Slack wants to be the new operating system for teams, something it has made clear on more than one occasion, including in its recent S-1 filing. To accomplish that goal, it put together an in-house $80 millionventure fund in 2015 to invest in third-party developers building on top of its platform.
Troops is the latest to land additional capital from the enterprise giant. The New York-based startup helps sales teams communicate with a customer relationship management tool plugged directly into Slack. In short, it automates routine sales management activities and creates visibility into important deals through integrations with employee emails and Salesforce.
Let’s rewind a decade. It’s 2009. Vancouver, Canada.
Stewart Butterfield, known already for his part in building Flickr, a photo-sharing service acquired by Yahoo in 2005, decided to try his hand — again — at building a game. Flickr had been a failed attempt at a game called Game Neverending followed by a big pivot. This time, Butterfield would make it work.
To make his dreams a reality, he joined forces with Flickr’s original chief software architect Cal Henderson, as well as former Flickr employees Eric Costello and Serguei Mourachov, who like himself, had served some time at Yahoo after the acquisition. Together, they would build Tiny Speck, the company behind an artful, non-combat massively multiplayer online game.
Years later, Butterfield would pull off a pivot more massive than his last. Slack, born from the ashes of his fantastical game, would lead a shift toward online productivity tools that fundamentally
Think of a security team, and your image is of a beleaguered goalie trying to prevent the latest hacker from getting their hands on customer data or other valuable intellectual property. But coming directly from a Chief Security Officer job …
In this conversation, which you can also find on the a16z YouTube channel, a16z Enterprise Deal Partner Jad Naous talks with Operating Partner Frank Chen about how decision-making is changing across organizations of all sizes and types, and how …
Chrysalix Venture Capital has closed the first part of its new Industry 4.0 fund, which will target startups focused on more energy-efficient production. The Chrysalix RoboValley Fund will be on the hunt for startups in areas such as industrial 3D printing, robotics, artificial intelligence, and internet of things (IoT) that are seeking to reinvent…Read More
In everything from AI to scan for diseases and cancers to blockchain to provide global health care for patients, today’s emerging technologies are making a real difference in medicine. To further that trend, BlueOcean Ventures ll announced the launch of SwissVCToken, a security token offering (STO) platform dedicated to the sale of its BOV To…Read More
Building a big business is a long journey, and inevitably there are some serious low periods mixed in with the highs. When Marc and Ben first met David Ulevitch in 2009, his company OpenDNS was in one of those low …
Emplify, a two-year-old software startup that helps companies track employee satisfaction more consistently, announced today that it has raised a $7.5 million round of financing. The round was led by the growth equity arm of New Jersey’s Edison Partners. A pair of Midwestern VC firms — Indiana’s Allos Ventures, Missouri’s Cu…Read More
GUEST: By now you’ve likely seen this week’s The Economist cover story titled “Peak Valley,” which features quotes from Claire Haidar. She is CEO of WNDYR, an Intelis Capital portfolio company. The article highlights outrageous costs of living, poor local government, and high operating costs as the catalysts behind an impend…Read More
Norwest Venture Partners interviewed a bunch of private company CEOs and founders, getting a glimpse into their worries, which include fear of failure, feeling unqualified, and hiring the wrong people. The multi-stage investment firm, which manages $7.5 billion in capital and has invested in 600 companies, released its 2018 CEO Journey study today.…Read More
Glasswing Ventures, an early-stage venture capital firm based in Boston, Massachusetts, announced that it has raised $112 million for an AI-focused fund it claims is the largest of its kind on the East Coast. The capital — which was raised over the course of 18 months from a mix of pension funds, family offices, and foundation and university…Read More
SPONSORED: Less than ten years ago, digital health – called “Health Care IT” at the time – was barely a blip on the entrepreneurial radar. But the sector is maturing, and the amount of money invested and the number of deals made is mounting. The first half of 2017 was record setting, with $3.5B invested in 188 digital health companies.…Read More