If interest rates stay low, any industry that shows a potential for rapid growth could be flooded with cash from investors desperate for higher returns. Lidiane Jones, currently an executive VP at parent company Salesforce, will succeed Butterfield as CEO. In an interview with The Verge, Butterfield has revealed that, inside Slack, the. But it's also possible that this is just the new normal. Slack co-founder and CEO Stewart Butterfield is leaving the company in January. Slack CEO Stewart Butterfield claimed earlier this month that Microsoft Teams isn’t a competitor to Slack. It's certainly possible that this will prove to be a bubble that pops in the next few years. The worse the returns on other investments get, the more willing investors become to take big risks in pursuit of higher returns. A slightly different example: In February, Jenn Tejada, who’s the CEO of PagerDuty, invited a bunch of other SaaS CEOs to her house for dinner. Silicon Valley is one of the few remaining bright spots. Inflation-adjusted interest rates have been declining for decades, a sign that businesses are finding it more and more difficult to invest available capital in things like factories or research and development in ways that will produce high returns. Rather, I think the increasingly favorable environment for fundraising in Silicon Valley is a reflection of broader macroeconomic trends. Silicon Valley companies are pioneering a lot of important innovations right now, but the same thing was true 10, 20, 30, and 40 years ago. Why do investors have a seemingly insatiable appetite for technology companies like Slack? In trying to answer this question, I think a lot of people focus too much on characteristics of the technology sector itself. It’s certainly the best time for late-stage start-ups to raise money from venture capitalists since this dynamic has been around. It might be the best time for any kind of business in any industry to raise money for all of history, like since the time of the ancient Egyptians. Customers noted that the new system, called Slack Slack Connect Direct Messages, could be used to send unsolicited DMs and. This is the best time to raise money ever. After a host of complaints, Slack made changes Wednesday afternoon. In an interview with the New York Times's Farhad Manjoo, Slack CEO Stewart Butterfield argued that this might be the best time in world history to raise money for a startup: The office communications app Slack is less than two years old, but the company behind it recently raised an incredible $160 million dollars in a deal that valued the company at $2.8 billion.
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