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Atlassian Valued at $3.3 Billion

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Re: Atlassian Valued at $3.3 Billion

#41

Post by toufka »

lhnguyen09 wrote: post #38
stephengillie wrote: post #32

We've had a rough, shaky time using Jira, but it's almost entirely due to internal politics and constantly-shifting business priorities. (aka CEOs and owners who are just megaphones for their corporate customers) We intended to replace our invented-here ticketing system (which has Zendesk integration) with Jira, but instead we integrated Jira into that invented-here ticket system. On the other side, my team has been…

The Japanese pronunciation of Godzilla is "gojira". How is that a bastardization?

It's not even just the 'Japanese pronunciation', but the original name of that monster was ゴジラ - 'gojira' (gorilla/kujira (whale)) - which was anglicized into 'godzilla'. There's nothing racist at all about 'jira'.

Re: Atlassian Valued at $3.3 Billion

#42

Post by sledmonkey »

stephengillie wrote: post #32

We've had a rough, shaky time using Jira, but it's almost entirely due to internal politics and constantly-shifting business priorities. (aka CEOs and owners who are just megaphones for their corporate customers) We intended to replace our invented-here ticketing system (which has Zendesk integration) with Jira, but instead we integrated Jira into that invented-here ticket system. On the other side, my team has been…

We had a similar bug that we worked around by adding a transition view of "Resolved Issue Screen" to all steps leading to done in the Add Workflow Transition page.

Re: Atlassian Valued at $3.3 Billion

#43

Post by acutelyobtuse »

lobotryas wrote: post #28
malanj wrote: post #8

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)

>great software that people love 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.

This is not meant to sound challenging, I have used and, both loved and loathed, some JIRA setups. A lot of it might be implementation.

But as for the question, again not challenging, just curious:

What do you suggest as empowering, out-of-the-way, issue tracking software?

Re: Atlassian Valued at $3.3 Billion

#44

Post by rgrieselhuber »

tluyben2 wrote: post #30
rgrieselhuber wrote: post #27

Earlier quoted context omitted.

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.

That's both a lot less than $3.3B though. You meant 'this point' being an IPO only?

Yes, but that is also worth noting. Some of the more recent SaaS IPOs were built on lots of funding and, as a result, don't have great fundamentals.

Re: Atlassian Valued at $3.3 Billion

#45

Post by rqebmm »

malanj wrote: post #8

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)

ironically the product of theirs I like the most (Sourcetree) is free. I've heard mixed reviews on JIRA, and Confluence is useful but we certainly have gripes about it (seriously, no symbolic links?!)

Re: Atlassian Valued at $3.3 Billion

#46

Post by jsonne »

nraynaud wrote: post #39

What would be the exit for the VCs? they could have kept it private without the VCs, but I don't think VCs line up for dividends at the end of the years. That forces them to create an exit event for a company that seems in a nice path.

If you wanted to keep the company private and give the Vc's an exit you can always do a leveraged buyout. Basically borrow loads of money from a bank and use it buy back their equity.

Re: Atlassian Valued at $3.3 Billion

#47

Post by jeffsinclair »

stephengillie wrote: post #32

We've had a rough, shaky time using Jira, but it's almost entirely due to internal politics and constantly-shifting business priorities. (aka CEOs and owners who are just megaphones for their corporate customers) We intended to replace our invented-here ticketing system (which has Zendesk integration) with Jira, but instead we integrated Jira into that invented-here ticket system. On the other side, my team has been…

Check out http://answers.atlassian.com if you want to try and get some crowd-sourced answers to your problems! Happy to try and help resolve any sticking points you may have.

Re: Atlassian Valued at $3.3 Billion

#48

Post by thathonkey »

hyp0 wrote: post #33

oblig. BitBucket has free private repo's https://www.atlassian.com/software/bitbucket/overview you don't get to 3 billion dollars without giving away a lot of stuff for free to infiltrate the enterprise

I use Github for personal stuff and Bitbucket at work. They're pretty comparable. I don't really have a problem with either. Some parts of the Bitbucket UI are nicer, some parts of the Github UI are nicer.

It's hard to beat free private repos but note that they are limited to 5 users. If you have a larger team, you've got to pay.

Re: Atlassian Valued at $3.3 Billion

#49

Post by cheetahtech »

rgrieselhuber wrote: post #10

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…

I really appreciate this comment.

I have a start up I have been working on for almost 2 years. I am bringing in money, but not enough yet to be life sustaining. So I have a full time job and working every day on this startup. It can get rather tiring...

I was questioning its worth the other day, to keep going or to wait. But I must keep going. It doesn't take a year, but rather its a long drawn out process.

Re: Atlassian Valued at $3.3 Billion

#50

Post by nraynaud »

jsonne wrote: post #46
nraynaud wrote: post #39

What would be the exit for the VCs? they could have kept it private without the VCs, but I don't think VCs line up for dividends at the end of the years. That forces them to create an exit event for a company that seems in a nice path.

If you wanted to keep the company private and give the Vc's an exit you can always do a leveraged buyout. Basically borrow loads of money from a bank and use it buy back their equity.

doesn't that pit the management against the VC on pricing when doing a management initiated LBO?
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