SLACK：自Salesforce以来最大的颠覆者（英文版）.pdfVIP

SLACK Biggest Disruptor Since Salesforce April 2019 Dealmakers in Technology Important disclosure at the back of this report. GP Bullhound LLP is authorised and regulated by the Financial Conduct Authority. GP Bullhound Inc. is a member of FINRA. GP Bullhound Fund IV SCSp is an investor in Slack. GP Bullhound is not or has not been engaged as an advisor to or received compensation from Slack SLACK PREVIEW BIGGEST DISRUPTOR SINCE SALESFORCE SLACK IS REINVENTING ENTERPRISE COLLABORATION ON PATH TO BECOMING A TECH TITAN POTENTIAL FOR $50BN+ VALUATION BY 2025 EXECUTIVE SUMMARY KEY HIGHLIGHTS » Reinventing Enterprise Collaboration. We believe Slack has the potential to become one of the most significant enterprise software companies globally, reshaping how white-collar workers collaborate, with similar impact on enterprises as Salesforce had in the early 2000s » Unprecedented Growth. Slack is one of the fastest growing SaaS companies to date, reaching $10M ARR in a few months, $100M in less than three years and $400M in less than five years1 » Large and Growing Market. We estimate the total enterprise productivity market at c. $230Bn today, and expect it to grow to $500Bn by 20242 ; Slack is targeting the collaboration space which currently accounts for c. 14% of the total addressable market » Unique Business Model. Slack exhibits a rare combination of highly recurring revenue and viral growth driven by bottom-up and top-down customer acquisition channels – taking the best of b