“It’s a really difficult time to be a growth-stage company at a time when a few years ago, you’d have been able to raise a lot of capital to accelerate growth,” he said. The strategy, Mr Henderson said, was the same approach that Canva has taken – raising capital while market conditions are good, even if it hasn’t spent the previous funds raise. so we raised money when we could to hedge our bets.” “ will money be available at these terms forever? Probably not. and at an amazing rate in case we’d seen a. “The money was available on such good terms that it made sense to get that money. we raised a lot more money than we ever used,” he told The Australian Financial Review while visiting Sydney last week. “We’d raised over $US1 billion before we went public 2½-years ago. Slack co-founder Cal Henderson said the business raised far more capital than it ever used, in case funding market conditions changed. The chief technology officer of the now Salesforce-owned instant messaging and collaboration platform for businesses sold his company during a purple patch for the tech sector in December 2020, after already taking advantage of the years of cheap capital that was available for start-ups from US venture capital funds.
Slack co-founder Cal Henderson knows how good he’s got it.
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