281–290 of 408 posts
I can get this screen grab setup up running in 10 seconds. You don’t need Loom for most cases
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Wow, what a great filter the CEO came up with. If someone doesn't want to use the product, they probably won't make a good fit to work there.
You don't have to drink the koolaide to be a productive member of the team. Drinking the koolaide doesn't mean you'll be a productive member of the team. Pretty pointless of a filter
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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.
Are you counting employees that joined after the 1.5B valuation? I am sure they made money but not what was expected (exiting above 1.5B). How are you determining par for the course liq preference of 1.0? Where does that data come from? I ask genuinely as the small sample of companies I know of personally have liq preferences greater than 1.
$1.5B for a screen recorder
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…
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My immediate reaction was that value-wise it was a joke, how can they be worth $1 billion? I agree with what you're saying here though, one click, ACL controlled and simple to use videos. Concur with the enablement of the remote culture. I would have thought Atlassian could clone that so simply. The Loom software is super buggy though, I have to open their site or extension or desktop app multiple times before it sta…
> The Loom software is super buggy though Perfect fit for Atlassian’s portfolio then
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They raised $200M and sold for $1B. Options from the last raise would be under water, but they operated for years before that raise. There are likely a lot of employees doing reasonably well.
The amount they raised is meaningless to an option holder, only the valuation. If the employee joined at the 1.5B valuation, they got nothing
$1.5B for a screen recorder
If you have a mac, buy Compressor app from Apple set up Folder watch, use Zoom to start an empty video meeting to show video of yourself, minimize(shift cmd m) and float(cmd alt f) the zoom window, then use MacOS screen record(cmd shift 5) to record. I can get this screen grab setup up running in 10 seconds. You don’t need Loom for most cases
Earlier quoted context omitted.
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.
Shareholders who got in before that last round, that is. Employees who joined in the last few years will likely have underwater options unless Loom internally repriced already-granted options.