Find a Job You Really Want In
To get started, tell us where you'd like to work.
Sorry, we can't find that. Please try a different city or state.
Where Work Happens
The Slack app is the glue that holds companies and groups together. It is a SaaS instant messaging tool that is customizable to fit the specifications of your team’s internal communication needs. It has become a sort of a natural successor to email, as Slack offers daily active users a much quicker interaction.
Slack makes money a few different ways. First off, they have paid subscription plans. It is through the paid subscriptions that Slack generates the majority of its revenue. With more than 100,000 paid subscribers, the subscription money they get makes up around 40% of their annual revenue. That’s not a small amount. And because people are really seeing the value of Slack and what it can add to the efficiency of an organization, getting paid subscriptions is getting easier and easier for them. By using a “freemium business model,” Slack develops a consistent customer base with a great free product, and then once that user base understands the app enough to potentially feel limited by it, gets them to switch to the paid versions, which offer a wider range of capabilities.
This graphic illustrates the growth of Slack’s paid user base over the past three years:
Slack went public in June of 2019. Before that, Slack raised a whopping $1.4 billion through 10 rounds of funding from some top firms. Being publically traded has certainly helped the company, but the main source of revenue continues to be from that growing paid user base.
Slack was co-founded by Stewart Butterfield and Cal Henderson. Butterfield was the co-founder of the digital image sharing platform Flickr. Henderson was also a part of that Flickr team, leading the engineering through the Yahoo acquisition. They both have a history of building companies towards the public domain and that is exactly what they have done with Slack.
The main goal of Slack is to make complete collaboration easy and accessible — Organize, Track, Real-Time Communication. It does this by following 7 key features. These features are:
Whether you think that Slack is worth paying for is entirely down to the ways in which you use it. For someone who is using Slack solely to keep in touch with a group of friends, maybe for a Fantasy Football League, for example, probably wouldn’t find a paid subscription valuable, and would want to stick to the free plan. But someone who has 20+ employees across the world all working on the same project might find the ease of communication and efficiency that slack offers as invaluable.
There are four different versions of Slack subscriptions:
This graphic will paint a pretty good picture of what those services entail:
There are numerous cases of businesses using the free version while scaling their business and then realizing that it was necessary to upgrade. This is Slack’s goal. To provide the tools to get started while also providing the communication tools to keep building.
If you want to unlock bigger possibilities within Slack, this is how much it’ll cost you. For the standard subscription, which is touted for small and medium-sized businesses, you will pay $6.67 per person using the app on your account.
If your business is a little larger, and you need some of those admin tools, then you may want to go with the Plus subscription. This subscription is $12.50 per person using Slack on the account. That is the price if you pay for a yearly subscription. If you choose to pay monthly, that price jumps to $15 per person. The cost for the Enterprise Grid subscription to Slack is not disclosed, and if interested you would have to contact the sales team.
Best Companies To Work For