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Atlassian Acquires Loom

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Re: Atlassian Acquires Loom

#91

Post by j45 »

blairbeckwith wrote: post #71
j45 wrote: post #65

Earlier quoted context omitted.

Neat. Does cleanshot auto upload and process the video as well?

There is an associated cloud service called Cleanshot Cloud – all licenses get a small amount of storage for free, or you can upgrade to Unlimited for a monthly subscription. Alternatively, because it's a great native-first app, you can just set the saving directory to an existing cloud provider on your machine like Dropbox and let it handle uploading and serving the file.

Associated?

See the thing with something like loom is it just works.

I used mono snap for a while for example.

Native apps to capture are great but they seem to get acquired.

Re: Atlassian Acquires Loom

#93

Post by j45 »

programmarchy wrote: post #78
j45 wrote: post #65

Earlier quoted context omitted.

Neat. Does cleanshot auto upload and process the video as well?

Yeah, Loom nailed this feature. Streaming the upload while recording means the video is ready to share instantly, which is very slick. Great UX.

They really did nail it.

Maybe it’s easier now to do but it definitely was faster than a native app locally uploading to the cloud as you record.

Re: Atlassian Acquires Loom

#94

Post by blairbeckwith »

j45 wrote: post #91
blairbeckwith wrote: post #71

Earlier quoted context omitted.

There is an associated cloud service called Cleanshot Cloud – all licenses get a small amount of storage for free, or you can upgrade to Unlimited for a monthly subscription. Alternatively, because it's a great native-first app, you can just set the saving directory to an existing cloud provider on your machine like Dropbox and let it handle uploading and serving the file.

Associated? See the thing with something like loom is it just works. I used mono snap for a while for example. Native apps to capture are great but they seem to get acquired.

I'm not sure what your point is. Lots of apps, native or not, get acquired. What are we talking about here?

Re: Atlassian Acquires Loom

#95

Post by game_the0ry »

dartos wrote: post #56
candiddevmike wrote: post #5

$1.5B for a screen recorder

And the infrastructure around storing and distributing those videos. Along with existing integrations into other enterprise software (like confluence, jira, and zoom) The compliance work for storing and distributing this data is already done. The staff of experts that don’t need to be sourced by recruiters. The new ability to prevent sites like Monday from integrating with it. Not to mention the existing loom custome…

I gave you an upvote bc I mostly agree, but as a counterpoint...

Atlassian is a big company that is successful at what they do, bigger than Loom and presumably with more resources. So I am confident they could have just copied Loom's business model and maybe even implemented better to fit their needs, since they have staff in place. It would certainly involve staffing up where needed, but I think they could have pulled it off and saved money. Also, with an acquisition, now they ave to integrate Loom into the broader Atlassian org, which wont be trivial.

So there are legit trade-offs with an acquisition.

That being said, spending $1B on a acquisition also saves time.

Re: Atlassian Acquires Loom

#96

Post by antidnan »

I know screen recording tools are widely used in the engineering world... I always thought they were more impressive for how much they culturally normalized screen recording in the rest of the corporate world.

Separately, I'm a big fan of cleanshotX.

Re: Atlassian Acquires Loom

#97

Post by thenerdhead »

Glad for the founders, but I cannot help but think this is such an overpriced acquisition for a glorified screen capture tool and ecosystem.

Now you can attach videos to jira tickets, seems a bit overkill.

Re: Atlassian Acquires Loom

#99

Post by djbusby »

pyrophane wrote: post #88
andygcook wrote: post #2

For anyone else curious, Loom raised $205M with the last round at a $1.5B valuation. This deal is for $975M in cash. Sources: - https://www.crunchbase.com/organization/loom - https://www.forbes.com/sites/stevenli1/2022/03/14/nearly-bro... - https://twitter.com/andrew__reed/status/1712458243883110599?... (Edit: formatting)

Without knowing the specific of their last round, does anyone have an idea of what selling at roughly 2/3 of their previous valuation likely means for their employees? I know that VCs typically have some kind of "upside protection" in later rounds that guarantees them first money out in the event of a sale on some multiple of their investment, but I don't know what terms are common.

Frequently Investors and Founders get money before Employees.

Investors frequently have clauses (warrants/ratchet) to increase their position if the sale wasn't at some threshold, which will affect (to downside) the basis for Employees payout.

If the Employee thought the stock was at $150/share at 1.5B they will get less than $97 on payout.

Re: Atlassian Acquires Loom

#100

Post by gangstead »

toddmorey wrote: post #92

This is a bummer. I really liked Loom. I was surprised to find some really neat video tools now by Prezi. Who else is doing good stuff around quick async collaboration?

It's kind of silly but at my work we're using Gather. Walking your little pixel art character around the "office" is silly at first, but it's really lowered the friction to short video interactions. It's way less friction than sending someone a link and waiting around for them to join a meeting.
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