Slack today will hold its "investor day," ahead of a direct public listing that's expected for early June. It may become the venture capital industry's most consequential deal since the financial crisis.
The state of play: Uber's IPO on Friday was a dud, and shares opened even lower Monday as the stock at times plunged more than 10% to below $38 per share. Some of the blame here falls on Uber and lead banker Morgan Stanley. Some of it was outside of the company's control. For most of Uber's early investors, this was still the single best deal of their careers. But much of the later-stage money is currently underwater.