• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

2

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

3

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts

1

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

2

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

3

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
Brainstorm Tech

Stewart Butterfield Is Trying His Hardest

By
Erin Griffith
Erin Griffith
Down Arrow Button Icon
By
Erin Griffith
Erin Griffith
Down Arrow Button Icon
February 18, 2016, 6:30 AM ET
Video Poster
Add Fortune on Google for similar content.

This profile is part of “The Fortune Entrepreneurs” list. See the full package here.

Stewart Butterfield graduated high school to become part of the slacker generation, which is coincidentally reflected in the name of his business software startup, Slack. His Twitter bio includes an apathetic “shruggie” emoticon (¯_(ツ)_/¯) and a mea culpa: “I’m trying my hardest!”

In other words, he’s not terribly concerned with creating the illusion of “crushing it” that so many other Silicon Valley entrepreneurs painstakingly project. Ironically, that might be the precise reason why Slack is such a media darling. In interviews, Butterfield is honest, genuine, and rarely falls back onto pat talking points. He provides actual answers to questions, and he cracks dry jokes. He often seems just as surprised as anyone that Slack is such a runaway success.

In other words: ¯_(ツ)_/¯

Slack’s media appeal is boosted by the fact that the startup is indeed crushing it. Just two years in, and Slack has raised $340 million in venture capital, boosted its headcount to 369, and snagged 2.3 million daily active users, 675,000 of which pay for the service. Slack has $64 million in “annual recurring revenue,” a metric subscription software companies use to extrapolate monthly income for the entire year. The company has outgrown its office three times now, and will do so again in six months.

The growth was impressive enough to net Butterfield an “Innovator” award from WSJ Magazine in November. Accepting the award on stage in front of celebrities like Brad Pitt, Karlie Kloss and Robert DeNiro, Butterfield joked that he felt like he’d won the nerd award. When DeNiro took the stage, he made it clear he wasn’t amused by Butterfield’s comment, ending a mini-rant with, “I don’t give a f**k who you are.” Butterfield was amused. “I just literally got trash-talked by Robert DeNiro,” he tweeted, adding the hashtag #Lifegoals.

Then he shrugged.

Slack’s rapid adoption makes it one of the fastest-growing business software applications. (Some anecdotal evidence: Last year at two conferences for young creative types—one was held at a brewery in Brooklyn, for example—I asked the audience how many of them used Slack. Both times every hand in the crowd went up.)

 

The company, which launched two years ago and carries a $2.8 billion valuation, is also one of the world’s fastest-growing venture-backed startups. Depending who you ask, Slack is killing email, transforming business organizations, and reimagining the document. Others argue Slack is destroying work-life balance and hurting productivity. In various glowing profiles, Slack’s software has been described as a “workplace revolution,” “taking over the world,” and “a trojan horse.”

Butterfield does not intend to stop at killing email. (Which, actually, is a mischaracterization—Slack is killing emails within a company, but external emails will never go away. Even he still spends four hours a day emailing.)

To expand, Slack created an $80 million fund to invest in startups building tools for its application. It’s a way to outsource the building of customization and special new features. (Picture an App Store for Slack.) So many developers have submitted their own Slack apps that the internal approval process has broken down, Butterfield says.

Slack is also is opening an office in New York to focus on machine learning, artificial intelligence, and bots that will create new capabilities for developers building things on Slack.

If there is one talking point Butterfield likes to lean on, it’s the one about empathy. He looks for empathy in every employee he hires, and he aims to build empathy into Slack’s software. One example is Slack’s “do not disturb mode” feature, which has a default setting of holding messages sent during weekends and nights so workers can get a break from work notifications.

With 369 employees, Slack is the biggest organization Butterfield has run “by far,” he says. Before launching Slack, Butterfield co-founded Flickr, the popular photosharing site, selling it to Yahoo (YHOO) in 2005. He spent years toiling on a game called Glitch before abandoning it in 2012.

Scaling the business the right way is a challenge. “It’s easy to hire too fast and have chaos and disorganization and insufficient management,” he says. “At the same time, we don’t want to drop opportunities on the floor.” Already his team “feels like an insane number of people,” he says. “The guideline is the fewest people we can have without missing out on opportunities.”

About the Author
By Erin Griffith
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Ulta is betting $400 million that an NYC megastore will help it compete with Sephora—and that flagships still work
C-SuiteRetail
Ulta is betting $400 million that an NYC megastore will help it compete with Sephora—and that flagships still work
By Phil WahbaJuly 11, 2026
43 minutes ago
Apple accuses OpenAI, and former design star Jony Ive’s io Products firm, of stealing hardware trade secrets in blockbuster lawsuit
Big TechApple
Apple accuses OpenAI, and former design star Jony Ive’s io Products firm, of stealing hardware trade secrets in blockbuster lawsuit
By Sebastian HerreraJuly 10, 2026
8 hours ago
OpenAI CEO Sam Altman sitting next to U.S. President Donald Trump at the G7 Meeting in Evian, France.
AIOpenAI
OpenAI’s latest AI model likely has similar cyber vulnerabilities to one that led to U.S. export controls on Anthropic’s Fable, British agency says
By Emily Forlini and Jeremy KahnJuly 10, 2026
8 hours ago
Memory chip giant SK Hynix jumps nearly 13% in Wall Street debut as AI frenzy powers biggest initial share sale in the U.S. by a foreign company
AISemiconductors
Memory chip giant SK Hynix jumps nearly 13% in Wall Street debut as AI frenzy powers biggest initial share sale in the U.S. by a foreign company
By Damian J. Troise and The Associated PressJuly 10, 2026
9 hours ago
Meet ‘Freedom Fuel Network’ stations, a new chain with cheaper gas and mysterious origins
EnergyDonald Trump
Meet ‘Freedom Fuel Network’ stations, a new chain with cheaper gas and mysterious origins
By Joshua HongJuly 10, 2026
11 hours ago
Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet
Real EstateAnthropic
Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet
By Mia OsmonbekovJuly 10, 2026
11 hours ago

Most Popular

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
Economy
U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
By Eleanor PringleJuly 10, 2026
21 hours ago
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
Middle East
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
By Jason MaJuly 10, 2026
15 hours ago
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
Success
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
By Emma BurleighJuly 9, 2026
2 days ago
Farm groups saved Bayer in court over RoundUp cancer claims. Five days later, Bayer called for tariffs on the ingredient farmers rely on
Economy
Farm groups saved Bayer in court over RoundUp cancer claims. Five days later, Bayer called for tariffs on the ingredient farmers rely on
By Mia OsmonbekovJuly 9, 2026
2 days ago
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
Environment
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
17 hours ago
Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high
Success
Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high
By Preston ForeJuly 9, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.