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Old 11.11.2020, 16:34
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Phil_MCR Phil_MCR is offline
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Re: Should I buy a home or invest? I just reached 200k in savings and they are sittin

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My wife suggested Slack at IPO, thinking it is another Zoom. I read about origins of the company and in 20 minutes knew it is a bail out for original investors. Luck has nothing to do with it. If you have read that original founder failed at video game and built Slack on software leftover of that video game to bail out himself and his original investor in that dumb video venture you would have steered clear too.
There is no hindsight involved, You invest in the best in class when they IPO. How much insight one needs to conclude : Visa or GS or UPS is going public....Should I invest? Will their business model fail?
Slack is a decent product but they have a tough competitor in Microsoft and for this kind of application, the huge microsoft machinery/channel counts for a lot.
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