[6cd6beb]

Is this another one of those companies whose S1 says "We're not profitable and may never be"?

Why is that the right time to go public? Once the company has an obligation to move towards profitability, doesn't that expose its investors to the risk of another startup subsidizing the same product or service with VC money, undercutting the new established brand?

Like if slack wants to become profitable they probably need to push more people to the paid version of the app, but then won't another company just make a clone and convert some VC cash into a runway with which to poach slack's userbase, and eventually file an S1 saying "we're not profitable and may never be"?

I'm struggling to understand why this keeps working, because no one seems to have a problem with it at all.

[zknz]

Teams bundling will hold back wider adoption by the large co's who use office365. How will the userbase continue to grow?

[kortilla]

Has it occurred to you that some companies do become profitable?