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2min chapter
The Slack DPO
Acquired
The Difference Between a Direct Listing and an IPO
The IPO process was architected for a different era when venture capital was a cottage industry. Companies like Slack can raise billions of dollars in the private markets and kind of do have a global brand. They don't need to raise huge amounts of money. We should be clear, Slack is not profitable but does have 800 million of cash on the balance sheet.
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