Discord

Discord

Voice, video, and text communication platform

About

Discord is a communication platform that allows users to connect through voice, video, and text. It serves as a space for friends and communities to gather and share their interests, catering to a wide range of groups such as artists, activists, study groups, and hobbyists. Users can join various communities, known as servers, which host discussions and activities related to their interests. Unlike many other platforms, Discord does not rely on advertising or selling user data; instead, it offers a premium subscription service called Nitro, which provides additional features like enhanced streaming quality and customization options. The goal of Discord is to create a welcoming environment where people can build connections and foster a sense of belonging.

Company Stage

Series H

Employees

1,001-5,000

Industries

Consumer Software, Entertainment

Total Funding

$952.6M

Headquarters

N/A

Founded

2015


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Simplify's Take

What believers are saying

  • Discord's impressive revenue growth of 44% in 2022, despite a challenging market, indicates strong financial health and resilience.
  • The company's $500 million funding round and $15 billion valuation highlight its robust market position and potential for future growth.
  • Working at Discord offers the opportunity to be part of a platform that fosters diverse communities and meaningful connections, making a positive social impact.

What critics are saying

  • The slowing revenue growth rate could indicate potential challenges in sustaining high growth levels in the future.
  • The competitive landscape of communication platforms is intense, with new entrants and existing giants posing constant threats.

What makes Discord unique

  • Discord's ad-free model and focus on user privacy set it apart from competitors who rely heavily on advertising revenue.
  • The platform's Nitro subscription offers unique perks like higher quality streams and customizations, enhancing user experience and loyalty.
  • Discord's acquisition of Gas and its commitment to keeping it as a standalone app shows a strategic approach to expanding its user base without diluting its core offering.

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Growth & Insights
Headcount

6 month growth

-28%

1 year growth

-19%

2 year growth

-3%

Benefits

Stay healthy - We take care of our team with comprehensive Medical, Dental, and Vision plans.

Parental perks - Spend some quality time with the next generation with parental leave, fertility, adoption, and surrogacy benefits.

Kick back - Stay refreshed with over 19 paid holidays, use-what-you-need sick days, and four weeks of PTO.

Commute easy - In a non-COVID world, get up to $270 per month for your commuting and parking needs.

The loadout - When we’re back in the office, enjoy daily catered lunches and snacks, a desk fund to make your space yours, and whatever you need for your computer setup, including a headphone allowance.

Wellness on us - Take advantage of a quarterly wellness allowance for your gym membership or other wellness activities. Virtual yoga every week!

Transgender benefits - Discord will reimburse up to $20,000 for any procedure related to transition.

Discord HQ - Our office is located in Potrero Hill, a little neighborhood in San Francisco near awesome coffee and food.

Relocation - Excellent relocation bonuses for new hires moving to San Francisco (once it’s safe to return).

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