Slack says it's going to replace email and is as necessary as electricity in its pitch to investors.
ahead of its pitch to investors. For the quarter ending April 30, Slack brought in revenue of $80.9 million, with a net loss of $26.3 million.
Stewart Butterfield, co-founder and CEO of Slack, made the case to investors that replacing email with Slack changes the way employees of a company communicate. He also pitched Slack as a software-focused company that believes the world is "only at the beginning" of its reliance on software. In that essence, Butterfield likened Slack as eventually becoming a utility, similar to the internet or electricity.
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