TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

Slack Technologies Inc / Equity Bottom-Up

In light of the recent leg down in growth software, we thought it timely to do a followup to our <a href="https://www.smartkarma.com/entities/slack-technologies-inc" target="_blank" rel="noopener">Slack Technologies Inc (WORK US)</a> case study from the time of  its IPO. At the time, we leaned bullish on Slack's competitive positioning and open-ended growth opportunity, and despite recent history showing us that investors have been rewarded for buying richly valued SaaS companies, we were inclined to wait for a better entry point. Today's 7% pullback after a rough first two quarters got us to ask ourselves....is now that entry point?This analysis tests our Working Thesis and evaluates how Slack's Key Questions and Thesis Threats have evolved over its last two quarters. As a reminder, the one page up front summary is meant to be used by investors as a road map to evaluate Slack's progress over its first few quarters.

In light of the recent leg down in growth software, we thought it timely to do a followup to our Slack Technologies Inc (WORK US) case study from the time of  its IPO. At the time, we leaned bullish on Slack's competitive positioning and open-ended growth opportunity, and despite recent history showing us that investors have been rewarded for buying richly valued SaaS companies, we were inclined to wait for a better entry point. Today's 7% pullback after a rough first two quarters got us to ask ourselves....is now that entry point?This analysis tests our Working Thesis and evaluates how Slack's Key Questions and Thesis Threats have evolved over its last two quarters. As a reminder, the one page up front summary is meant to be used by investors as a road map to evaluate Slack's progress over its first few quarters.

United States

Twilio Inc. develops and publishes Internet infrastructure solutions. The Company offers cloud computing platform that allow web developers to integrate phone calls, Internet protocol voice communications, and text messages into web, mobile, and phone applications. Twilio serves customers worldwide.

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Twilio (TWLO US)

Slack: A Case Study Followup

In light of the recent leg down in growth software, we thought it timely to do a followup to our Slack Technologies Inc (WORK US) case study from...

Aaron Gabin

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