21–30 of 169 posts
Really cool that you can reach that kind of valuation with a basket of products, rather than a single run-away network effect fueled win. I find it very inspirational that they do that well by building great software that people love. also: They really make awesome products (we use BitBucket, HipChat and Confluence)
Did they acquire HipChat or was that home grown?
Really cool that you can reach that kind of valuation with a basket of products, rather than a single run-away network effect fueled win. I find it very inspirational that they do that well by building great software that people love. also: They really make awesome products (we use BitBucket, HipChat and Confluence)
Did they acquire HipChat or was that home grown?
They do seem to be the best in a very competitive market. There are loads of either commercial or open source issue trackers, wikis, combinations of both, etc. etc. How will they grow past that ? Acqusitions? Writing custom JIRA plugins that will make it more like an ERP ? Ideas?
> There are loads of either commercial or open source issue trackers, wikis, combinations of both, etc. etc Yes, and they all suck. They go from a pain to use (Bugzilla) to a huge mountain of useless and worthless crap with a obscene price tag (Rational tools) It seems to me they are in the right path
For feature tracking of timeline type of views, Bugzilla is fairly useless, but for just doing bugs, it does a good job.
This is a company that was founded in 2001. I still remember their CEO building his original audience on TheServerSide.com, back when Enterprise Java was the thing. They took 13 years to get to this point, a solid 8-9 years longer than most enterprise SaaS companies are expected to take (by VCs). And yet, not a single VC I've asked if they wish they were in Atlassian has said no. You can build huge companies on your…
Well sure, a hit is a hit. A hit that took 3x time is still worth being a part of if your hit ratio is less than one in three. With hindsight, of course they "wish they were in Atlassian."
Really cool that you can reach that kind of valuation with a basket of products, rather than a single run-away network effect fueled win. I find it very inspirational that they do that well by building great software that people love. also: They really make awesome products (we use BitBucket, HipChat and Confluence)
Did they acquire HipChat or was that home grown?
This is a company that was founded in 2001. I still remember their CEO building his original audience on TheServerSide.com, back when Enterprise Java was the thing. They took 13 years to get to this point, a solid 8-9 years longer than most enterprise SaaS companies are expected to take (by VCs). And yet, not a single VC I've asked if they wish they were in Atlassian has said no. You can build huge companies on your…
Can you give examples of SaaS companies which did that in 4-5 years; I know you said 'by VCs', but i'm curious.
Both are closer to 5-6 years. Salesforce had just over a $1B valuation post-IPO, Marketo was ~$500M.
Really cool that you can reach that kind of valuation with a basket of products, rather than a single run-away network effect fueled win. I find it very inspirational that they do that well by building great software that people love. also: They really make awesome products (we use BitBucket, HipChat and Confluence)
As someone who has to use and administer JIRA I'll have to respectfully disagree. The nicest thing I can say about the product is that it was built "by engineers, for engineers". People who want empowering software that gets out of the way appear to have been an afterthought.
Earlier quoted context omitted.
Did they acquire HipChat or was that home grown?
BitBucket and HipChat are fairly recently acquisitions, but fit perfectly in their portfolio. Some of their lesser-used products are also acquisitions.
Earlier quoted context omitted.
Can you give examples of SaaS companies which did that in 4-5 years; I know you said 'by VCs', but i'm curious.
Salesforce was founded in 1999 and IPO'd in 2004. Marketo was founded in 2007 and IPO'd in 2013. Both are closer to 5-6 years. Salesforce had just over a $1B valuation post-IPO, Marketo was ~$500M.