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

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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.

 

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