If You Invested $10,000 in Slack's IPO, This Is How Much Money You'd Have Now
Marc Andreessen, software industry veteran and founder of the venture capital (VC) firm Andreessen Horowitz (also known as "a16z"), wrote a now-famous article in 2011 titled, Why Software Is Eating the World. The article laid out the argument that software would disrupt many industries in the years to come, due to the rise of mobile technology, reduced costs of computing, and the ever-increasing bandwidth of internet connections. Andreessen's team stuck to this theory as they went on to profit from numerous early-stage software start-ups, including Slack Technologies (NYSE: WORK).
The creator of team-collaboration software debuted on the public markets earlier this year but not in the typical way. We'll dive into the details of how shares became available, discuss the winners from that event, and finish up with how early public investors are doing.
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