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Atlassian Valued at $3.3 Billion

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Re: Atlassian Valued at $3.3 Billion

#111

Post by teacup50 »

mikekij wrote: post #106
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…

It could (ideally) be boiled down even farther. You need to do one thing: build a great product! In reality, there is a lot more needed to be successful, but Atlassian is a great example of success being 90% great product.

Atlassian didn't get caught in the established wisdom trap of enterprise software: worrying more about generating sales leads than about the product.

Upfront non-discriminatory pricing, direct purchase via credit card, immediate access to trial downloads, both installable AND cloud offerings, and source access to give customers piece of mind when it comes to solving their own problems and ensuring business continuity.

Atlassian does it right in a field where so many don't.

Re: Atlassian Valued at $3.3 Billion

#112

Post by capkutay »

dangoor wrote: post #13

First sentence in the article: "Atlassian, an Australian maker of online collaboration tools for businesses, is gunning for the same market as fast-growing startup Box Inc." Saying that they're gunning for the same market seems a stretch to me. No one's going to say "I was thinking of buying Jira, but I just went with Box instead." Leading off with drawing parallels between Atlassian and Box just strikes me as not he…

That might have been a slight misunderstanding on the writer's part, but I'm sure the atlassian guys are considering box's market as well. If a company is already spending money on Jira and stash for developer collaboration, wouldn't offering content management as a product be compelling? If the engineering department at a company is heavily invested in atlassian products, maybe marketing or sales would give their cloud content sharing product a shot too.

Re: Atlassian Valued at $3.3 Billion

#113

Post by pinaceae »

rgrieselhuber wrote: post #92
fjaved wrote: post #75

Earlier quoted context omitted.

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.

yes, we are tackling a single vertical, life sciences - with multiple SaaS products. the core vision is the industry cloud.

by being super specialized, the cost of sale is massively lower. no need for an army of sales people. focus is on product and delivery/implementation - once it is proven that your stuff actually works, others take notice in a tightly knit industry.

Eli Lilly, one of our customers, just got awarded for their innovation around using our products: http://www.informationweek.com/strategic-cio/executive-insig...

Re: Atlassian Valued at $3.3 Billion

#114

Post by raverbashing »

madeofpalk wrote: post #98
raverbashing wrote: post #6

Earlier quoted context omitted.

> 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.

It's newer than Jira

Re: Atlassian Valued at $3.3 Billion

#115

Post by thom »

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…

A large part of that 13 years was JVM startup time though.

Re: Atlassian Valued at $3.3 Billion

#116

Post by kmt »

EGreg wrote: post #90

Anyone here think JetBrains is in the same space and can also fetch a huge valuation? Also don't forget, Atlassian runs BitBucket! And look at GitHub's valuation.

JetBrains, yes absolutely. YouTrack is not as popular as Jira but JetBrains' IDEs are very popular. TeamCity is also waaay better than Atlassian Bamboo and sells well in the enterprise.

Re: Atlassian Valued at $3.3 Billion

#117

Post by optimusclimb »

lnanek2 wrote: post #105
dkarapetyan wrote: post #101

I don't understand any of this. Every atlassian product I have ever used has been terrible. All their software is full of performance issues, uncountable UI bugs, and every time we upgrade it's impossible to tell whether we lost any data in the process and several times we have lost data. Their continuous integration server, Bamboo, is pretty to look at but unusable except for the lightest of use cases. The message b…

Generally they seem good at convincing management they offer some business like value add none of the users actually want. I've been at companies where we had to switch to their really poor wiki product, Confluence, instead of free and better alternatives because Confluence allowed management to lock down editing permissions on individual pages in a more detailed manner. Note that I then spent weeks trying to get acc…

Going through this right now. Loved writing internal developer docs in github markdown. Quick and painless. Confluence...not so much.

Re: Atlassian Valued at $3.3 Billion

#118

Post by i386 »

dkarapetyan wrote: post #101

I don't understand any of this. Every atlassian product I have ever used has been terrible. All their software is full of performance issues, uncountable UI bugs, and every time we upgrade it's impossible to tell whether we lost any data in the process and several times we have lost data. Their continuous integration server, Bamboo, is pretty to look at but unusable except for the lightest of use cases. The message b…

Sorry to hear that you are having trouble with Bamboo. I'm Product Manager for Bamboo at Atlassian, so I'd be interested in looking into the problems and use cases you are having issues with. Feel free to drop me a line at james@atlassian.com and ill setup a time to give you a call.

Re: Atlassian Valued at $3.3 Billion

#119

Post by iancarroll »

capkutay wrote: post #112
dangoor wrote: post #13

First sentence in the article: "Atlassian, an Australian maker of online collaboration tools for businesses, is gunning for the same market as fast-growing startup Box Inc." Saying that they're gunning for the same market seems a stretch to me. No one's going to say "I was thinking of buying Jira, but I just went with Box instead." Leading off with drawing parallels between Atlassian and Box just strikes me as not he…

That might have been a slight misunderstanding on the writer's part, but I'm sure the atlassian guys are considering box's market as well. If a company is already spending money on Jira and stash for developer collaboration, wouldn't offering content management as a product be compelling? If the engineering department at a company is heavily invested in atlassian products, maybe marketing or sales would give their cl…

Well, content management is handled by Confluence.

Re: Atlassian Valued at $3.3 Billion

#120

Post by mcintyre1994 »

startupranks wrote: post #80

Now #11 on www.thestartup100.com > 1/3 of the top 100 are SaaS, but not all are purely enterprise.

Assuming from your username that this is your site, sorry if that's wrong. Anyway, how do you define a "startup"? Some of these companies are over a decade old (eg Atlassian), some have over a $B of funding (eg Dropbox), and a couple (Box, GoPro) seem to be pretty much at IPO. Also they're all in America, is that intentional or could you genuinely not find any non-US startup valued at over $225M?
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