On: Asana files to go public via direct listing

[runawaybottle]

So hold up, is this just project management software being listed on the stock exchange? Or are they offering like a suite of tools like Atlassian?

[adventured → runawaybottle]

Historically small technology companies would IPO. Dell went public and was worth only $85 million in 1988. The last 10-15 years is an abnormality where tech companies wait a long time to IPO.

Slack is just team communication software, trading with a $12 billion market cap.

Shopify is just a modern remake of Viaweb handling site building and shopping carts, trading for $56 billion.

Snap is just a chat app trading with a $26 billion market cap.

Twitter is just a micro blogging service trading with a $26 billion market cap.

Zoom Video is just a video conferencing software company trading for $20 billion.

And so on. It's obviously a very good time for Asana to go public.

[sireat → adventured]

Shopify being valued at $56 billion is insane. That is about 40 times their SALES in a mature market.

With others at least you can imagine some paradigm shift, same as with Tesla.

[toephu2 → runawaybottle]

Like how basketball is just throwing a ball through a hoop?

You can marginalize anything if you wanted to.