I don't understand where they are going with Bitbucket. It lacks a lot of features. Except for a UI re-design, I haven't seen any change for a long time.
(Off topic hoping someone from Atlassian might pick this up here)
Atlassian built a $20B dollar company with no sales team
21–24 of 24 posts
Re: Atlassian built a $20B dollar company with no sales team
#22Either that or this is a lie
Re: Atlassian built a $20B dollar company with no sales team
#23Well the ease of use sure wasn't their selling point. The only decent Atlassian product is Bitbucket...and they bought it and made it worse. Trendy design, too much configurability, and an "Enterprise" user base. If I could, I wouldn't use any Atlassian software.
Confluence is a pretty nice product.
Needs more plugins
Re: Atlassian built a $20B dollar company with no sales team
#24The math on this confuses me. If they have 125,000 customers and are worth $20,000,000,000... investors are valuing each individual customer as being worth $160,000. There's gotta be a typo in there somewhere, right?
The market value of a company is (in theory) the sum of the lifetime value of all of the customers. No idea what Atlassian's ACV is but $160K is $30K/year over five years (not a crazy estimate for the lifetime of line of business software in an organization). However, investors also care about growth and Atlassian grew subscription revenue 64% from FY17 to FY18.
So this is normal? Crazy. Clearly I'm not a finance guy.