231–240 of 408 posts
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They're not necessarily buying it just for the tech; I have no doubt that Atlassian could build their own version of Loom. I'd guess that a big part of it is customer acquisition and then raising prices or ramping customers to other Atlassian products.
I have a lot of doubt Atlassian can build anything in a reasonable timeframe. CLOUD-6999.
Loom is probably the simplest billion-dollar piece of software, but it's also excellent software and I am happy they're getting paid. Screen recording before Loom was a pain. You had to open up some program, start it, save the file, upload the file somewhere, and share it. And if you had to edit the recording at all ... probably start over. With Loom it's all one click and it's ready to share the instant you hit the…
Depending on liquidation preference clauses I don't think any employee outside the founders will make much from this sale.
At some point, companies become big enough that innovation is a risk (Innovater's dilemma). Atlassian is likely at this stage. Ofcourse, loom's tech is nothing impressive, one could argue that only a small segment of enterprise Loom customers would be willing to convert to Atlassian ecosystem. Nonetheless, the show must go on and Atlassian has to choose action instead of inaction to please the stock market. Good exit…
Atlassian is not afraid of innovating, they can’t. They just hired the worst developers again and again. Good students go to Canva, dropouts go to Atlassian. Talk to partners. Everyone is pulling their hair at the new APIs. It’s architecturally bad, inside their systems. Even the architects are outputting crap! The best programmers of the company! I’ve move my data outside Atlassian to prevent loss…
What do you folks think Loom's revenue was in the recent years? I'm curious what the ARR multiple would be in this deal. 20X? 40X?
Probably much much lower. If this was 2020 or 2021, perhaps, but multiples haven't even in that high in the public market for high growth companies for the past few years
Now even if they grew at 40-50% YoY CAGR (which is on the bullish side) - $60M-$70M ARR, approximately giving them a 10-12x ARR multiple for NTM revenue, put them squarely in the median to high-end valuation mutiple for PLG companies growing at 30-50% YoY (https://www.meritechcapital.com/benchmarking/historical-trad...)
This make perfect sense. Atlassian is cornering the market of "features nobody ask for but make for good sales pitch to clueless managers".
In what world is loom something no one asked for? I, and my team, use it everyday and have at my past two jobs as well. For engineers it’s a life saver being able to share a quick video of some code and the bug youre getting (or asking what some piece of code does) and also forcing junior engineers to do this for a PR guarantees the feature works/is a form of QA.
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Nope. Loom was last valued at $1.5 billion in 2021, so with this acquisition a lot of people's options undoubtedly got totally wiped out due to liquidation preferences.
This comment misunderstands how liq pref works. Liq pref is about the amount of money invested ($175M), not about the valuation. At a $975M exit and a par-for-the-course liq pref of 1.0, it is very likely that all shareholders will have made money on the exit.
What alternatives to Loom Pro/Team would people recommend?
Ask me about LOOM
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?
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Loom does not have a moat, which is why they were purchased by a platform that does have one. It’s a very well-done feature, but there are increasingly other platforms (Slack, Dropbox) that offer features 80% as good for free.
It is not a very well done feature. It is among the most deterministic pieces of software I have ever used. Tella.tv and Screen Studio are well done pieces of software, but not Loom