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On Thursday, popular workplace chat app Slack went public via a direct listing.

Cannon explained that a direct listing made the most sense for Slack's leadership team because they valued innovation and transparency, and she thinks more companies may follow Slack's lead.

When Index Ventures signed on to Slack's $160 million Series E funding round in 2015, the popular workplace chat app was already one of the hottest startups in Silicon Valley.

But on Thursday it also became one of the hottest startups in a new category: a directly listed public company.

Read More: The amazing life of Stewart Butterfield, the CEO leading Slack to a potential $15.7 billion valuation when it goes public today

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