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Atlassian Valued at $3.3 Billion

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Re: Atlassian Valued at $3.3 Billion

#91

Post by emsy »

bane wrote: post #73

I don't know why, but this makes me feel good. Like a world that makes sense. A regular old business, that makes money and continues to grow and make more money, gets valued on a nice speculative curve, doesn't make useless dodads or chat apps or whatever and went from $0 to $xx billion valuation in a couple years because it has some possible tangential business tie in with somebody else, but instead makes something…

Haha, that was my thought too. A evaluation for a company that actually adds value instead of smoke and mirrors.

Re: Atlassian Valued at $3.3 Billion

#92

Post by rgrieselhuber »

fjaved wrote: post #75
tluyben2 wrote: post #14

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.

Veeva Systems (VEEV) took just a touch longer at 6 years and did it with remarkable capital efficiency. Founded 2007. Raised $4m from VCs. IPO in 2013. Opened at $2.4b mkt cap, closed day at $4.5b, $5.6b today.

I just came across their story the other day - really inspiring. I'd love to hear the full story of how they did it. They are in a super specialized market, so I'm guessing that helped.

Re: Atlassian Valued at $3.3 Billion

#93

Post by JonoBB »

thathonkey wrote: post #56
rqebmm wrote: post #45

Earlier quoted context omitted.

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?!)

Sourcetree is by far the best Git GUI I've ever seen.

I don't work on windows anymore, but Git Extensions is still my favourite Git Gui

https://code.google.com/p/gitextensions/

Re: Atlassian Valued at $3.3 Billion

#94

Post by zevyoura »

bane wrote: post #73

I don't know why, but this makes me feel good. Like a world that makes sense. A regular old business, that makes money and continues to grow and make more money, gets valued on a nice speculative curve, doesn't make useless dodads or chat apps or whatever and went from $0 to $xx billion valuation in a couple years because it has some possible tangential business tie in with somebody else, but instead makes something…

>doesn't make useless dodads or chat apps or whatever

To be fair, Atlassian makes HipChat, and though it's not exactly the foundation of their valuation it is a pretty significant product.

Re: Atlassian Valued at $3.3 Billion

#95

Post by EC1 »

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…

>Also, the name (bastardizing the Japanese pronunciation of Godzilla) always feels somewhat racist to me.

That is extremely reaching, like on a hole new level. Do you get this offended in real life too if a coworker makes a joke? Genuinely wondering.

Re: Atlassian Valued at $3.3 Billion

#96

Post by madeofpalk »

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)

> They really make awesome products

Oh dear god.

As an employee at a medium sized company that uses Jira and Confluence, I have to disagree.

I'm sure people out there have managed to wrangle and configure Jira into something usable, but it's implementation where I work has been just horrible.

And confluence... Apart from being just slow and unreliable, it's text editor gives me nightmares. I mean, all due respect for building that (it does some pretty powerful and complicated things), but 95% of the time I just want to write an article in Markdown and post it.

Re: Atlassian Valued at $3.3 Billion

#97

Post by schneid »

zevyoura wrote: post #94
bane wrote: post #73

I don't know why, but this makes me feel good. Like a world that makes sense. A regular old business, that makes money and continues to grow and make more money, gets valued on a nice speculative curve, doesn't make useless dodads or chat apps or whatever and went from $0 to $xx billion valuation in a couple years because it has some possible tangential business tie in with somebody else, but instead makes something…

>doesn't make useless dodads or chat apps or whatever To be fair, Atlassian makes HipChat, and though it's not exactly the foundation of their valuation it is a pretty significant product.

To be fair, Atlassian bought HipChat :)

Re: Atlassian Valued at $3.3 Billion

#98

Post by madeofpalk »

raverbashing wrote: post #6
polskibus wrote: post #3

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

Trello.

Re: Atlassian Valued at $3.3 Billion

#100

Post by lbotos »

dangoor wrote: post #52
dorkrawk wrote: post #37

Earlier quoted context omitted.

I saw that as perhaps a way to compare Atlassian (mainly BitBucket) to Github Atlassian is to Github as Box is to Dropbox ?

I think you're giving the reporter too much credit :) Also, Atlassian is a good deal bigger than GitHub (if measured by revenue, profit, people or valuation), which would seem to put them on the Dropbox side of the analogy

Which is an interesting thought because the common perception (from my chair) is exactly the opposite. A matter of skewed perception, etc, etc.
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