- 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.
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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