The VC investors who stand to benefit most when Salesforce buys Slack

  • After Slack went public last year, a few of the VCs who funded it when it was a private startup held onto a chunk of their shares.
  • And they will be rewarded handsomely now that Salesforce has agreed to pay a premium and buy Slack for $27.7 billion.
  • The investors who stand to benefit include Chamath Palihapitiya and Accel’s Andrew Braccia.
  • Visit Business Insider’s homepage for more stories.

Salesforce chief Marc Benioff has called his company and Slack “a match made in heaven.”

And if Salesforce’s purchase of the popular work-chat app for $27.7 billion passes regulatory muster, their union should make some major Slack investors very happy and über rich.

Many of them are the kinds of institutional investors that often own large chunks of newly public tech companies, such as T.Row Price, Vanguard, and BlackRock. 

But a number of them are VCs who first bought in when Slack

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We must design infrastructure that will benefit us all economically, environmentally and socially

We must design infrastructure that will benefit us all economically, environmentally and socially

“Now is the time to ‘think think think’ before we ‘build build build’ to make sure we’re designing infrastructure that will be of long-term benefit to all of us all economically, environmentally and socially,” says Donald Morrison | Credit: PA Images

The National Infrastructure Strategy will require grit and determination from industry as well as Government to deliver in a way that serves everyone.

Britain – despite being one of the continent’s richest economies per head – is currently the most unbalanced in Europe (Source: IPPR Report).

Regional disparities run deep within the fabric of our economy, with 40% of the UK’s output produced in London and the South West, and average incomes across the North West, South West, West Midlands and Wales as much as 30% lower than in the capital.

Our industrial strategy has for too long prioritised business prosperity and GDP growth on a macro scale, while

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The people that benefit most when Airbnb goes public

  • Airbnb is finally going public.
  • The company’s S-1 filing did not name all of the investors who have bought shares in Airbnb over the years, as it raised more than $6 billion in funding, but it revealed who the biggest shareholders are.
  • We’ve calculated the value of their stakes based on a price of $34.88 a share.
  • Visit Business Insider’s homepage for more stories.

Airbnb has dropped the paperwork for its initial public offering, and it’s ripe with juicy details that a startup doesn’t have to disclose but a public company does, such as which investors own the largest stakes.

As is typical these days, Airbnb is using a two-tier structure where it sells Class A shares to the public, with each of those shares offering one vote per share; and it has Class B shares — which are owned only by its founders, execs and key investors — that

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Some Iowans wait months for unemployment payments; state employees blame a 48-year-old computer system for benefit delays

Michelle Hansen has used up all of her savings. She’s cut the TV service. She declined to buy her children’s school pictures this year. She borrowed money from her father to buy toilet paper.

Americans who lost their jobs to COVID-19 are finding news careers in different fields

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“It’s very embarrassing,” said Hansen of Sioux City, Iowa. “I’ve always been able to support myself. And I think I could be if I was getting the benefit I’m supposed to be getting.”

Hansen, 31, has seen her unemployment payments shrink this fall, a problem that Iowa Workforce Development staffers blame on the agency’s outdated computer systems.

In the lead-up to the 2020 election, all eyes are on Iowa. Get updates of all things Iowa politics delivered to your inbox.

After Hansen originally received $580 a week under the state’s standard unemployment program, an Iowa Workforce Development

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