Here's who will get rich from Slack's stock market debut

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social Capital

of $26 a share provided by the New York Stock Exchange on Wednesday, Accel's shares are worth about $3.1 billion.

That's a decade after the firm put $1.5 million into the seed round of a gaming company called Tiny Speck, which later morphed into Slack., Accel's Andrew Braccia 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.But the company we'd invested in was Tiny Speck, which produced the game, " Braccia, who's a Slack board member, told TechCrunch.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités