We’re grateful for Stewart and excited for Lidiane as she takes over the reins at Slack.” Lidiane has a strong background in customer and enterprise tech and has been among Salesforce’s leadership for over three years.
The statement went on to discuss the succession plan: “Stewart also was instrumental in choosing Lidiane Jones as the next Slack CEO to lead it into its next chapter. He has helped lead the successful integration of Slack into Salesforce and today Slack is woven into the Salesforce Customer 360 platform,” the company said in a statement. “Stewart is an incredible leader who created an amazing, beloved company in Slack. The company also announced that Lidiane Jones, who has been the executive VP and GM for digital experiences clouds at Salesforce, would be taking over for Butterfield, leaving a succession plan that had apparently been lacking when Taylor surprised everyone by stepping down last week. TechCrunch has confirmed the news with Salesforce by email.
Business Insider first reported the news. Slack's price was ultimately determined by the designated market maker, based off a calculation of a figure where buy orders could be met with sell orders.Just days after Salesforce co-CEO Bret Taylor announced his resignation, Slack CEO Stewart Butterfield announced that he will be stepping down in January. When Spotify debuted in a similar fashion last year, its reference price was $132, but the stock opened at $165.90 the following day before closing at $149.01. The NYSE gave a reference price for Slack on Wednesday night of $26 a share. Andreessen Horowitz owns 13% (worth $2.6 billion at the open) and Social Capital controls 10% ($2 billion).īutterfield is the biggest individual shareholder, with an 8.4% stake ($1.6 billion), followed by co-founder and Chief Technology Officer Cal Henderson at 3.3% ($639 million). Unlike those high-profile IPOs, Slack chose to go public through a direct listing, meaning the company didn't raise fresh capital but is letting existing shareholders convert their shares into stock that can be traded.Īccel isn't the only Silicon Valley firm poised to get rich off Slack. Those are huge hauls, particularly for a firm that has traditionally raised sub-billion-dollar funds, and they account for two of the biggest venture returns of 2019, a year that's included the debuts of Uber and Lyft.
Who owns slack stock series#
In 2013, Accel led CrowdStrike's $30 million Series B financing round.
Who owns slack stock software#
Slack's direct listing comes just over a week after the IPO of security software company CrowdStrike, which counts Accel as its second-biggest shareholder, owning stock worth $2.6 billion. I told Stewart, 'If you want to continue to be an entrepreneur and build something, then I'm with you.'" "And the reason we invested in Tiny Speck was because we were investing in that team. "But the company we'd invested in was Tiny Speck, which produced the game," Braccia told TechCrunch. He said he talked to Slack co-founder Stewart Butterfield at the time of the pivot about whether the company should return the money now that the gaming idea was clearly a flop. The commonalities between those companies start and end with the drive, creativity and resilience of their founders and early team members."īraccia, who's a Slack board member, made similar comments in a 2015 interview with TechCrunch.
"Slack is a great reminder that the most interesting companies are often the ones whose courses aren't easily charted. "As investors it is easy to get lost in the complexities of product market fit or connecting a young company to an established category," Accel's Andrew Braccia wrote in a blog post Thursday. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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