Slack has confidentially filed to go public

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Bust out your favorite party parrot: Slack has completed its first official step in the road to going public.

Slack published a blog post Monday stating that it had “confidentially submitted a draft registration statement” with the Securities and Exchange Commission (SEC). This is a form that essentially lets the SEC begin reviewing the company’s financials in advance of a stock listing. Slack has chosen to do so confidentially, which means it’s not giving just anyone a peek under its financial hood.

Slack has raised over $1 billion since its founding in 2013, according to the Wall Street Journal, and some estimate that the valuation could go for up to $7 billion. Read more…

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TechCrunch Conversations: Direct listings

Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply sold existing shares held by insiders, employees and investors directly to the market – bypassing the roadshow process and avoiding at least some of Wall […]

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Startups Weekly: Squad’s screen-shares and Slack’s swastika

We’re three weeks into January. We’ve recovered from our CES hangover and, hopefully, from the CES flu. We’ve started writing the correct year, 2019, not 2018. Venture capitalists have gone full steam ahead with fundraising efforts, several startups have closed multi-hundred million dollar rounds, a virtual influencer raised equity funding and yet, all anyone wants to talk […]

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More scooter dollars, Slack’s revenue projections, and the IPO traffic jam

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We’re back! After what I think was our first-ever break, Kate Clark and I sat down to dig into the latest startup venture news. There was a lot. We had to skip a few rounds to squeeze the […]

View More More scooter dollars, Slack’s revenue projections, and the IPO traffic jam

More scooter dollars, Slack’s revenue projections, and the IPO traffic jam

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We’re back! After what I think was our first-ever break, Kate Clark and I sat down to dig into the latest startup venture news. There was a lot. We had to skip a few rounds to squeeze the […]

View More More scooter dollars, Slack’s revenue projections, and the IPO traffic jam

Slack has a new logo and it’s … fine

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New year, new Slack.

The popular workplace chat app redesigned its logo, ditching the hashtag symbol and replacing it with, well, whatever this is.

Slack's new logo.

Slack’s new logo.

Image: slack

The new design is rolling out now on all the service’s platforms. The company says it will also be redesigning other elements of its website, marketing materials, and “some places in the product” in the coming months to align with the new design.

While Slack’s previous hashtag-shaped logo was an iconic part of the brand, it “was also extremely easy to get wrong,” according to the company. 

“It was 11 different colors—and if placed on any color other than white, or at the wrong angle (instead of the precisely prescribed 18º rotation), or with the colors tweaked wrong, it looked terrible. It pained us,” Slack explained in a blog post. This resulted in the company using several different variations of its logo — its app icon totally ditched the hashtag symbol altogether, for example.  Read more…

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5 unicorns that will probably go public in 2019 (besides Uber and Lyft)

Five unicorn IPOs we can expect to witness in the year ahead that no one’s talking about.

View More 5 unicorns that will probably go public in 2019 (besides Uber and Lyft)

Slack apologized for its misguided account bans, has reactivated closed accounts

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The banned Slack accounts are coming back.

On Friday evening, Slack issued a mea culpa for what some were calling “discriminatory” account bans, made in an effort to comply with U.S. economic sanctions.

“We acknowledge that we made several mistakes here,” Slack wrote in a blog post. “Our attempts to comply with these regulations were not well-implemented. In our communications, we did not treat our customers and other users with the respect they deserve.”

We made some mistakes this week when implementing updates to our U.S. trade embargoes and economic sanctions regulations compliance program. We’d like to offer an apology and an update on our course of action. You can read more here: https://t.co/Inscg9DzM1

— Slack (@SlackHQ) December 22, 2018 Read more…

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Slack says it will comply with sanctions and block Iran-based activity, apologizes for botched first effort

Slack has apologized after it shut down the accounts of users who have visited Iran following a poorly executed effort at complying with U.S. sanctions against the country. The company, which has eight million users of its productivity tool, has scrapped that first go at the policy. But it did confirm it will now block […]

View More Slack says it will comply with sanctions and block Iran-based activity, apologizes for botched first effort