the valuation. I'd like to see how the user base, especially the ratio of paying users, has been growing. It feels likely that most of the companies that would have been easy to convert have already been converted. I expect CAC to go up and payer conversion to stagnate at best. I don't see how they can 2-3x their revenue this year (unless there are drastic, risky changes).
In addition, the slow iterations on the mobile and desktop clients, and the meteoric rise of Discord are enough cause for concern. I don't see how this investment would have legs.